Q.
I am 57, single and on a disability pension. I was thinking of
seeing a financial planner regarding setting up a share portfolio
from my savings worth $54,000 and placing monthly income straight
into my superannuation fund at end of each month. Is this option
worth exploring, or would it affect my pension, and is this a good
option?
A.
The great advantage of placing money into super is that it is
not counted by Centrelink until you reach pensionable age.
Therefore if your assets are sufficient to make it worthwhile, I
see no disadvantage in your doing it.
Each week financial advisor Noel Whittaker answers your
questions.
