written by
Mark Gannon

Should I give my kids their inheritance now?

Finance 1 min read

Q. I am 72, single (divorced) and own a mortgage-free home worth around $1.5 million. I have $610,000 in an industry super fund.

I receive $14,000 a year from an overseas pension and I also receive $14,000 a year from passive income. I have $67,000 in shares outside super and about $70,000 in cash deposits.

This means I receive about $60,000 a year in income, including the 5% taken from my super.

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Finance