August 06, 2025

Luke on 2CC – How much tax do I pay if I go back to work after I retire?

16 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, which aired live on Friday 1 August 2025. The topic for this week is: How much tax do I pay if I go back to work after I retire? There’s lots of misinformation about retirement. Luke is joined by Leon Delaney of 2CC to explore how to create and fund a retirement lifestyle that suits your needs.

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

Key topics covered include:

Will I pay more tax if I return to work after I retire with an account-based pension?

What about if I returned to work and have a defined benefit super scheme?

Why might I go back to work after I retire, even on a part-time or contract basis?

Can I get a tax deduction should I make a contribution to my super if I return to work?

Don’t forget that if you return to work, you’ll need a new super account for your employer contributions, as you can’t put new money into an account in pension phase. Yes, you can have a super fund and a pension fund at the same time!

Don’t forget about the rules around super contributions, they still apply to you even if you’re only working part-time or on a contract basis.

Working part-time or contracting can also increase the longevity of your pension over time too.

Luke positively challenges listeners to re-define how they look at their own retirement and live the life that best suits their needs.

https://www.envisionfinancial.com.au/wp-content/uploads/2025/08/The-Strategy-Stacker-Luke-Talks-Money-01082025.mp3

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

Do you need help to explore your own retirement options?

Is it time to redefine how you look at retirement? Maybe a part-time job or short-term contract can provide you with the extra income you need! Make an appointment to meet with Luke about a retirement plan.

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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