Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 12 February 2021. This week’s topic: What is an account-based pension and how does it work?  But before they start talking financial matters, Luke is more than just a little excited, he’s just taken his first ride in a helicopter and arrived at 2CC in the field next to the car park. You’ll hear in his voice how much he loved it. 

In recent weeks Luke has looked at growing your super. Last week he spoke about transitioning to retirement from full time work. This week Luke explores the account-based pension. Many Australian’s use this investment vehicle to turn their superannuation savings into a retirement income stream.

Key highlights include:

• You’re retiring from the workforce and you want to turn your super into pension payments to help fund your retirement
• Underlying investments don’t need to change – despite what some people might think
• Pension payments can be taken fortnightly, monthly, quarterly or even less often, depending on what your provider offers 
• Earnings on account-based pensions are tax free. And if you held shares or other investments in the fund, you don’t pay capital gains tax when you sell them in this pension phase. 
• The transfer balance cap however does apply if you have more than $1.6 million in your pension fund. 
• So what is the transfer balance cap and how is this tax calculated? 
• Why is the transfer balanced cap indexed? 
• Once you start a pension, can you add more contributions to super?
• What are the Centrelink implications of an account-based pension?
• It’s possible to have an account-based pension and a Centrelink pension, depending on your circumstances
• Explore the other benefits too – discounts on electricity, licensee fees and pharmaceuticals, they all add up
• Some strategies to think about while considering your own plan for retirement
• A free appointment offer to talk about your own financial planning goals. Everyone has different goals and financial planning advice can help you achieve them more effectively, especially when you link different strategies.

Listen to the Podcast right now

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

Do you need advice to set up a retirement plan?  

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Retirement planning can be complicated, but the good news is you can make an appointment to speak with Luke about your superannuation and retirement strategy – including the account-based pension.

Envision 2CC offer:  Your first appointment is at our cost. Make an appointment to confidentially discuss your own investment, super or retirement goals. 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.

Luke Smith joined 2CC Talking Canberra 1206AM.
The Money Show aired on Friday 24 April 2020 and the topic: Retirement planning and Covid 19.

In today’s topic Financial Planner Luke Smith joins Leon to explore the issues around retirement planning during the unusual times we find ourselves in. Is it still possible to retire with everything that’s going on right now? Luke begins the conversation by reminding us that this too shall pass.

Key highlights include:

• Think about your income requirements over the next 12-18 months
• Keeping a percentage of your portfolio in accessible cash
• The impact of retirement – it’s a change, even without covid 19 being around
• You still can retire now, if you’re ready to
• Think about your own current situation and needs
• Is it full time retirement or will you still be working part time?
• Are there other things you can do and look at to keep more control?
• The key things to remember when thinking about retirement during Covid 19
• An offer to have a chat and seek financial advice about your own retirement planning

Listen to the Podcast right now

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

Would you like some advice around your own retirement plans?

Make an appointment to catch up with Luke over the phone or via video conference. Appointments at the office will return once the Covid-19 has passed.

Envision 2CC offer:  Your first appointment is at our cost – even over the phone or by video chat. Make an appointment to confidentially discuss your super and financial matters. 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 Talking Canberra next Friday from 4.30pm. Tune into listen live or visit our website again to catch up on the podcast. You can also check out our YouTube Channel at Envision Financial Canberra.

Luke Smith joined 2CC Talking Canberra 1206AM.
The Money Show aired on Friday 31 January 2020.

Sadly the fires to the south and east of Canberra continue, so this podcast is a little shorter than usual given 2CC fire updates. In the latest podcast, Luke and Leon continue to explore what retirement looks like. Does retirement really mean an end to work altogether? What about the decades of experience you have? 

Key highlights include:

• What does retirement actually mean to a person?
• Is it just about age or should it be more about the income you can generate to do what you’d like to?
• Did you know you can have a side hustle after leaving full time work?
• Have you thought about how you will you fill your days?
• What happens once you open the door to your superannuation?
• Will the transfer balance cap apply to me?
• What are some strategy options should you consider before retiring?
• Make the most of your opportunities, as well as the offer to seek advice with Envision Financial.

Listen to the Podcast right now

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

Do you need help with your retirement plan?

Let us help you get your retirement plans in place.

Envision 2CC offer:  Your first appointment is at our cost. Make an appointment to confidentially discuss your financial situation and life after full-time work goals. 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 Talking Canberra next Friday from 4.30pm. Tune into listen live or visit our website again to catch up on the podcast. You can also check out our YouTube Channel at Envision Financial Canberra.

Luke Smith joined 2CC Talking Canberra 1206AM.
The Money Show aired on Friday 24 January 2020.

What a year it’s been. The podcast kicks off with Luke and Leon reflecting about the state of the world and how nice it would be for things to settle down. In the latest podcast, Luke explores some of the key things people should consider before retiring or at retirement when it comes to generating an income from super. Did you know that you can change providers? 

Key highlights include:

• What is a pension account or more formally called ‘account based pension’
•  How do you get one? 
•  Can you take a lump sum if you need to or is it just pension payments?
•  Can you change providers or are you stuck with your current super provider?
•  What are some of the key things you should look for in a pension fund?
•  Is there a minimum you need to withdraw from a pension fund over a year?
•  Are there strategies you might consider before setting up a pension or during a pension?
•  What is transition to retirement and super splitting and how might they help you retire?
• Make the most of your opportunities, as well as the offer to seek advice with Envision Financial.

Listen to the Podcast right now

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

Do you need help in setting up or checking your retirement plan?

Let us help you get your retirement plans in place.

Envision 2CC offer:  Your first appointment is at our cost. Make an appointment to confidentially discuss your financial situation and  financial goals. 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 Talking Canberra next Friday from 4.30pm. Tune into listen live or visit our website again to catch up on the podcast. You can also check out our YouTube Channel at Envision Financial Canberra.

Luke Smith joined 2CC Talking Canberra 1206AM.
The Money Show aired on Friday 9 August 2019.

Investment income – it plays an important income in growing your wealth when you’re working and funding your spending in retirement. But how do you cut up the investment pizza to generate good income? In this podcast Luke takes a closer look at the key issues to consider.

Key highlights include:

• Why is income important in an investment portfolio?
• What’s the difference between share price and share income?
• Why shouldn’t you follow your friends investments?
•  Where does good income come from and what’s net yield?
• How much income do actually you need?
• Why is investment structure also important?
• An offer to trail our knowledge centre which is full of information, videos and calculators at no cost. Checkout our online calculators too.

Listen to the Podcast right now

Also available on Apple Podcasts 

Would you like help to understand your investments and super?

If would like to talk about setting some financial strategies to achieve your investment, superannuation or retirement goals, make an appointment to meet Luke at 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.

Envision 2CC offer:  Your first appointment is at our cost. Make an appointment to confidentially discuss your financial situation and  financial goals.

Luke will return to talk about financial planning on 2CC Talking Canberra next Friday from 4.30pm. Tune into listen live or visit our website again to catch up on the podcast. You can also check out our YouTube Channel at Envision Financial Canberra.

Luke Smith joined 2CC Talking Canberra 1206AM with Richard Perno.
The Money Show aired on Friday 10 May 2019.

Luke reviews the question he most gets asked at as a financial planner at Envision Financial – “How much income do I need in retirement?” With a large percentage of the population approaching life after work, it’s a hot topic right now as people consider their superannuation and retirement planning options.  

Key highlights include:

•  How much money will you need? (How to work it out)
  
• Superannuation isn’t likely to be enough if you haven’t been making additional contributions.
• Expenses in retirement are different to when you’re working.
• The factors that a financial planner will consider when helping you plan for your retirement – it’s not just Centrelink. 
• Why risk matters and how it impacts your investments and income needs. 
• Why eating into your capital is a problem.
• Luke also talks about a number of financial planning strategies to help you get ahead with your planning and it starts with budgeting and starting sooner!
• And finally, an offer to trail the Envision Knowledge Centre at no cost. Click here to take up our free offer.

Listen to the Podcast right now

Also available on Apple Podcasts 

Do you need retirement planning advice?

If you need financial advice or would like to talk about your superannuation and retirement plans, make an appointment to meet Luke at Envision Financial Services on 6260 4749 or use our contact us form to make an appointment for a confidential discussion about your situation.

Envision 2CC offer:  Your first appointment is at our cost. Make an appointment to confidentially discuss your financial situation and  financial goals.

Luke will return to talk about financial planning on 2CC Talking Canberra next Friday from 4.30pm. Tune into listen live or visit our website again to catch up on the podcast. You can also check out our YouTube Channel at Envision Financial Canberra.

Luke Smith joined Richard Perno on Radio Station 2CC Talking Canberra 1206AM.
The Money Show aired on Friday 10 August 2018.

Luke and Richard talk about how to turn your super into an income stream with an account based pension.

Topics covered include:

• What an account based pension is? (formerly called an allocated pension)
• How old you have to be to retire and what retirement actually means
• The benefits of account based pensions – like tax free earnings and no capital gains tax
• Be aware of the rules around retirement, and
• Seek advice before you retire so you make the most of your options – it pays to plan.

Listen to the Podcast right now

If you need advice, contact Luke on 02 6260 4749 or use our contact us form to make an appointment for a confidential discussion about your situation.

Envision 2CC offer – Your first appointment is at our cost, so make an appointment to confidentially discuss your financial situation and retirement goals.

If you missed the show click here to listen to the podcast.

Luke and Chris spoke about Income and Retirement and the Acronym of the Week – ‘ICR’ – Investment Cost Ratio  – it’s something we think about when we construct client investment portfolios.

To catch the next show, on Friday 22 December 2017 on 2CC 1206AM, at 4.30pm.

The segment will cover financial planning matters and listeners will have the opportunity to phone in and ask a question during the show. If you’d like financial advice, contact us.