March 09, 2025

Luke on 2CC – What happens to my super when I retire?

15 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 7 March 2025. The topic for this week is: What happens to my super when I retire and how do I draw income to live? Across our working lives we accumulate super from employer contributions and from our own contributions. But what happens at retirement? How do your turn super into income? In this episode our own Financial Planner Luke Smith explores your options and some are better than others!

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:

Have you met a condition of release? This is a rule around when you can access your super.

What are the two ways money can access money from super at retirement?

Pension payments can very across different time frames.

How much will you need to live on in retirement?

Asset allocation and risk also need to be considered – consider the resources you have to generate the income you need

Would you consider part-time work as part of your resources in retirement?

Can really you work in retirement? How does that work?

Remember, pensions from super offer tax-free income in retirement and are worth considering.

Luke shares his top issues to consider around turning super into a retirement income.

https://www.envisionfinancial.com.au/wp-content/uploads/2025/03/The-Strategy-Stacker-Luke-Talks-Money-07032025.mp3

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

Are you considering your own retirement plans in 2025?

Of course, everyone will make a plan to retire and one of the key considerations to explore is how you will generate the retirement income that you need. It can be complicated, especially if you need to consider Centrelink issues too. Make an appointment if you need assistance and get the personal advice you need to retire with confidence.

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

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