November 15, 2020

Luke on 2CC – Downsizing legislation and the retirement opportunity

19 minutes

Downsizing legislation may help you live a better retirement

Luke Smith joins 2CC Talking Canberra 1206AM. The Money Show aired on Friday 13 November 2020 and the topic: What is downsizing legislation and how can it help your super savings for your retirement?

Financial Planner Luke Smith takes a deep dive into downsizing legislation and looks at the retirement opportunities it provides people. It can be complicated, so seek advice if you need to. Luke and Leon start the show talking about ‘old fashioned common sense’. Sadly it’s not so common these days!

Key highlights include:

What is downsizing legislation?

How old do you need to be to take advantage of it?

Did you know you can use the downsizing legislation, even if you’re not working?

An account-based pension allows you manage tax and gives you access money

What are the restrictions or limits on downsizing legislation?

How long have I got to get the money into the super once the sale has happened?

What other pieces of paperwork do I need to be aware of and complete?

Does this impact Centrelink entitlements?

Luke’s key take-outs for using the downsizing strategy

A free appointment offer to talk about your own financial planning issues. Everyone has different goals and financial planning advice can help you achieve them more effectively, especially when you link different strategies.

Listen to the Podcast right now

https://www.envisionfinancial.com.au/wp-content/uploads/2020/11/The-Strategy-Stacker-Luke-Talsk-Money-13112020.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need advice around the downsizing opportunity?

Seek financial advice to make sure the downsizing legislation provides you with you what you’re seeking to achieve.

Luke Smith at Envision Financial can help you set up a financial planning strategy to help you achieve your investment and retirement goals. We’re very pleased to let you know that we’ve returned to the office for appointments given Covid-19.

Envision 2CC offer: Your first appointment is at our cost. Make an appointment to confidentially discuss your own investment, super or retirement goals. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.

Luke will return to talk about financial planning on 2CC next Friday from 4.30pm. Listen live or visit our website again to catch up on the podcast. You can also check out our YouTube Channel at Envision Financial Canberra.

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By Luke Smith