Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, which aired live on Friday 24 October 2025. The topic for this week is: Misconceptions about financial matters in 2025. Wrong information can be dangerous, expensive and limiting to you reaching your financial goals. Luke is joined by Leon of 2CC to take a deep dive into the assumptions and errors he’s heard from his own clients in 2025. Lots of areas of financial planning are explored. This podcast sorts the facts from the fiction.

Thank you for joining us live on 2CC, YouTube, Spotify or your favourite podcast streaming service for ‘The Strategy Stacker – Luke Talks Money’.

Key misconceptions covered include:

• I can’t add to my super if I have retired


• I’ve reached my transfer balance cap, so I can’t put more money into super


• I can’t claim a tax deduction if I’m not working for my super contribution


• If I have a capital gain tax issue on an investment I’ve sold, I can’t claim a tax deduction for a super contribution


• I can only make a contribution to the PSS if I’m a member of that fund


• I can’t claim a tax deduction for a super contribution if I am a member of the PSS – there is a strategy around this!


• I want to leave my super to kids and they won’t pay tax on it when I pass


• An industry super fund will allow you to control franking credits and income


• A self-managed super fund is expensive


• I need at least $10,000 to start investing


• Estate planning myths


• And a whole lot more!


• Luke shares his top tips when managing your finances. Seek advice and apply the rules that apply best to your situation. 

 

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

 

Do you need help exploring your financial planning opportunities?

<figure class="wp-caption alignright" id="attachment_19346" style="width: 300px;"><figcaption class="wp-caption-text" id="caption-attachment-19346">The old saying that knowledge is power still holds true. Misconceptions can cost you a lot, and not just financially. Make an appointment to meet with Luke to explore your financial planning opportunities and make decisions with the right advice to help you get more certain outcomes.</figcaption></figure>

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 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.