Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 2 May 2025. The topic for this week is: Misconceptions around merging multiple super funds you may have. While merging funds may provide fee savings, there are a fact of lesser known reasons why you might have more than one fund – and some of these reasons are very important when it comes to looking more widely at your financial life. Leon Delaney returns to the studio this week after his well deserved easter break. Luke and Leon start the show about the Labor’s plan to tax unrealised capital gains in super if an account has more than $3 million dollars. This action is likely to impact intergenerational wealth transfer and perhaps even those who hold real estate inside their self-managed super fund.

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:

• Surely merging funds will save fees? Not aways
• How are your fees charged?
• Are there costs of moving? Selling assets down may cause capital gains tax.
• Are you aware of your taxable components in super? Merging taxable and tax free funds can have negative estate planning issues.
• Surely fewer funds will make it easier to manage? Perhaps, but not all investment funds have the same investment menu.
• Don’t forget about insurance if it is attached to your super. If you rollover and lose your insurance, you might not get it back.
• What other reasons might you keep more than one fund? Things like estate planning are also important!
  Luke shares his top issues to consider when you’re considering merging your superannuation accounts.

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

To merge or not to merge? Seek super and retirement planning advice if you need help to assess your options and benefits

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. Luke’s book Smart Money Strategy is out now.