The Strategy Stacker - Luke Talks Money

By Luke SmithSociety & Culture Business Education Kids & Family Investing

The Strategy Stacker - Luke Talks Money episodes

May 24, 2022 Luke on 2CC – Changes to the super work test!
The Super Work Test – Going going gone! (For some contributions)
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 20 May 2022. They start the show talking about each of the parties plans to help first home buyers in the lead up to the federal election. Luke shares his views about keeping your super for your retirement. This week’s topic though is: The Superannuation Work Test – It not longer applies to some contributions.
Key topics covered include:
– What is the current work test?
– Changes from 1 July 2022 mean that you can now be up to 75 years of age and put money into super, provided you don’t claim a tax deduction for that contribution.
– Remember, there are limits on the amount of money you can put into super, and these limits still apply.
– You also need to take into account your total superannuation balance too.
– What are the advantages of this change, especially for those downsizing their home?
– Why might you want to equalise your accounts, especially if one spouse has reached their transfer balance cap?
– Taxable contributions might also be returned as non-taxable contributions for estate planning purposes.
– Luke offers his insights into the change of the work test.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/05/The-Strategy-Stacker-Luke-Talks-Money-20052022.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need financial planning advice around super contributions?
Changes to the super work test mean that there are some new contribution, retirement and estate planning strategies. If you need assistance please seek advice before you make a decision.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
19 min
May 16, 2022Luke on 2CC – 5 top super questions before 30 June
Luke shares his top 5 super questions in the lead up to the end of the financial year
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 13 May 2022. Luke starts the show by talking about old fashioned great service. This week’s topic: Luke shares his top 5 client questions and answers on superannuation as we approach the end of financial year.
Key topics covered include:
I’ve reached my limit of $27,500 dollars into super, can I get money into super in any other way?
How can I increase my deductions before the end of June if I already salary sacrifice into super?
Do I have to still be working in order to put money into super?
Can I start a pension from my super and get money out of super if I am still working?
Do my kids pay tax on the super that they receive should I die?
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/05/The-Strategy-Stacker-Luke-Talks-Money-13052022.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need financial planning advice around super?
There are some great super opportunities you may take advantage of before 30 June. Seek advice if you need assistance.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
17 min
May 09, 2022Luke on 2CC – Super Splitting Strategy – Can you retire sooner?
Are you a different age as your spouse? This retirement planning strategy might be for you.
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 6 May 2022. This week’s topic: The Super Splitting strategy – What is it? How can it help you retire at the same time as your spouse or pay off your home loan sooner?
Key topics covered include:
How can you share your super with your spouse – what is the super splitting legislation?
How much can you put into super?
What amount of your super can you split?
Would you like to retire the same age as the older spouse?
Remember – Super splitting needs to happen every year – it’s not set and forget.
Do all super funds offer super splitting?
How do you go about the process of splitting super?
Apart from retiring sooner – what other reasons are there to split it – e.g. paying off the mortgage sooner
Luke share’s his key take-outs for considering this strategy and as always seek advice.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/05/The-Strategy-Stacker-Luke-Talks-Money-06052022.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need financial planning advice around super splitting?
The Super Splitting Strategy can allow couples to retire at the same time. Would you like to retire sooner and start travelling? As always, seek advice if you need help.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
19 min
May 04, 2022Luke on 2CC – Investment structures, where to hold assets?
Investment structures: Investing is not just about what assets you buy.
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 29 April 2022. This week Leon returns from holidays after enjoying the Easter break in Queensland. This week’s topic: Where can you hold your assets? What investment structures might you consider?
Key topics covered include:
What are they ways you can buy an asset?
What’s the difference between owning something jointly and as in tenants in common?
Use this approach – What is my strategy (or goal), what is my structure, then what is my actual investment?
Some structures have advantages over others, and it’s good to think long-term
Have the structure set up before you buy the investment
A question from a listener: How much can I put into super?
Who is going to control the structure you use if you don’t buy it in your own name?
Luke share’s his key take-outs for considering structures and as always seek advice.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/05/The-Strategy-Stacker-Luke-Talks-Money-29042022.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need financial planning advice around investment structures?
Before you buy an asset, it’s worth spending some time thinking about what investment structure you will hold it in. Making the wrong decision might cause unintended consequences. Seek advice if you need help.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
18 min
April 26, 2022Luke on 2CC – Family trust
What is a family trust? Why would you use one?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 22 April 2022. This week Luke joins the show from Adelaide, where he’s been attending a specialist SMSF conference. Leon’s still on Easter break but will be back next week. This week’s topic: The Family Trust. It’s a special kind of structure and worth a closer look if you don’t know about it.
Key topics covered include:
What is a family trust?
Why would you use one?
Do earnings need to be distributed each year from a trust?
Who can get the income from a trust?
Are family trusts only for the very rich?
When should you consider a family trust – before you make an investment?
What should you consider before setting up a family trust?
Why planning is important?
Things a trust cannot do!
Luke share’s his key take-outs for considering trusts and as always seek advice.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/04/The-Strategy-Stacker-Luke-Talks-Money-22042022.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need financial planning advice around a family trust?
Family Trusts – Can help protect assets and offer other benefits. But they are not for everyone. Seek personal advice to see if a family trust is right for you.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
17 min
April 12, 2022Luke on 2CC – Downsizer legislation – The rules are changing!
Are you thinking about downsizing your home to boost your super – the rules are about to change.
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 8 April 2022. They start the show this week about talking about the value of advice – and how one of Luke’s clients had tears of joy this week about being able to retire 5 years earlier than they thought they could. This weeks topic looks at the changes to the downsizer legislation. These rules help retirees put more money into their super than they normally can by downsizing their home in retirement.
Key topics covered include:
What is the downsizer legislation?
What amount can you add to your super?
The change: you now can be 60 years of age to sell your home (from 1st July 2022) , not 65 to take advantage of the legislation
There are other rules you must consider when using this legislation to boost your super
What about the transfer balance cap?
Do other superannuation caps apply?
Remember, money out of a pension is tax free once you’re aged 60 over
Luke shares his top tips when thinking about downsizer legislation
Seek advice to be more confident in your investment, super and retirement outcomes.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/04/The-Strategy-Stacker-Luke-Talks-Money-08042022.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need financial planning advice about super and retirement?
From 1 July 2022 people aged 60 and over can boost their super with these rules, by downsizing their home. Seek financial advice if you need help to make the most of this opportunity.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
18 min
April 04, 2022Luke on 2CC – Tax deductions, June 30 is around the corner
Are you ready to make the most of your tax deductions?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 1 April 2022. This weeks topic looks at the end of financial year which is really just around the corner. Are you aware of your tax deductions and will you make the most of them before June 30?
Key topics covered include:
Start planning your end of financial year matters now – give yourself time
Concessional super limits – what is your cap space to get a tax deduction for contributing to your super?
Did you know you can reduce capital gains tax by making a super contribution?
What’s the benefit of starting a pension before the end of the financial year?
How can you fund a deductible contribution to super?
Some strategies take time to set up – so give yourself time to implement.
The benefits of seeking advice before you make big decisions
What are the things you can pre-pay now to get a tax deduction?
Luke shares his top tips when thinking about tax deductions and 30 June
Seek advice to be more confident in your investment, super and retirement outcomes.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/04/The-Strategy-Stacker-Luke-Talks-Money-01042022.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need advice around end of financial year financial planning?
Will you make the most of your tax deductions this end of financial year? There might be some tax deductions that you’re missing. Seek advice if you need assistance.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
19 min
March 28, 2022Luke on 2CC – Investment decisions and market volatility
Can you invest in times of market volatility?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 25 March 2022. The investment world might seem like a very volatile place right now. What we’re seeing out of Europe is having an effect on prices of some items, even here in Australia. This weeks topic looks at market volatility and investment. What do investors need to know at times like this and is there opportunity?
Key topics covered include:
What has been happening to investment markets in 2022?
It’s time in the market – not timing the market.
Why would I sell assets and buy them back right now?
Do you think you pick the bottom of a market?
What is dollar cost averaging?
Can you sell and buy back in a different structure?
What assets should you buy? Don’t forget about diversification.
Luke shares his top investment tips to consider during difficult times
Seek advice to be more confident in your investment, super and retirement outcomes.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/03/The-Strategy-Stacker-Luke-Talks-Money-250322.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need advice around planning your own investments?
At times like this many wonder about investments. But is there opportunity in the volatility? Luke shares some insights on this topic in the latest podcast. See 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. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
19 min
March 15, 2022Luke on 2CC – The investment menu of your super fund
Investment menu’s in super – How much choice do you get?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 11 March 2022. Luke joins Leon back in the 2CC studios this week. They start they jump straight into this weeks topic: What is the investment menu for your super fund?
Key topics covered include:
Do you know what investments are options are for your super fund?
The list to look for is ‘the approved investment options’
To find your list, go to the funds website and search for investment list or investment guide
Beware of terminology – a balanced option might not actually be balanced in terms of growth and defensive assets
Also think about how much risk you’re willing to take when thinking about growth assets – it’s like the speed of a car, how fast will you go? What are the consequences of going too fast or too slow?
Some funds also place limits on how much you can invest in an individual option – these are called ‘weighting restrictions’
What should you keep in mind when considering the investment menu?
What if I’m in something like the PSSap?
Why might you consider ETFs and Shares? How will you blend your investments?
When should you be looking at the investment menu and how often should you look at it?
Luke shares his top tips to consider when looking at super investment menus.
Seek advice if you need help to navigate your options.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/03/The-Strategy-Stacker-Luke-Talks-Money-11032022.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need advice around your super investment options?
Have you ever looked at the investment menu of your super fund? Some funds offer not much choice, other funds offer you more. Seek advice if you need help to navigate your options.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
0 min
March 06, 2022Luke on 2CC – How do Pension Accounts differ?
Pension Accounts – They are not all the same
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 4 March 2022. Luke joins Leon back in the 2CC studios this week. They start the show with the briefest of chats about what’s going on with the currency right now in Russia. This weeks topic though is one much closer to home and especially those starting their retirement planning. How do pension accounts differ?
Key topics covered include:
What is a Pension Account?
A pension from Centrelink is not the same as a Pension Account from your super.
How do you start a Pension Account and how often can you get paid from it?
What are the advantages of an Account based pension?
How does it compare to a Transition to retirement pension?
How does it compare to the Centrelink Pension?
And what about defined benefit income streams – government pensions like CSS and PSS, DFRDB and MSBS?
What is the transfer balance cap?
Luke shares his top tips to consider before starting a pension account or retirement income stream
Seek advice to be more confident in your super and retirement outcomes.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/03/The-Strategy-Stacker-Luke-Talks-Money-04032022.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need advice around planning your own retirement income?
Pension Accounts – They might sound all to be the same at first glance. But when you take a closer look there are real differences. Seek 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. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
19 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…