Luke on 2CC – How much does a SMSF really cost?

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 15 November 2024. Luke joins Leon Delaney in the studio to talk about Self Managed Super – how much does it really cost?

There’s lots of discussion about different superannuation vehicles, industry funds, personal funds and self managed super and which one is best? The best vehicle for you may not be the best vehicle for someone else, depending on your situation, goals and future needs. In this episode Luke takes a deep dive into Self Managed Superannuation including the costs. It might not be as expensive as you think.

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:

• Costs matter, even on your superannuation fund!
• What is a self managed super fund?
• Are my accounting fees fixed (auditing and tax return) and how much are they for an average SMSF? There are some overly high fees out there!
• What are the key reasons to have a self managed super fund?
• Which accountant should I use?
• Aren’t industry super funds cheaper than all the other types of funds?
• What about franking credits and my retirement?
• Do you know why you have the super fund structure you have?
• Are you on your own when you run a self managed super fund or can you get help?
• Why does Luke like SMSF at retirement for certain clients?

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

Are you looking for help around your own super?

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. 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. You can 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.