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rated from 10MWe to 250MWe providing incremental additions to the National Electricity Market as fossil fuels are withdrawn.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

Why have Australian living standards 'fallen' and how do we fix it?

For the last few years there has been much talk of a 'cost-of-living' crisis in Australia and of 'falling living standards'. Lately this has flared up again with the pickup in inflation resulting in a renewed fall in real wages.

Will you run out of money in retirement?

Fear of running out has become a defining retirement anxiety. Why do some retirees die with substantial wealth while others deplete their nest egg? Evidence suggests the answer is more complicated than we think. 

Four options for an income investor’s next dollar

What if Australia’s golden age of dividends is ending? Rather than overhaul your portfolio, it may be worth considering where new capital can work harder. I discuss four income strategies and the trade-offs behind each.

The investment that sidesteps the new tax traps

Tax rules have changed, but many investors are still using yesterday’s strategies. Insurance bonds may offer advantages for those seeking greater control, tax efficiency and certainty about their wealth.

Welcome to Firstlinks Edition 674 with weekend update

What begins as appetite, grows into excess and ultimately ends in spectacle. Millions of investors just discovered this the hard way.

  • 6 August 2026

Testamentary trusts have secured the CGT exemption

Treasury’s latest CGT reform draft delivers a win for testamentary trusts and deceased estates, exempting estate-derived gains from the 30% floor. However, questions on death and divorce rollovers remain unresolved.

Latest Updates

Retirement

Why spending more in early retirement can improve lifetime income

Conventional wisdom encourages retirees to preserve superannuation. But if those likely to qualify for the Age Pension later in life spend a little more today, it may deliver higher lifetime income and a more stable retirement.

SMSF strategies

Who really loses from the SMSF borrowing ban?

The ban on borrowing to buy residential property inside a self-managed super fund was framed as closing a loophole for the wealthy. Yet ATO data suggests its effects may be felt more heavily on members with moderate balances.

Investment strategies

The investing rule that explains the next market crash

What if investment success depends less on picking the right assets and more on understanding the decisions of other investors? A principle borrowed from game theory offers a different perspective on markets.

Investment strategies

Gold: should you own the metal or the miners?

Gold is back in the headlines but investors may be asking the wrong question. Before deciding where prices are headed next, it's worth considering whether the investment you choose will deliver the outcome you're actually seeking.

Fixed interest

Global bonds markets are hiccupping

For decades, investors looked the other way as government debt ballooned. But a reckoning may be beginning. Bond markets are stirring and the consequences could reach far beyond markets into everyday life.

Property

Why investors are looking beyond traditional property sectors

A little-known corner of the property market may be quietly benefiting from powerful demographic and healthcare trends. Could this specialised sector offer investors something increasingly difficult to find: enduring demand?

Retirement

Retirement in reality - 6 months in

Is retirement really an identity crisis, or is something else at play? New insights challenge conventional thinking and reveal why some retirees struggle to fully embrace life after work.

Sponsors

Alliances

  • ASA-Logo-RGB-ActiveGreen-web.png

© 2026 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.