October 13, 2025

Luke on 2CC – How do I start a pension from my super?

17 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, which aired live on Friday 10 October 2025. The topic for this week is: How do I start a pension from my super fund? Don’t be confused by the word pension, this has nothing to do with the Centrelink aged pension, it’s about turning your superannuation into a retirement income stream. Luke is joined by Leon of 2CC.

Thank you for joining us live on 2CC, YouTube, Spotify or your favourite podcast streaming service for ‘The Strategy Stacker – Luke Talks Money’.

Key topics covered include:

What do you need to do to access your super? You need to meet a condition of release.

At retirement, you don’t need to cash out your super at retirement

You simply switch hats, from an accumulation hat (money going in) to a pension hat (money coming out)

Did you know once you start a pension from your super, the tax on your money fall from 15% to 0%.

That’s right, earnings on the pension from you super are tax free in retirement.

Equally, you can sell investments in the pension phase and there is on capital gains tax either.

You can start a pension from you super by talking to your super provider to see if they offer a pension from super product – an account-based pension

Yes, there’s paperwork to start a pension from super so you will need to complete some forms

How often would you like your pension paid to you?

Is there a minimum amount of pension income you need to take each year?

If you haven’t fully retired, you can still take some money from your super, it’s called a transition to retirement

Can you use a transition to retirement strategy to pay off the mortgage with tax free money?

What are the benefits of bolstering your super before you retire?

What if you want to take all the money out of your super or pension, can you?

Are transition to retirement pensions tax free too, if you’re not fully retired?

Luke shares his top tips when considering turning your super into a transition to retirement pension or account-based pension.

https://www.envisionfinancial.com.au/wp-content/uploads/2025/10/The-Strategy-Stacker-Luke-Talks-Money-10102025.mp3

Our podcast is also available on Apple Podcasts, Spotify and YouTube – ‘The Strategy Stacker – Luke Talks Money’

Do you need help starting a pension from your super?

Retirement planning can be complex. Most people don’t deal with super and retirement like a financial planner does or understand the strategies available. Use the expertise of a financial planner if you need to. Make an appointment to meet with Luke.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement (including transition to retirement). Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your own goals and situation.

Luke will return to 2CC to talk about other ‘Money Matters’ next week, we hope you can join us. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again. Luke’s book Smart Money Strategy is out now.

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By Luke Smith