The Strategy Stacker - Luke Talks Money

By Luke SmithSociety & Culture Business Education Kids & Family Investing

The Strategy Stacker - Luke Talks Money episodes

October 08, 2024Luke on 2CC – How to minimise tax on the sale of an asset
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 4 October 2024. Leon’s back in the studio this week. Last week Luke and Nicole talked about the demise of negative gearing and the impact on people who have invested in property.
This week’s topic asks the question: How do you minimise tax on the sale of an asset, such as an investment property that you no longer wish to hold? 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:
Consider your own situation, as everyone’s situation is different.
Can you maximise your superannuation contributions in the year of sale? Timing is key.
Remember you have an annual limit and a catch-up limit too when it comes to tax deductible super contributions.
Hold your assets for at least 12 months before selling them.
Can you use carry forward losses from the past to offset current gains?
Can you create a new carry forward loss in the same year you’re selling an asset?
If you’re selling a portfolio of things, spread out the timing across years and after you retire to make the most of your opportunities!
Don’t forget the 6-year rule in regard to the primary residence.
Don’t forget about the cost base issues.
Understand the challenges and benefits before you make the sale transaction – seek financial planning advice and tax accounting advice.
Luke shares his top strategies for thinking about selling assets and seeking tax advice to minimise tax.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/10/The-Strategy-Stacker-Luke-Talks-Money-04102024.mp3

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

Do you need help with selling assets and investing or retiring?
Making a capital gain means you’ve made money, which is great. But you should also think about the tax consequences of selling an asset. Luke says it’s best to seek advice before you sell so you understand the options available to you.
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. 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. You can 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.
0 min
October 01, 2024Luke on 2CC – Is negative gearing dead? How will it impact you and your investments?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 27 September 2024. Leon’s out of the studio this week so Luke is joined by Nicole Overall to talk about negative gearing.
House prices and negative gearing have been making lots of headlines as the Federal Government talks about changing the rules. This week’s topic asks the question: Is negative gearing dead? And what does it mean for you and your investments? It’s a wide-ranging discussion covering property, negative gearing, capital gains tax, and more. 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:
Luke’s view on landlords and a population that rents
Will the removal of negative gearing really fix the housing crisis, or will it add to it?
The reality: Negative gearing isn’t as beneficial as it once was
Investors deserve to get a return on their investment, even property investments
Are there too many disincentives to generating wealth?
Property will always be in demand in the creation of wealth – Are we too risk adverse?
Canberra has extra taxes which is causing people disincentive to invest in Canberra property and impacting rentals
What about the proposed CGT Tax change?
Even property investments have risk
What impact will grandfathering have on supply?
People should make decisions about their own investments and do what’s right for them.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/10/The-Strategy-Stacker-Luke-Talks-Money-27092024.mp3

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

Do you need help with investing for your future needs?
Many people are attracted to investing in property as they see it as a real asset they can see and touch. Negative gearing though is not attractive as it used to be and if they change the rules, it might die completely. If you need help creating a diversified investment portfolio, seek personal financial advice.
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. 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. You can 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.
19 min
September 24, 2024Luke on 2CC – How to salary sacrifice and make personal deductible contributions at same time to lower your tax
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 20 September 2024. The topic this week is how to salary sacrifice into super and make personal deductible contributions at the same time to lower your personal income tax. Australian’s love a tax deduction, but many people don’t understand the different ways to do it. This episode aims to provide some general financial information about how to contribute to your super for your retirement. Thank you for joining us live on 2CC or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
What is the different between a personal contribution to super and a salary sacrifice contribution?
Don’t forget to complete your ‘notice of intent to claim a tax deduction form’, send it to your super fund if you make a personal contribution
If you’re making a personal contribution, could you use money from an offset account?
Are there any differences between the two options?
Can you use both strategies at the same time?
The limits you can put into apply to both ways to make contributions
When might salary sacrifice be the right option for you?
When might you use personal contributions?
When might you use both contributions methods?
Why it’s important to consider your personal situation and circumstances and goals
Luke shares his top tips to help you start thinking about contributing to super and getting a tax deduction
https://www.envisionfinancial.com.au/wp-content/uploads/2024/09/The-Strategy-Stacker-Luke-Talks-Money-20092024.mp3

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

Do you need help with superannuation or retirement planning?
Have you unlocked your tax deduction by making a personal contribution to super. a salary sacrifice contribution to super or by doing both? Choose the path that’s right for you and seek advice if you need help to make the most of your retirement savings.
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. 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. You can 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.
0 min
September 23, 2024Luke on 2CC – Residential property – Does gearing still work? What should you consider before you invest in property?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 13 September 2024. The topic this week is residential property the right investment. Australians love a residential property investment but is it really the right investment for your goals? This episode aims to provide some general financial information about this type of investment including the issues to consider before you make the decision to buy. Thank you for joining us live on 2CC or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
Why do Australians like property?
A tax deduction is NOT the right reason to buy and investment property
What type of property do you want to buy?
Does the property match up with your goals – income, holding costs, the structure you own it in
Negative gearing – is it still attractive as it used to be?
Property doesn’t have to be residential – it could also be commercial and industrial property (including holding your property in a SMSF)
Ownership structures also matter – pro’s and con’s the ways of owning different assets, make the right decision at the start
It’s very expensive to change ownership structures if you get it wrong
SMSF rules and property ownership – there are rules around use, borrowing and maintenance costs
Luke shares his top tips to help you start thinking about converting preference shares.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/09/The-Strategy-Stacker-Luke-Talks-Money-13092024.mp3

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

Do you need help with investment planning and management?
Investing in property just to get a tax deduction, probably isn’t the right reason to invest. There’s more to consider to make sure you’re making the most of your savings. Seek financial advice if you need help.
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. 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. You can 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.
0 min
September 13, 2024Luke on 2CC – Are converting preference shares or hybrid shares part of your investment portfolio?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 6 September 2024. The topic this week is Converting Preference Shares and your investment portfolio. While most of us have heard about shares, we might not have heard about Converting Preference Shares. This episode aims to provide some general financial information about this type of investment and how and when it might be used. Thank you for joining us live on 2CC or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
Whare are converting preference shares or hybrid shares?
Why are they useful for retirees?
How long do these shares last for?
How are the rates determined?
How liquid are these kind of shares?
How risky are converting preference shares to cash, term deposits or just normal shares?
Can you purchase these shares through an Exchange Traded Fund?
Does your super fund or pension fund have these on their investment menu?
Investors can also hold these outside of super and pension accounts too.
Why is it important you understand how they work given the complexity of how they work.
So are they more like a share or more like a fixed interest?
Luke shares his top tips to help you start thinking about converting preference shares.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/09/The-Strategy-Stacker-Luke-Talks-Money-06092024.mp3

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

Do you need help with gifting as part of your retirement planning?
Have you heard of converting preference shares or hybrid shares? Perhaps they could be suitable for your investment or retirement portfolio. Make an appointment to seek financial planning advice if you need help.
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. 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. You can 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.
19 min
September 02, 2024Luke on 2CC – Gifting and Centrelink, what you should know
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 30 August 2024. For many Australians a financial gift to adult children or grandchildren to help them on their own journey is something that many wish to do. It might be money they’ve saved or received from an inheritance. This episode aims to provide some general financial information about the implications of Gifting upon Centrelink. Like all financial matters, it makes sense to understand the financial implications of decisions before you enact them. Thank you for joining us live on 2CC or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
Be aware you are free to gift assets to who you like.
There are however implications around gifts if you receive or want to receive benefits from Centrelink.
What is the asset test and the income test? Gifting is part of the Centrelink assessment.
How much can you gift to be impacted? Is there a time frame too?
How does Centrelink treat the assets you have gifted?
Is gifting just cash? Or is it other assets too?
Does moving money between spouses trigger gifting rules? No, it doesn’t!
Do the rules apply per person or per couple?
Can I spend money on my house to reduce my assets for the Centrelink test? Yes you can!
Luke shares his top tips to help you start thinking about gifting and Centrelink.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/09/The-Strategy-Stacker-Luke-Talks-Money-30092024.mp3

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

Do you need help with gifting as part of your retirement planning?
Seeking advice around retirement planning can help you make better financial decisions and provide more certainty around your retirement income. Make an appointment if you need help.
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. 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. You can 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.
19 min
August 27, 2024Luke on 2CC – How to maximise income from your portfolio
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 23 August 2024. Anyone who invests cares about the income and return they receive from their investment portfolio, but it becomes even more important when you’re about to retire from work. This episode aims to provide some general financial information about investment, super and retirement for pre-retirees or those thinking about retirement in the next 5-10 years. Thank you for joining us live on 2CC or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
How much income do you need in retirement?
How do you work out the capital amount you need to generate the income you need?
Different assets have different purposes, some assets don’t provide great income streams.
All assets also carry some risk.
Think about why you are buying an asset – is it generate income or is it to generate growth?
What types of assets can you use to generate income in retirement?
Can franking credits help your retirement income?
Are you in a super fund that allows you to manage your retirement income?
It’s really important to understand where your return is coming from, so you’re living on the income, not eating up your capital.
Luke shares his top tips to help you start thinking about how to use the contribution rules given different life situations.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/08/The-Strategy-Stacker-Luke-Talks-Money-23082024.mp3

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

Do you need help with investment or retirement planning?
Planning a trip is like planning for your retirement. It pays to know where you’re going before you actually pack you bags and leave! Seek financial planning advice if you need help to plan your income. It will allow you to retire with more certainty and enjoy the days ahead.
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. 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. You can 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.
17 min
August 21, 2024Luke on 2CC – How to get the maximum into super and lower your tax
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 16 August 2024. Those who work enjoy the contribution their employer makes to super for them, but it surprises many to learn that there are limits on what you can put in. It’s quite strange really, as you think the government would be trying to encourage everyone to save more so they have to pay less in the form of Centrelink Pensions. This episode aims to provide some general financial information about super contribution types and limits. Thank you for joining us live on 2CC or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
There are two types of super contributions, contributions with deductions and contributions without deductions.
Contributions with tax deductions, there’s a $30,000 limit you can put in (this limit includes the contributions your employer makes for you)
Contributions without tax deductions, there’s a $120,000 limit you can put in.
But you can put in up to 3 years worth of contributions without tax deductions, but know you’re locked out from contributing more for the financial year you do it and the two financial years after it. There are additional rules around it – so know the rules before you make a decision to contribute.
Is there an age limit to making super contributions and getting a tax deduction? Yes, it’s 67 years, but higher if you’ve worked 40 hours in a month.
Is there an age limit to making super contributions and not getting a tax deduction?
How does the downsizer legislation work and what is that limit?
Can I use the limit amounts I haven’t used in the past 5 years and get a tax deduction?
Luke shares his top tips to help you start thinking about how to use the contribution rules given different life situations.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/08/The-Strategy-Stacker-Luke-Talks-Money-16082024.mp3

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

Are you ready to make more of your super or start retirement planning?
Are you making the most of your superannuation contribution limits? There’s some strategic reasons for claiming tax deductions, and there are also some reasons not to. Seek advice if you need help to make the most of your retirement savings. tax and Centrelink position.
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. 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. You can 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.
0 min
August 14, 2024Luke on 2CC – Seven deadly taxes
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 9 August 2024. This show this weeks show looks at seven deadly taxes. We’re not talking about income tax, capital gains tax or the GST, but the taxes of situations and behaviour that slow progress towards our goal. This episode aims to provide some general financial information about how to manage your money better. Leon s starts the topic by talking about ‘the loyalty tax’. Thank you for joining us live on 2CC or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
The tax of lazy or the procrastination tax
The tax on time
The tax of poor financial education
The tax of emotional decision making and stress
The tax of vanity
The tax of peer pressure
The tax of fraud
Luke shares his top tips to help you start thinking about these takes to help you make smarter money decisions.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/08/The-Strategy-Stacker-Luke-Talks-Money-09082024.mp3

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

Are you ready to take control and move forward towards your goals?
Have you thought about the factors that are slowing you down from reaching your goals? Seek financial planning advice if you need help. A financial planner can be a great educator, sounding board and accountability buddy to help you reach your goals more effectively.
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. 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. You can 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.
18 min
August 03, 2024Luke on 2CC – How do you judge a good super fund?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 2 August 2024. This show this weeks show looks at superannuation. Every working Australian has a super fund helping them save for retirement, but how do you judge a good super fund from a bad super fund?. This episode aims to provide some general financial information about how you might think about it, when considering your superannuation. Thank you for joining us live on 2CC or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
Which one is the right one for you?
Super funds are like cars, you’ve got to find the best one for your own needs!
What questions should you ask yourself to help you find the right fund?
At retirement, your needs will change, so should your questions about what makes a ‘good fund’.
Does your fund offer a good selection of investment options and insurance options?
Consider the risk you’re willing to take on in the investment options?
Cost is also an interesting issue to consider cost from a value perspective, not just how cheap it is!
Luke shares his top tips to help you start thinking about how good your own supe.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/08/The-Strategy-Stacker-Luke-Talks-Money-02082024.mp3

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

Is your super fund right for you now or in retirement?
Many people get put into the default super fund their employer uses and never consider if it’s the right fund for their needs. Seeking financial advice can help you understand your options and move forward with greater certainty. Super is important, so make a plan to make yourself financially secure in retirement!
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. 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. You can 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.
16 min

About The Strategy Stacker - Luke Talks Money

From the publisher's feed

Luke Smith is The Strategy Stacker. He's an experienced financial planner and each Friday afternoon talks about money with Leon Delaney on 2CC Talking Canberra. Luke's down to earth approach breaks…