Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Home / 513

Return of our 'Wealth of Experience' podcast

Season 2, Episode 1

In this week's episode, we'll discuss how the new $3 million super tax will work with an important clarification, the impact on other investment pools, the headwinds for Aussie large caps, as well as the energy transition and its investment opportunities.

(For more details on the $3 million tax, read here). 

The podcast is also available via our dedicated website page, Google Podcasts, Apple Podcasts, Spotify, and BuzzSprout.

Please share with friends and colleagues, and a favourable rating would help spread the word. We welcome questions and suggestions at [email protected].

Grab a cuppa and settle in for our chat.

James Gruber
Editorial, Firstlinks and Morningstar

 

  •   14 June 2023
  • 3
  •      
  •   
3 Comments
Daniel
June 16, 2023

Good to hear the podcast again. Graham in your explanation of the $3m super cap, I realise you are focussing on the proportional part of the calculation which many people are missing, but you should also mention that the Super balance change over the financial year is also adjusted for withdrawals and applications. To be clearer, withdrawals are added back and contributions are deducted. The rationale is that people cannot make withdrawals to stay under the $3 million, but their contributions do not push them over $3 million. Important to watch.

Michael2
June 23, 2023

Great to see the podcast back!

My question is to Peter Warnes and his comments that nuclear power should be part of our energy mix and my thought that with the largest nuclear power station in Europe taken by an invading force, only three months of cooling water left in its cooling ponds with reports that the pond may be rigged with explosives and artillery shells and missiles wizzing all around it that a whole new risk to nuclear power stations has been uncovered and we shouldn’t be going down this path and that is before the financials and red tape are taken into account

Peter Warnes
June 26, 2023

Hi Michael,

We have to put Australia’s nuclear options in context. We are talking about small Modular Reactors rated from 10MWe to 250MWe providing incremental additions to the National Electricity Market as fossil fuels are withdrawn. To compare Australia’s situation with what is occurring in Europe at present is drawing along bow. Our issue is how to replace fossil fuel generated baseload power and wind and solar cannot do that with the certainty required. We already have a nuclear reactor operating at Lucas Heights for the past 65 years (opened in 1958) without incident.

Regards,
Peter

 

Leave a Comment:

banner

Most viewed in recent weeks

The growing debt burden of retiring Australians

More Australians are retiring with larger mortgages and less super. This paper explores how unlocking housing wealth can help ease the nation’s growing retirement cashflow crunch.

Four best-ever charts for every adviser and investor

In any year since 1875, if you'd invested in the ASX, turned away and come back eight years later, your average return would be 120% with no negative periods. It's just one of the must-have stats that all investors should know.

LICs vs ETFs – which perform best?

With investor sentiment shifting and ETFs surging ahead, we pit Australia’s biggest LICs against their ETF rivals to see which delivers better returns over the short and long term. The results are revealing.

Family trusts: Are they still worth it?

Family trusts remain a core structure for wealth management, but rising ATO scrutiny and complex compliance raise questions about their ongoing value. Are the benefits still worth the administrative burden?

Warren Buffett's final lesson

I’ve long seen Buffett as a flawed genius: a great investor though a man with shortcomings. With his final letter to Berkshire shareholders, I reflect on how my views of Buffett have changed and the legacy he leaves.

13 ways to save money on your tax - legally

Thoughtful tax planning is a cornerstone of successful investing. This highlights 13 legal ways that you can reduce tax, preserve capital, and enhance long-term wealth across super, property, and shares.

Latest Updates

Financial planning

How much does it really cost to raise a child?

With fertility rates at a record low, many say young people aren’t having kids because they’re too expensive. Turns out, it’s not that simple and there are likely other factors at play.

Exchange traded products

Passive ETF investors may be in for a rude shock

Passive ETFs have become wildly popular just as markets, especially the US, reach extreme valuations. For long-term investors, these ETFs make sense, though if you're investing in them to chase performance, look out below.

Shares

Bank reporting season scorecard November 2025

The Big Four banks shrugged off doomsayers with their recent results, posting low loan losses, solid margins, and rising dividends. It underscores their resilience, but lofty valuations mean it’s time to be selective. 

Investment strategies

The real winners from the AI rush

AI is booming, but like the 19th-century gold rush, the real profits may go to those supplying the tools and energy, not the companies at the centre of the rush.

Economy

Why economic forecasts are rarely right (but we still need them)

Economic experts, including the RBA, get plenty of forecasts wrong, but that doesn't make such forecasts worthless. The key isn't to predict perfectly – it's to understand the range of possibilities and plan accordingly.

Strategy

13 reflections on wealth and philanthropy

Wealth keeps growing, yet few ask “how much is enough?” or what their kids truly need. After 23 years in philanthropy, I’ve seen how unexamined wealth can limit impact, and why Australia needs a stronger giving culture.

Sponsors

Alliances

© 2025 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.