What to do with an inheritance? Use it wisely! Financial Planner Luke Smith shares his top tips!

00:00 - Introduction: What to do with a sudden inheritance or windfall 01:25 - The biggest myth about inheritance and tax in Australia 02:20 - How an inheritance impacts your Centrelink entitlements 03:00 - Should you gift or loan money to your adult children? 03:45 - Using an inheritance to bolster your superannuation 04:20 - Do you have to put an inheritance into super? (Alternative options) 05:00 - The Total Super Balance limit (Be careful before adding to super!) 07:05 - Can I put an inheritance into super if I'm not working? 07:30 - Claiming a tax deduction on an inheritance contribution 08:50 - Don't follow the herd (Why "what everybody else does" is bad advice) 11:00 - The first rule of coming into money: Keep quiet 12:50 - Luke's Step-by-Step Action Plan: Debt, Kids, and Limits 14:35 - How to manage your cash flow so you don't blow the inheritance 16:25 - Where to get financial advice Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, that aired live on Friday 25 September 2026 with 2CC’s Leon Delaney. The topic is: What to do with an inheritance? . What do you do if you come into an unexpected windfall such as an inheritance or perhaps even if you’re lucky enough, a lottery win? In this episode Luke offers some smart money thoughts and practical tips to help you make the most of it. And a shout out to Leon who won a massive $37.40 on Powerball! It’s a must listen episode for those people who come into money. Thank you for joining us live on 2CC, YouTube, Spotify or your favourite podcast streaming service for ‘The Strategy Stacker – Luke Talks Money’. Key topics covered include: Are there going to be any tax issues on receiving an inheritance or giving some of it away to kids? The implications for Centrelink should also be considered if you get Centrelink benefits Should you loan it or gift it to adult kids? Can you bolster your super? How much can I add? Can I retire earlier if I have enough to retire on? Is there a limit on how much I can put into super – Don’t forget the Total Super Balance! Can you start another pension from super? 3 good questions to ask yourself! What would Luke do himself as a financial planner if he came into money. Luke shares his top tips – Remember to seek advice if you need help. Make good decisions at the start. Do you need help with your personal financial planning as a result of a windfall? Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including insurance, 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. Looking for more information on superannuation, retirement planning, and financial planning? Dive deeper with Luke's expert insights and strategies! 📘 Smart Money Strategy by Luke is out now! Discover more at https://thestrategystacker.com.au/ and don’t forget to grab the free templates online right now under ‘Resources’. 🔔 Stay Connected: • YouTube:    / @thestrategystacker   for the latest videos. • Facebook:   / envisionfinancial1   for updates and tips. • LinkedIn:   / luke-smith-26a4ba16   for professional insights. • TikTok:   / thestrategystacker   for quick tips and tricks. • X (formerly Twitter):   / envisionadvice   for real-time links. 🎧 Listen to Our Podcast: • Spotify: https://open.spotify.com/show/2V0zIrO... • Apple Music: https://podcasts.apple.com/au/podcast... • iHeartRadio: https://www.iheart.com/podcast/256-th... • YouTube Podcasts:    / @thestrategystacker   Got a general financial planning question? Visit https://thestrategystacker.com.au/ask... If you have specific financial planning questions, please make an appointment with Luke to get personal financial advice. Call Envision Financial on 02 6260 4749 to make a booking.