The Wealthlab Podcast (Aust)

Wealthlab AU
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Phil and Scott discuss the world of financial planning, superannuation and how we think about growing and protecting your money.

  1. 5d ago

    Who Gets Your Super When You Die?

    Take the free retirement quiz → https://wealthlab.com.au/retirement-quiz/?utm_source=youtube&utm_medium=social Want to chat? Book a free intro call → https://wealthlab.com.au/strategy-review/?utm_source=youtube&utm_medium=social If you die tomorrow, who actually gets your super? Many Australians assume their Will decides, but superannuation generally sits outside your estate unless you've specifically structured it to flow there. Getting your beneficiary nominations wrong can mean delays, unexpected outcomes and potentially a significant tax bill.In this episode, Scott and Phil unpack what happens to your super when you pass away and why beneficiary nominations matter. They cover binding and non-binding nominations, reversionary beneficiaries, common paperwork mistakes, blended families and the tax consequences that can arise when super is inherited by adult children.You’ll learn: - Why your Will doesn't automatically determine who receives your super - The difference between binding, non-binding and reversionary beneficiary nominations - Why some binding nominations lapse and the paperwork mistakes that can cause nominations to be rejected - How beneficiary nominations can help with estate planning, particularly for blended families - Why adult children may face tax when inheriting the taxable component of a parent's super This episode is for Australians who want greater certainty about what happens to their super after they die. Whether you're approaching retirement, have adult children or are part of a blended family, reviewing your beneficiary nominations alongside your broader estate plan can help ensure your wishes are properly documented and reduce unnecessary complications for the people you leave behind. About Wealthlab Wealthlab helps Australians build wealth, grow businesses, and live life on their terms, through smart financial advice, investing strategies, and financial education.📲 Follow Us:Instagram: https://www.instagram.com/wealthlabau/Facebook: https://www.facebook.com/wealthlabAUDisclaimer: General advice only. This content doesn't consider your objectives, financial situation or needs. Consider whether it's appropriate for you and read our FSG before acting. Past performance is not a reliable indicator of future results. Wealthlabplus Pty Ltd (ABN 29 678 976 424) is a Corporate Authorised Representative (No. 001311287) of Index Tracking Financial Advice Pty Limited (ABN 47 646 019 543), Australian Financial Services Licence No. 566193. Read our Privacy Policy, fees and AFSL accreditations here: https://wealthlab.com.au/compliance-policies/

  2. 5d ago

    Can You Work and Still Get the Age Pension?

    Take the free retirement quiz → https://wealthlab.com.au/retirement-quiz/?utm_source=youtube&utm_medium=socialWant to chat? Book a free intro call → https://wealthlab.com.au/strategy-review/?utm_source=youtube&utm_medium=social Can you keep working after you qualify for the Age Pension without losing your payments? For many Australians, the answer is yes. The Work Bonus is designed to let eligible pensioners earn employment income while reducing how much of that income counts under the Age Pension income test. In this episode, Scott and Phil break down how the Age Pension Work Bonus works and why part-time or occasional work in retirement may be more worthwhile than many retirees realise. They walk through practical examples showing how the Work Bonus can reduce assessable employment income and how unused amounts can build up for later. You’ll learn: - How the Work Bonus interacts with the Age Pension income test - How the $300 fortnightly Work Bonus works for eligible employment income - How unused Work Bonus amounts can accumulate in your Work Bonus balance - Why occasional or seasonal work can potentially provide extra income without immediately reducing your Age Pension - Why the Work Bonus applies to eligible work income, not passive income such as rent or investment income This episode is for Australians receiving or approaching the Age Pension who are considering part-time, casual or occasional work in retirement. Understanding the Work Bonus could help you earn additional income, rely less heavily on your super and make informed decisions about whether continuing some work in retirement makes sense for you. About Wealthlab Wealthlab helps Australians build wealth, grow businesses, and live life on their terms, through smart financial advice, investing strategies, and financial education. 📲 Follow Us:Instagram: https://www.instagram.com/wealthlabau/ Facebook: https://www.facebook.com/wealthlabAU Disclaimer: General advice only. This content doesn't consider your objectives, financial situation or needs. Consider whether it's appropriate for you and read our FSG before acting. Past performance is not a reliable indicator of future results. Wealthlabplus Pty Ltd (ABN 29 678 976 424) is a Corporate Authorised Representative (No. 001311287) of Index Tracking Financial Advice Pty Limited (ABN 47 646 019 543), Australian Financial Services Licence No. 566193. Read our Privacy Policy, fees and AFSL accreditations here: https://wealthlab.com.au/compliance-policies/

  3. Aug 20

    Can You Retire at 60 With $500K? We Ran the Numbers

    Take the free retirement quiz → https://wealthlab.com.au/retirement-quiz/?utm_source=youtube&utm_medium=social Want to chat? Book a free intro call → https://wealthlab.com.au/strategy-review/?utm_source=youtube&utm_medium=social Can you retire at 60 with $500,000 in super? It’s a question many Australians ask, but the answer depends less on hitting a magic number and more on how much you want to spend, when you retire, and how long your savings need to last.In this episode, Phil and Dan put the $500,000 retirement question to the test using a realistic couple’s scenario. They model different retirement ages and spending levels to show how decisions around work, lifestyle, inflation and the Age Pension can dramatically change the outcome.You’ll learn: - Whether $500,000 in super could realistically support retirement from age 60 - Why the seven-year gap between age 60 and Age Pension age can put additional pressure on your super - How retiring at 60 versus working a few extra years can dramatically change how long your savings last - Why retirement spending often changes over time and how inflation affects your future income needs - The trade-off between retiring earlier, spending less and working longer to fund the lifestyle you want This episode is for Australians aged 55+ wondering whether they have enough super to retire and what their retirement lifestyle could realistically look like. Rather than relying on a single retirement number, it shows why testing different scenarios and planning ahead can help you make more informed decisions about when to stop working and how much you can afford to spend.About Wealthlab Wealthlab helps Australians build wealth, grow businesses, and live life on their terms, through smart financial advice, investing strategies, and financial education.📲 Follow Us: Instagram: https://www.instagram.com/wealthlabau/ Facebook: https://www.facebook.com/wealthlabAUDisclaimer: General advice only. This content doesn’t consider your objectives, financial situation or needs. Consider whether it’s appropriate for you and read our FSG before acting. Past performance is not a reliable indicator of future results. Wealthlabplus Pty Ltd (ABN 29 678 976 424). Wealthlabplus is a Corporate Authorised Representative of MiPlan Advisory Pty Ltd ABN: 70 600 370 438 Australian Financial Services Licensee No: 485478).General Advice Only: Read out Privacy Policy, Fee's and AFSL accreditations here https://wealthlab.com.au/compliance-policies/financial-services-guide

  4. Aug 12

    Are Investment Bonds Actually Worth It?

    Take the free retirement quiz → https://wealthlab.com.au/retirement-quiz/?utm_source=youtube&utm_medium=socialWant to chat? Book a free intro call → https://wealthlab.com.au/strategy-review/?utm_source=youtube&utm_medium=social Investment bonds are often promoted as a tax-effective alternative when you've already made the most of super, but are they really as attractive as they sound? With changes affecting family trusts and tax planning, it's worth understanding where investment bonds can genuinely fit and where the benefits may be overstated. In this episode, Phil and Dan break down investment bonds in plain English, including how they're taxed, the 10-year rule, and how they compare with investing personally, through super or other structures. They also explore situations where investment bonds may have a genuine role in tax and estate planning.You’ll learn: - What an investment bond is and how the tax structure works - Why “tax paid” doesn't mean “tax free” and what happens inside the bond - How the 10-year rule works and why accessing your investment earlier can have tax consequences - When investment bonds may be worth considering after you've made the most of super - How investment bonds can be used for estate planning and potentially passing wealth directly to beneficiaries This episode is for Australians approaching retirement who have investments outside super or are looking for tax-effective ways to structure long-term wealth. If you're considering investment bonds, family trusts or other investment structures, this conversation will help you understand the trade-offs before making a decision.About Wealthlab: Wealthlab helps Australians build wealth, grow businesses, and live life on their terms, through smart financial advice, investing strategies, and financial education. 📲 Follow Us: Instagram: https://www.instagram.com/wealthlabau/ Facebook: https://www.facebook.com/wealthlabAU Disclaimer: General advice only. This content doesn’t consider your objectives, financial situation or needs. Consider whether it’s appropriate for you and read our FSG before acting. Past performance is not a reliable indicator of future results. Wealthlabplus Pty Ltd (ABN 29 678 976 424). Wealthlabplus is a Corporate Authorised Representative of MiPlan Advisory Pty Ltd ABN: 70 600 370 438 Australian Financial Services Licensee No: 485478).General Advice Only: Read out Privacy Policy, Fee's and AFSL accreditations here https://wealthlab.com.au/compliance-policies/financial-services-guide

  5. Aug 5

    The Retirement Strategy Most Australians Don't Know

    Do you really have to work until 67 before you can retire? It's one of the biggest myths in Australia. For many people, retirement can happen years earlier, if you understand how to bridge the gap before the Age Pension starts. In this episode, Phil and Dan explore practical strategies that can help Australians retire before Age Pension age. From accessing super at 60 to lesser-known Centrelink opportunities and smart super structuring, they explain how thoughtful planning can create more flexibility and potentially bring retirement forward. You’ll learn: - Why turning 67 isn't the same as your retirement age, and when you can actually retire - How to use your super from age 60 to generate retirement income - before the Age Pension begins - Why JobSeeker may be an option for some pre-retirees, particularly those doing volunteer work or reducing work hours - How couples with an age gap can structure super to potentially improve Centrelink outcomes - How strategies like super splitting can help maximise retirement income and Age Pension eligibility over time This episode is for Australians aged 55+ who want to retire before 67 or are wondering if it's financially possible. If you're looking to maximise your retirement income, make the most of your super, and understand the strategies available before the Age Pension kicks in, this conversation will help you plan with greater confidence. About Wealthlab Wealthlab helps Australians build wealth, grow businesses, and live life on their terms, through smart financial advice, investing strategies, and financial education. 📲 Follow Us: Instagram: https://www.instagram.com/wealthlabau/ Facebook: https://www.facebook.com/wealthlabAU Disclaimer: General advice only. This content doesn’t consider your objectives, financial situation or needs. Consider whether it’s appropriate for you and read our FSG before acting. Past performance is not a reliable indicator of future results. Wealthlabplus Pty Ltd (ABN 29 678 976 424). Wealthlabplus is a Corporate Authorised Representative of MiPlan Advisory Pty Ltd ABN: 70 600 370 438 Australian Financial Services Licensee No: 485478).General Advice Only: Read out Privacy Policy, Fee's and AFSL accreditations here https://wealthlab.com.au/compliance-policies/financial-services-guide

  6. Jul 22

    The Dental Super Trap

    Using your super to pay for dental work or medical treatment might seem like an easy solution today, but it could cost you hundreds of thousands of dollars in retirement. Before accessing your super early, it's important to understand the long-term financial consequences and whether there are better alternatives. In this episode, Scott and Phil unpack the growing trend of businesses promoting early access to super for medical procedures under compassionate release provisions. They explain how the rules work, who they're intended for, and why withdrawing from super should only be considered after exploring every other option. About WealthlabWealthlab helps Australians build wealth, grow businesses, and live life on their terms, through smart financial advice, investing strategies, and financial education. 📲 Follow Us:Instagram: https://www.instagram.com/wealthlabau/Facebook: https://www.facebook.com/wealthlabAU Disclaimer:General advice only. This content doesn’t consider your objectives, financial situation or needs. Consider whether it’s appropriate for you and read our FSG before acting. Past performance is not a reliable indicator of future results. Wealthlabplus Pty Ltd (ABN 29 678 976 424). Wealthlabplus is a Corporate Authorised Representative of MiPlan Advisory Pty Ltd ABN: 70 600 370 438 Australian Financial Services Licensee No: 485478).General Advice Only: Read out Privacy Policy, Fee's and AFSL accreditations here https://wealthlab.com.au/compliance-policies/financial-services-guide

  7. Jul 15

    The AI Scam Every Australian Needs to Know

    Scammers are getting smarter, and AI is making it harder than ever to tell what's real. From deepfake videos and cloned voices to fake investment platforms and employment scams, today's fraudsters are using sophisticated technology to target Australians and steal their money. In this episode, Scott and Phil explore the latest scams affecting Australians and explain how artificial intelligence is changing the fraud landscape. Drawing on real client experiences and recent scam trends, they share practical advice to help you recognise warning signs and protect yourself and your family About Wealthlab: Wealthlab helps Australians build wealth, grow businesses, and live life on their terms, through smart financial advice, investing strategies, and financial education. 📲 Follow Us: Instagram: https://www.instagram.com/wealthlabau/ Facebook: https://www.facebook.com/wealthlabAU Disclaimer:General advice only. This content doesn’t consider your objectives, financial situation or needs. Consider whether it’s appropriate for you and read our FSG before acting. Past performance is not a reliable indicator of future results. Wealthlabplus Pty Ltd (ABN 29 678 976 424). Wealthlabplus is a Corporate Authorised Representative of MiPlan Advisory Pty Ltd ABN: 70 600 370 438 Australian Financial Services Licensee No: 485478).General Advice Only: Read out Privacy Policy, Fee's and AFSL accreditations here https://wealthlab.com.au/compliance-policies/financial-services-guide

  8. Jul 6

    The Power of Compounding Is Bigger Than You Think

    Take the free retirement quiz → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://wealthlab.com.au/retirement-quiz/utm_source=youtube&utm_medium=social Want to chat? Book a free intro call → https://wealthlab.com.au/strategy-review/?utm_source=youtube&utm_medium=social Everyone has heard that compounding is powerful, but very few people truly understand how it works. The biggest gains often happen later in life, which is why starting early and staying invested can make such a dramatic difference to your retirement outcome. In this episode, Scott and Phil explain the power of compounding in simple terms and why it's one of the most important concepts in long-term investing. They use real-world examples, historical case studies, and retirement planning scenarios to show how time, investment returns, and inflation can either work for you or against you. About WealthlabWealthlab helps Australians build wealth, grow businesses, and live life on their terms, through smart financial advice, investing strategies, and financial education.📲 Follow Us:Instagram: https://www.instagram.com/wealthlabau/Facebook: https://www.facebook.com/wealthlabAU Disclaimer:General advice only. This content doesn’t consider your objectives, financial situation or needs. Consider whether it’s appropriate for you and read our FSG before acting. Past performance is not a reliable indicator of future results. Wealthlabplus Pty Ltd (ABN 29 678 976 424). Wealthlabplus is a Corporate Authorised Representative of MiPlan Advisory Pty Ltd ABN: 70 600 370 438 Australian Financial Services Licensee No: 485478).General Advice Only: Read out Privacy Policy, Fee's and AFSL accreditations here https://wealthlab.com.au/compliance-policies/financial-services-guide

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Phil and Scott discuss the world of financial planning, superannuation and how we think about growing and protecting your money.

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