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My Partners Income is Reducing My Age Pension
Gino from Beckingham writes " My partner and I live together but keep separate finances. I am 68 and retired whilst my partner is 65 and still working full time. The age pension I receive is greatly reduced because of my partners income. This seems unfair because we keep separate finances and I don't benefit from my partners income. Is there anything I can do?"
Using delisted.com.au to get a tax loss
Bruce from Mount Hawthorne writes. “Years ago I invested $20,000 into a speccy mining stock that went nowhere. It’s no longer trading on the ASX. I’d like to use this loss to offset a capital gain I have made from an investment property this year. My accountant says I can’t do this as the company hasn’t been fully wound down. Is there anything I can do?"
$3 Million Super Cap
Miles from Subiaco writes “ My wife and I have a SMSF with an investment property and and share portfolio. The total value of the fund is approximately $3.5 Million dollars. I have read that the Government is imposing a extra tax on super funds above $3M. Can you please provide some more information on this?”
This blog contains general and factual information and does not take into account anyone's individual objectives, financial situation, needs or tax circumstances. We strongly recommend you contact one of our Advisers if you would like personal advice.
Redpoint Investment Holdings Pty Ltd (trading as CY Financial Advice), is a corporate authorised representative (No. 378099) of CY Financial Services (AFSL No. 509648