Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 19 May 2025. The topic for this week is: What is the difference between deductible and non deductible super contributions. Luke and Leon however start the show by talking about the principle of taxing unrealised capital gains which may be coming to superannuation in the not to distant future. Could it leak into other kinds of investments and what would the consequences be? Would you have to sell an investment to pay a tax bill? Luke believes this isn’t the right approach to tax and could have lots of unintended consequences if the principle was to be extended of taxing unrealised capital gains.

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:

• What is the difference between a deductible and non deductible contribution to super?
• How much deductible contributions can be added to super each year?
• How do I claim a deduction for my personal super contribution?
• How much non deductible contributions can added to super each year? It’s also called a non concessional contribution.
• Can I bring forward more non deductible contributions to add more now?
• Can I make up deductible contributions if I haven’t reached my limit in past years?
• What’s the benefit of a deductible contributions?
• What’s the benefit of non deductible contributions?
• If I don’t work, can I make super contributions?
• Why is total super balance important?
• Why does tax matter inside super when it comes it estate planning?
• Luke shares his top issues to consider around making contributions to super.

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

Do you need help with superannuation contribution strategies for your retirement or estate planning?

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.