$360K in cash management account. Should I leave it there?

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Q. I’m 57 work part time, own an investment property which is rented out.  I own my home and also have investment in trees.   Please advise me what to do with $360,000 in cash management account.   Should I put it into my super, buy another investment property or investment portfolio ???

Josie’s answer: Obviously I don’t know what income you would like to generate when you do finally retire, but sounds like you are on track to achieving a comfortable lifestyle in your twilight years.   My thoughts are as follows:- (please remember that it is general advice only) Read more

I am business owner and I am questioning my accountant’s advice.

Q. We are business owners and our accountant has us pay a designated amount into super each month. We are reluctant to do this at the moment and have that amount lose money immediately when banks are offering over 8%. Should we try to delay these payments?

Josie’s answer: I am finding that many people are asking similar questions. Why put my money into superannuation when they might get a higher return by investing in a cash management account or term deposit outside of super. This is where a little research and homework will make it a lot clearer and thank you for asking this great question.

When thinking of superannuation, do not think of it as an investment. This is a common mistake. Superannuation is simply a trust which offers amazing tax concessions. For example, if you had a family trust, would you be asking the same question? Probably not.

Firstly, I will discuss the tax benefits. Lets say your monthly contribution to superannuation Read more