February 03, 2025

Luke on 2CC – How to use an in specie transfer to boost your super

16 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 31 January 2025. The topic for this week is: How to use an in specie transfer to increase your super without using cash. Many people don’t realise that assets other than cash can be put into a super fund. This includes property and shares you hold in your own name.

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:

What is an in specie transfer?

Does this cause a tax event like the sale of an asset would?

What types of assets can you transfer using an in specie transfer?

Remember your contribution limits, ensuring you’re eligible to make a contribution.

Can you claim a tax deduction for an in specie transfer into super?

Timing could also play a part, it might be better to wait to you retire before you make the transfer

How does capital gains tax work?

Luke shares his tips around in specie transfers into super.

https://www.envisionfinancial.com.au/wp-content/uploads/2025/02/The-Strategy-Stacker-Luke-Talks-Money-31012025.mp3

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

Is an in specie transfer the right super strategy to help boost your retirement savings?

In specie transfer allows you to move assets other than cash in to your super. Not all super funds offer this capability so check first! Remember to seek tax advice too as it may make or break the use of this strategy.

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 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 and Luke’s book Smart Money Strategy is out now.

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