Prime Time with Bec Wilson Unpacking the BOXING DAY MAILBAG!
Dec 25, 2025
In this Boxing Day special, personal finance insights take center stage! Listeners dive into the mysteries of superannuation jargon and the complexities of retirement pensions. The discussion covers the impact of owning a second home on the age pension and the nuances of financial advice. A spotlight shines on intentional retirement transitions and the possibility of early retirement with smart planning. Plus, the role of AI in the workforce sparks a conversation about adaptation. It's all about navigating life's next steps!
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Super's Legacy Jargon Creates Confusion
- Superannuation uses legacy legal jargon that confuses members and prioritises compliance over plain language.
- Bec Wilson says pressure for reform is growing and funds should teach members in simpler terms.
Work Around The $2M Retirement Cap
- Check the $2 million transfer cap and consider starting a second pension if you want to add more later.
- Use your fund's advice team to commute pensions back to accumulation, top up, then restart a retirement pension.
Question Wraps And Ongoing Fees
- Question any advisor who pushes a wrap or ongoing fees without explaining the problem it solves for you.
- Call it a red flag if ongoing management is presented without upfront justification or alternatives.