How to use a transition to retirement pension to fund a tax deduction this year!

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 25 April 2025. The topic for this week is: Transition to retirement and your 30 June planning. In this episode our own Financial Planner Luke Smith takes look at the rules around how you can access your super to improve your cashflow before the end of the financial year. Rod Henshaw joins Luke this week as Leon is still on a well deserved Easter break.

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:
- As 30 June approaches, people are looking for tax deductions
- If you have you reached your preservation age, generally age 60, you can access your super under a transition to retirement pension
- How much money can you take as a transition to retirement pension?
- If you’re over 60, you can take the money tax free!
- You don’t have to retire from work to access the transition to retirement pension
- You could use the money to help pay off a mortgage
- You could also use the money to lower your personal income tax through a personal deductible super contribution
- Setting up a transition to retirement takes time, so prepare now for 30 June and get your paperwork sorted
- You could also use the money for other financial planning strategies which Luke explores
- Luke shares his top issues to consider when you’re considering using a transition to retirement strategy.

Do you need help with a transition to retirement strategy?

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 and Luke’s book Smart Money Strategy is out now. For more information visit: https://thestrategystacker.com.au

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What to hear about a specific financial planning topic?
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