Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, that aired live on Friday 4 September 2026 with 2CC’s Leon Delaney. The topic is: What happens to super when you pass? Luke shares his experiences from real clients. Making sure you understand how it works is important, you don’t want to be caught by surprises when something happens to a loved one.
Thank you for joining us live on 2CC, YouTube, Spotify or your favourite podcast streaming service for ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
- Have you thought about or had a discussion about what happens to your super when you pass?
- Generally, there are two ways that your super can get transferred to a nominated beneficiary – (1) Taken as a lump sum or (2) take it as pension called as a death benefit pension.
- Taxation may apply depending on your age.
- What about your pension if you’re retired? Is it reversionary or non-reversionary to your partner or spouse if you have one?
- Remember a pension can’t be paid to a non-dependant, for example an adult child.
- It’s a decision tree approach to help you achieve what you’re looking to achieve – seek advice if you need help.
- Understand what your fund does in the event of your death. Not all funds are the same. Some funds are better than others, and some funds are horrible.
- Some funds for example don’t offer a pension option, which limits your options.
- Remember superannuation is not controlled by your will.
- Remember binding nominations can lapse.
- How can money come out to adult kids (a non-dependent child) – can you use a recontribution strategy to reduce tax or transfer money to your Estate to control the distribution?
- There might be also reasons why you don’t direct it to your estate, eg if you have a blended family.
- Luke shares his top tips thinking about super death benefit pensions.
- Remember to seek advice if you need help. Good estate planning advice is worth it for peace of mind.
Our podcast is also available on Apple Podcasts, Spotify and YouTube – ‘The Strategy Stacker – Luke Talks Money’
Do you know what will happen to your super if you pass? Are you in the right fund for your needs?
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including insurance, 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. 
