Ask Max: Your questions answered

Home saver accounts, transferring assets from a fund, company trustees and insurance.

PORTFOLIO POINT: Max Newnham has spent 30 years working with – and writing about – small businesses and SMSFs. Each week he draws upon this experience to answer the questions of Eureka Report members.

My daughter is saving for an apartment to live in and has saved $13,000 into a home saver account, which is one year old. She recently made some enquiries regarding a loan and was told the account could not be used for another three years.

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