# Tax myths, age pension wipeouts, and the $14,000-a-year super loophole

Page: https://stenobird.com/podcast/australian-retirement-podcast-6957560/tax-myths-age-pension-wipeouts-and-the-14-000-a-year-super-loophole
Text version: https://stenobird.com/podcast/australian-retirement-podcast-6957560/tax-myths-age-pension-wipeouts-and-the-14-000-a-year-super-loophole.md
Podcast: [Australian Retirement Podcast](https://stenobird.com/podcast/australian-retirement-podcast-6957560)
Published: 2026-06-04T05:00:00+00:00
Episode link: https://www.raskmedia.com.au/podcasts/australian-retirement-podcast/
Audio file: https://traffic.megaphone.fm/RRKKR6069578139.mp3
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JSON: https://stenobird.com/v1/public/podcasts/australian-retirement-podcast-6957560/episodes/tax-myths-age-pension-wipeouts-and-the-14-000-a-year-super-loophole
Duration seconds: 2204

## Resource

In this Australian Retirement Podcast episode, your hosts Drew Meredith, from Wattle Partners, and James O’Reilly, from Northeast Wealth, bust the myth that financial advice fees are fully tax-deductible after the 2024 changes, walk through a real client case where an insurance refund accidentally triggered the bring-forward non-concessional cap, and run the numbers on what a daily coffee, a weekly pub meal, and three streaming services really cost a retiree over 25 years. They also explain what professional indemnity insurance actually covers (and what it does not), and answer two listener questions: the best month of the year to retire, and whether a still-working 60-year-old with $2 million should set up an allocated pension now. Topics covered today – The myth that all financial advice fees are tax-deductible — what actually changed in 2024 and why accountants are tightening up – A real case study: an insurance premium refund accidentally treated as a non-concessional contribution and the bring-forward trap it triggered – Why the latest age pension increase was completely wiped out by higher deeming rates, petrol, and grocery prices – The $432,000 cost of a daily coffee, weekly pub meal, and three streaming services over 25 years — and why we still say spend it anyway – Professional indemnity insurance: what it actually covers, what it doesn’t, and why “bad returns” aren’t a claim – Mad About Money’s question: what is the best time of year to retire? (Hint: August) – Super Sandwich’s question: 60 years old, $2 million in super, still working five more years — should you start an allocated pension now? – The over-60 super recycling strategy: meeting a condition of release, drawing the minimum, and re-contributing to save up to $14,000 a year in tax If you like this…

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## Transcript

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