Ask a Question

You need to be a full subscriber to access this feature of the Switzer Super Report. Click here to upgrade your subscription or read recently answered questions below

Recent Questions & Answers

Simple Account Base Pension and Part Time Work

Paul Rickard

My wife and I have a SMSF and our ages are 60 and 63 respectively.

Currently my wife is receiving a Simple Account Base Pension as she has stopped working a couple of years ago to look after her sick father. She has been offered a part time job which she is considering taking up before the end of this financial year.

Given she does accept the job position could you please advise on the following:

  1. Will she be still able to draw the pension? Does it have to be changed to a TRAP?
  2. Will she be able to make concessional contributions?
  3. I am I able to spouse split my contributions on the 30th June 2017 for the full 85% allowable as at that date she will be employed?

Take a free trial or log in to read answer

Sigma Healthcare (SIG)

Paul Rickard

What is your opinion or view on Sigma Healthcare (SIG), formerly Sigma Pharmaceuticals (SIP)?

Their recent announcements about future court action over contracts for supply has seen their share price plummet. I recently noticed also, that they advised the ASX this month of a ‘Daily Share buy back’ , but seemed to be dated September 2012.

What is the link between this buy back, and how would it affect the share holdings I have in my SMSF?


Take a free trial or log in to read answer

Flexigroup (FXL)

Paul Rickard

I would love to know your view as to FXL’s steadfast decline over the last two years.

I don’t see any dire announcements or circumstances and FWIW I think at least Morningstar has had a BUY recommendation on it all the way down.

Thanks and all the best.


Take a free trial or log in to read answer

Isentia (ISD) and Estia (EHE)

Paul Rickard

For my SMSF I bought Estia and Isentia some time ago and I am making a 45% loss on each.

Should I be patient? Or should I take advantage of the recent pull-back and buy something else with the now slim proceeds?

 


Take a free trial or log in to read answer

Implications for Super Fund Exceeding the $1.6m Threshold

Paul Rickard

We are in a income stream phase with an industry fund at the moment, and are still in doubt about the implications of our super fund eventually exceeding the $1.6 million threshold.

We believe that our fund must not exceed the threshold by D-Day, but will be OK to grow passed the threshold after that date.

Are we right? Like most retirees, we are in the dark about the ramifications of the changes as they approach and would appreciate a lay answer.


Take a free trial or log in to read answer