427 Defence force retirement planning: defined benefit schemes & the mistakes that cost thousands

In this episode Glen sits down with independent financial adviser, Andrew Saikal-Skea to answer your questions about money & retirement and the military. They talk about:

👉🏻 the compulsory retirement age

👉 defined benefit schemes & how they differ from super

👉🏼 the MSBS (Military Superannuation and Benefits Scheme)

👉🏽 the DFRDB (Defence Force Retirement and Death Benefits Scheme)

👉🏾 ADF cover & super

👉🏿 retirement planning if you continue working after 60

👉🏻 common MSBS money mistakes

👉🏾 the $1000 financial advice allowance

👉🏽 tax on MSBS

👉 reversionary pensions

👉🏼 how does a defined benefit scheme affect your transfer balance cap

👉🏿 how does it work if you receive 2 defined benefit pensions

👉🏻 structuring your defined benefit pension with a civilian super pension

👉 a question about meeting the super condition of release

Andrew's website: https://www.saikal-skea.com.au/

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