Incorrect debit
On returning from abroad, I noticed on my bank statement that I was
debited the wrong amount for one of my debit card transactions. Can
I legally refuse to pay this amount?
Credit cards
Who can I speak to get some advice and help in obtaining a credit
card?
Bank term deposits
My wife and I would like to place $32,000 in an Australian bank
term deposit over a three year period. Can you suggest an effective
way of locking away the interest year by year until the end of the
fixed term?
Trust fund for children
Is the MLC fund a good long term investment given the GFC and also
that it is closed?
Term deposits
What is the tax position for an individual with regards to interest
accruing on term deposits?
Personal Loan
I am looking for a low rate, unsecured personal loan, and one that
will allow me to pay the loan off before the term without being
charged a penalty. Could you please guide me in the right
direction?
Overseas savings
I am UK/AUS dual citizen with money saved in both locations.
Considering the tax implications, do you think I should leave the
money in the UK or bring it all/part of it over to Australia?
Insurance on bank loan
My bank did not notify me that I was covered for illness insurance
until after my period of illness, which I had notified them of. Is
there something I can do about this?
Debt consolidation
I am looking to consolidate my debt and pay it off in the most
efficient way possible. Any suggestions?
Arranging income installments
We need to set up an account that only allows our semi-retired
uncle to withdraw/receive limited amounts of income from his
savings at a time. What would you recommend?
Trust for grandchildren
Can you advise us of an account that we can set up legally in trust
for our grandchildren?
Loan repayments
I took out a $30,000 personal loan at the beginning of this year on
a seven year term at 14.40%. Should I continue with it or restart a
new, smaller loan, to bring down the repayment amounts?
Mortgage loans
Do I have to borrow money from banks, or can I just go straight to
the markets they get their money from?
Savings accounts for kids
My children have savings accounts which relatives add to each year.
What is the best way to invest this money to produce a lump sum
that they can use to buy cars/travel when they turn 18?
Family trust
How would a family trust work for me?
Need another lender Q.Last year I fixed a construction loan at 8.79% for five
years. Just months after, interest rates plunged.
Should banks adjust investment loan interest rates?
The RBA has more than halved the interest rate Since September
2008, but my investment loan interest remains unchanged. How can I
make the bank adjust the rate?
Multiple loans
I have three loans - $130,000 and $35,000 linked to $100,000 line
of credit loan. If the line of credit loan is under its limit does
that affect my two loans?
Reversion schemes
Can you please provide advice on reversion schemes and reverse
mortgages?
Family trust
How do I set up a testamentary or family trust for my children?
Whom should I approach for more information?
Gifted money
Will I have to pay tax on gifted money?
Mortgage redraw
In a mortgage redraw situation, is the interest tax deductible for
the amount I redraw?
Moving cash
Is moving cash from a managed fund into a bank for safety a good
idea?
Joint credit card users
Why must their be a primary user in a joint-credit card
arrangement?
Banking
Can I claim a tax deduction on the interest paid on my line of
credit?
Car loan
Would the bank allow me to maintain my loan amount but trade in for
a cheaper car?
Credit or loan?
Should I get a new line of credit instead of getting another loan
from the bank?
Each week financial advisor Noel Whittaker answers your
questions.
