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The Perks of Working In Public Service: Salary Packaging · She's On The Money

• 0:00
  Speaker 1: She's on the money. She's on the money.
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  Speaker 2: My name is Natasha Bamblett. I'm a proud First Nations
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  Speaker 2: woman and I'm here to acknowledge country. Hello beautiful friends.
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  Speaker 2: We gather on the lands of the Aboriginal people. We thank,
• 0:18
  Speaker 2: acknowledge and respect the Aboriginal people's land that we're gathering
• 0:21
  Speaker 2: on today. Take pleasure in all the land and respect
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  Speaker 2: all that you see. She's on the money podcast acknowledges culture, country,
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  Speaker 2: community and connections, bringing you the tools, knowledge and resources
• 0:32
  Speaker 2: for you to thrive.
• 0:32
  Speaker 3: Hello and welcome to She's on the Money, the podcast
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  Speaker 3: that discusses all of the issues concerning your wealth goals
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  Speaker 3: so that you can feel more in control of your
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  Speaker 3: financial future, which I hope is filled with endless work perks,
• 0:45
  Speaker 3: because for some of us, earning a decent wage is
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  Speaker 3: only half the story. I'm Victoria Devine and for this
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  Speaker 3: week's Deep Dive, I'll be covering the salacious topic of
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  Speaker 3: salary packaging. That is when your pay doesn't just consist
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  Speaker 3: of wages, but incentives like novated leases, memberships and subscriptions
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  Speaker 3: designed to keep you happy. and provide some sexy tax
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  Speaker 3: benefits at the end of financial year. Because here's the thing,
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  Speaker 3: not all salary packages are equal. I mean, I saw
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  Speaker 3: it all the time in my days as a financial advisor,
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  Speaker 3: where so many clients worked in hospitals or schools and charities,
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  Speaker 3: they weren't salary packaging the things that they could, or worse,
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  Speaker 3: they weren't aware of the benefits that they could actually
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  Speaker 3: be accessing within their industry while keeping their tax down.
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  Speaker 3: So that is what today is all about. I am
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  Speaker 3: bringing this conversation to the fore because while many of
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  Speaker 3: you are savvy with your salary, some of you are
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  Speaker 3: leaving money on the table. I'll be covering the basics
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  Speaker 3: of salary packaging, what you might be eligible for based
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  Speaker 3: on your industry, plus some of the more creative ways
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  Speaker 3: you could be leveraging specific concessions to make your money
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  Speaker 3: work as hard as you do while paying less tax.
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  Speaker 3: But first, a little word from our sponsors. Now, my friend,
• 2:04
  Speaker 3: if you're looking for an episode dedicated to novated leasing,
• 2:07
  Speaker 3: this is not it. Please go back about a year
• 2:10
  Speaker 3: to tune into a Friday Drinks episode covering the subject
• 2:13
  Speaker 3: in 2025 or even further back for a full deep
• 2:16
  Speaker 3: dive in 2023 where Bec and I explain what they are,
• 2:20
  Speaker 3: how they work and some of the pros and cons
• 2:22
  Speaker 3: to consider before entering into one. Today, I'll be skipping
• 2:26
  Speaker 3: over that subject in favor of some more interesting salary
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  Speaker 3: packaging options that are out there. Because after asking our community,
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  Speaker 3: many of you are currently being offered some pretty competitive
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  Speaker 3: perks as part of your salary. We've heard of things
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  Speaker 3: like $ 1, 000 in company shares at a large company every year,
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  Speaker 3: topped up paid parental leave payments so income remains steady
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  Speaker 3: during maternity or parental leave. An alcohol allocation when someone
• 2:53
  Speaker 3: was working for a booze company. Personal development fund, so
• 2:56
  Speaker 3: they got two grand towards a course related to the
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  Speaker 3: role or 50% off the cost of a degree once
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  Speaker 3: it's completed. And what if you got a 10-day trip
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  Speaker 3: to Germany, the birthplace of beer, after five years of
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  Speaker 3: working for this particular booze company? If there's really no
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  Speaker 3: limit to what can be offered, why are so few
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  Speaker 3: of us tapping into these perks? Well, usually I'd say
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  Speaker 3: something like, if it's not within your values, not creating
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  Speaker 3: future wealth and not part of your plan, then you're
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  Speaker 3: likely paying for something you don't need. And my friend,
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  Speaker 3: I do still stand by this when it comes mostly
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  Speaker 3: to novated leases. But because we're looking specifically at the healthcare,
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  Speaker 3: education and not-for-profit sectors, I'm here to shine a light
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  Speaker 3: on some of the most underused, misunderstood and underrated financial
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  Speaker 3: tools available to a very huge chunk of our community.
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  Speaker 3: And when I say huge, I mean gargantuan. Think nurses, midwives, paramedics, teachers,
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  Speaker 3: social workers, folk who work in aged and disability care
• 3:56
  Speaker 3: and community health and childcare. The list goes on. We're
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  Speaker 3: usually talking about our frontline workers. These roles aren't just
• 4:03
  Speaker 3: representative of a big chunk of our listeners, but of
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  Speaker 3: the Australian workforce at large. But what would I know?
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  Speaker 3: I only hear from you guys in our DMs, on
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  Speaker 3: the She's On The Money community, Facebook group and in
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  Speaker 3: our money diaries every single week, telling us things like they...
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  Speaker 3: I work really hard. I love what I do, but
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  Speaker 3: I feel so behind financially. My friends in corporate seem
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  Speaker 3: to have way more levers to pull when it comes
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  Speaker 3: to negotiating their worth. And this just makes me think, well,
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  Speaker 3: what levers can we pull in other sectors? And have
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  Speaker 3: we exhausted all of our options, including salary packaging? I'm
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  Speaker 3: going to explain it to you as if it's the
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  Speaker 3: first time because I want us to be all on
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  Speaker 3: the same page. I promise I'm not being condescending. But
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  Speaker 3: let me begin by saying your employer possibly presumed that
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  Speaker 3: you knew this already or that someone explained it to
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  Speaker 3: you just along the way. So please don't feel bad
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  Speaker 3: if this is actually your very first time hearing this.
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  Speaker 3: Salary packaging is an arrangement between you and your employer
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  Speaker 3: where you agree to receive part of your salary as
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  Speaker 3: a non-cash benefit. rather than as straight cash into your
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  Speaker 3: bank account. Sometimes it's referred to as salary sacrificing, which
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  Speaker 3: we often associate with superannuation, but the same structure can
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  Speaker 3: be used for other things too. It exists to help
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  Speaker 3: companies retain good people by incentivizing their roles and give
• 5:22
  Speaker 3: you some handsome tax benefits. Here's how. When your employer
• 5:27
  Speaker 3: pays you a salary, they take out your income tax
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  Speaker 3: before the money hits your account, right? So hypothetically, if
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  Speaker 3: you earn 80 grand a year, the ATO taxes you
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  Speaker 3: on 80 grand. But when you salary package, you redirect
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  Speaker 3: some of your pre-tax salary towards approved expenses, things like
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  Speaker 3: your mortgage, rent, debt repayments, a car, And your employer
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  Speaker 3: pays for those things on your behalf before income tax
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  Speaker 3: is calculated, which means your taxable income will go down.
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  Speaker 3: And when your taxable income goes down, you pay less tax.
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  Speaker 3: And when you pay less tax, you get to keep
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  Speaker 3: more money. Same job, same hours, same hard work, just
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  Speaker 3: more money in your back pocket. But, and this is important,
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  Speaker 3: salary packaging is not available in the same way to everyone.
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  Speaker 3: If you work in the private sector, so for a
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  Speaker 3: private company or business, your options are generally limited to
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  Speaker 3: things like superannuation, novated leases on cars, and a handful
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  Speaker 3: of work-related items, which, you know, are useful, just not
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  Speaker 3: very exciting. But for those of you who work for not-for-profits, charities,
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  Speaker 3: public health and certain government organisations, the rules are slightly different.
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  Speaker 3: The ATO has built in special concessions specifically for you.
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  Speaker 3: And these concessions mean that the tax savings available to
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  Speaker 3: you might be significantly more generous than they would be
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  Speaker 3: for a corporate lawyer or a marketing specialist at a
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  Speaker 3: private company. So what can you actually package? Well, there
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  Speaker 3: are two main categories for folk who are working in
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  Speaker 3: the public health or not-for-profit sector. First, there's what I'm
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  Speaker 3: going to call general living expenses. Now for financial year 27,
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  Speaker 3: if you work for a not-for-profit or registered charity, you
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  Speaker 3: can package up to $ 15, 900 worth of general living expenses
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  Speaker 3: per fringe benefits tax year. If you work in a
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  Speaker 3: public hospital or public ambulance service, your cap is slightly
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  Speaker 3: different and is calculated on a grossed up value of $ 17, 000,
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  Speaker 3: which translates roughly to $ 9, 010 in actual expenses you can
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  Speaker 3: package per year. So what counts as general expenses, you
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  Speaker 3: might be wondering? Well, mortgage expenses, rent, credit card and
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  Speaker 3: personal loan repayments, utilities, rates, school fees, health insurance premiums,
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  Speaker 3: basically a whole bunch of everyday living costs that you
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  Speaker 3: are probably already paying for. They can be redirected through
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  Speaker 3: salary packaging arrangements so that you're covering them with pre-tax
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  Speaker 3: dollars instead of what you have left after tax. I
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  Speaker 3: think this is genuinely exciting because if you are going
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  Speaker 3: to have to spend that money anyway, I'd say it's
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  Speaker 3: better off going towards these essentials than to the man
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  Speaker 3: at the ATO. And because it's packaged within your salary,
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  Speaker 3: it will lower your taxable income. And in case you
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  Speaker 3: aren't already convinced, here's an example I did before. Let's
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  Speaker 3: say you're a nurse who earns $ 80, 000 a year at
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  Speaker 3: a public hospital. You're eligible for up to $ 9, 010 in
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  Speaker 3: living expenses, which, when packaged within your salary, takes your
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  Speaker 3: taxable income down to $ 70, 990, which means you pay between
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  Speaker 3: $ 2, 700 to $ 2, 900 each year less tax. That's almost $ 3, 000
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  Speaker 3: in your back pocket. and all it took was a
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  Speaker 3: once-off form. If you're a registered charity or not-for-profit worker,
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  Speaker 3: you can claim up to $ 15, 900 of general living expenses
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  Speaker 3: under your salary packaging. At an average marginal tax rate
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  Speaker 3: of 30%, you could be saving $ 4, 770 a year. That's
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  Speaker 3: almost five grand back in your pocket for placing those
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  Speaker 3: everyday expenses under your salary packaging. I think that's very
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  Speaker 3: sexy stuff. Now, if you were putting stuff you didn't
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  Speaker 3: actually need under that package, I would feel very differently
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  Speaker 3: about this. But if you're already going to spend that
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  Speaker 3: money on bills and utilities and health insurance, why not
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  Speaker 3: be spending it smarter? All right, the second category of
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  Speaker 3: things you can place within your salary packaging is what
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  Speaker 3: they call a meal entertainment. And no, I don't mean
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  Speaker 3: you're just playing with your food. This involves restaurant meals,
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  Speaker 3: catered events and occasional dinners out. on top of your
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  Speaker 3: general living expenses. The cap for this is $ 2, 650 per
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  Speaker 3: fringe benefit tax year and for both not-for-profit and health
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  Speaker 3: sector employees. Now, this doesn't mean you should go spending
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  Speaker 3: willy-nilly on bougie degustations. It means you will be given
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  Speaker 3: a dedicated meal entertainment card preloaded with pre-tax funds for
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  Speaker 3: use when you dine out. This to me is particularly
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  Speaker 3: useful if you're hosting events or you're working on the
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  Speaker 3: road and you know that one or two dinners a
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  Speaker 3: month are going to be spent while you are traveling.
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  Speaker 3: If you are already here spending $ 100 to $ 200 a
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  Speaker 3: month on dine-in meals that could then be $ 2, 400 a year,
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  Speaker 3: that could be coming out of your pre-tax dollars. Rather
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  Speaker 3: than finding an extra $ 2, 400 a year, you're redirecting what
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  Speaker 3: you are already spending before tax is even taken out.
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  Speaker 3: Of course, on top of all of these concessions, you
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  Speaker 3: can still salary sacrifice into your super as well, which,
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  Speaker 3: as we know, is a tax vehicle to help lower
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  Speaker 3: your taxable income so that you can enjoy more of
• 10:40
  Speaker 3: your money in the long run. Okay, so now that
• 10:42
  Speaker 3: you understand what you could be tapping into, I'm sure
• 10:44
  Speaker 3: you're wondering, V, why does everybody not just do this? Well,
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  Speaker 3: some things will forever remain a mystery to me, but
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  Speaker 3: this ain't one of them. And while all of these
• 10:55
  Speaker 3: reasons are costing people money, I can understand why they
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  Speaker 3: get in the way. So first reason is friction. A
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  Speaker 3: bunch of salary packaging options require a third party provider
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  Speaker 3: to help facilitate the whole thing. From filling out forms
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  Speaker 3: to selecting which expenses to package and liaising with your
• 11:12
  Speaker 3: payroll team. Some people think this task takes some serious attention.
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  Speaker 3: Attention which might be a genuine luxury for anyone who's
• 11:21
  Speaker 3: working in the healthcare or the not-for-profit or the education space.
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  Speaker 3: Because think about it this way, you've just finished your
• 11:26
  Speaker 3: shift and while you know it's important, this task falls
• 11:29
  Speaker 3: to the bottom of the admin list. It gathers dust
• 11:31
  Speaker 3: for another six months. And while it is understandable, that
• 11:35
  Speaker 3: is really costing you thousands of dollars. The second reason
• 11:39
  Speaker 3: is analysis paralysis. Ah yes, the old, let me understand
• 11:43
  Speaker 3: it better before I sign up trap. Salary packaging sounds complicated.
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  Speaker 3: There's jargon, fringe benefits tax, grossed up caps, RFBA, novation agreements,
• 11:53
  Speaker 3: and fees and teasencies. The small text can feel completely overwhelming,
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  Speaker 3: which usually tells our brain to stop and properly understand
• 12:02
  Speaker 3: things before we act. Which makes sense, the irrational brain,
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  Speaker 3: but Is it practical? Well, not really, because be honest,
• 12:08
  Speaker 3: when was the last time you actually went to go
• 12:11
  Speaker 3: do your own research or revisited something to properly understand
• 12:15
  Speaker 3: it before committing? Here's a mantra I want to offer
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  Speaker 3: you instead. You do not need to understand every single
• 12:21
  Speaker 3: detail of salary packaging to start using it. Just the
• 12:25
  Speaker 3: basic ones, which you are currently doing by listening to
• 12:29
  Speaker 3: this episode. Then follow up your learnings and any niggling
• 12:32
  Speaker 3: question at a quick catch up with your employer's salary
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  Speaker 3: packaging provider. It's literally what they're there for. That's their job.
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  Speaker 3: Put them to good use. Now, the third reason. I'm
• 12:44
  Speaker 3: familiar with this one. It's imposter syndrome. And hear me out.
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  Speaker 3: I don't mean this in a I'm professionally inadequate kind
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  Speaker 3: of way. I kind of mean the whole group of
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  Speaker 3: you don't realize that the eligibility criteria for these industry
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  Speaker 3: specific concessions actually applies to you. The number of times
• 13:01
  Speaker 3: that I've heard people say, oh, I thought that was
• 13:03
  Speaker 3: just like for doctors or that's only a thing for
• 13:06
  Speaker 3: the bigger schools. And I'm only a part timer in that. Victoria,
• 13:10
  Speaker 3: that doesn't apply to me. Will astonish you. I'm not
• 13:13
  Speaker 3: mincing my words when I say salary packaging in the
• 13:16
  Speaker 3: not-for-profit public health and education sectors is available to full-time,
• 13:20
  Speaker 3: part-time and in many cases casual employees. It's for nurses, midwives,
• 13:25
  Speaker 3: allied health professionals, admin staff, support workers, aged care workers,
• 13:30
  Speaker 3: early childhood educators, social workers, and people in charitable organizations
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  Speaker 3: of all sizes. You don't need to be a doctor
• 13:37
  Speaker 3: or have a high income. In fact, the salary savings
• 13:41
  Speaker 3: on salary packaging will often benefit you more proportionally if
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  Speaker 3: you're on a mid-range income because you're pulling your taxable
• 13:48
  Speaker 3: income out of a higher tax bracket. Number four... simply
• 13:53
  Speaker 3: not knowing anything about it. You don't know what you
• 13:56
  Speaker 3: don't know. And unfortunately, what you don't know could be
• 13:59
  Speaker 3: costing you money. One of the simplest reasons why people
• 14:02
  Speaker 3: aren't taking advantage of these concessions is because no one
• 14:06
  Speaker 3: took the time to tell them they existed. Not their employer,
• 14:10
  Speaker 3: not HR, not their mate who also works in the
• 14:12
  Speaker 3: industry and is benefiting from it, who maybe also didn't know.
• 14:16
  Speaker 3: Until now, of course. So there's one reason gone. Don't
• 14:20
  Speaker 3: let others hold you back. Now I'm going to explain
• 14:22
  Speaker 3: to you how to set this up step by step
• 14:24
  Speaker 3: so that you can turn your learnings into actual actions.
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  Speaker 3: But it would be foolish of me not to mention
• 14:30
  Speaker 3: one important thing so it doesn't get in the way.
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  Speaker 3: And that is reportable fringe benefit amounts of RFBA. I know,
• 14:40
  Speaker 3: I know, another acronym. I am so sorry, but I
• 14:42
  Speaker 3: promise you, this one is less about putting you off
• 14:45
  Speaker 3: and more about helping you understand why it matters so
• 14:48
  Speaker 3: it doesn't catch you off guard. So think about it
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  Speaker 3: this way. Your RFBA is the total value of benefits
• 14:54
  Speaker 3: you've received in an FBT year. So when your employer
• 14:59
  Speaker 3: provides you with a salary packaged benefit above a certain
• 15:02
  Speaker 3: threshold in an FBT year, specifically over $ 2, 000 worth of benefits,
• 15:07
  Speaker 3: they have to report on your income statement. And while
• 15:11
  Speaker 3: it's not income, it isn't taxed as income and you
• 15:14
  Speaker 3: don't pay tax on it, the RFBA is counted for
• 15:17
  Speaker 3: specific purposes by the ATO and various government agencies. For example,
• 15:22
  Speaker 3: it might help them figure out whether you've met your
• 15:24
  Speaker 3: HECS or help debt repayment threshold. It might also be
• 15:28
  Speaker 3: used to figure out whether you need to be paying
• 15:31
  Speaker 3: the Medicare levy surcharge or calculate your eligibility for certain
• 15:35
  Speaker 3: government benefits and subsidies like the childcare subsidy. My point
• 15:39
  Speaker 3: here is to not be afraid of salary packaging. It's
• 15:42
  Speaker 3: still a very lucrative system with tax savings that generally
• 15:46
  Speaker 3: outweigh the flow-on effects. and that it pays to be
• 15:49
  Speaker 3: mindful of where you stand on things that might be
• 15:52
  Speaker 3: impacted by it. Things like help debt, family benefits, and
• 15:55
  Speaker 3: private health insurance. As always, please seek independent financial advice
• 16:01
  Speaker 3: that takes into consideration your personal situation and accounts everything
• 16:06
  Speaker 3: before making a decision. All right, now you know the
• 16:09
  Speaker 3: what and why of salary packaging, I'm going to tell
• 16:12
  Speaker 3: you how to set things up right after the break.
• 16:18
  Speaker 3: Welcome back, my friends. Now, the first thing you should
• 16:21
  Speaker 3: know before setting up your salary packaging is to figure
• 16:24
  Speaker 3: out if your employer offers this arrangement or not. I know,
• 16:27
  Speaker 3: I know, it sounds super obvious, but it's the most
• 16:30
  Speaker 3: obvious step that people often skip because they just presume
• 16:34
  Speaker 3: that someone would have said something about it being available
• 16:36
  Speaker 3: or not to them. when really your employee is not
• 16:39
  Speaker 3: required to actively or proactively tell you about it. So
• 16:43
  Speaker 3: please ask. Better yet, open up a new email for
• 16:45
  Speaker 3: HR or your payroll contact and pop this in the body. Hi,
• 16:50
  Speaker 3: HR or payroll. I understand that our organization may offer
• 16:53
  Speaker 3: salary packaging as an employee benefit. Could you let me
• 16:56
  Speaker 3: know whether this is available to me in my current
• 16:59
  Speaker 3: role and who is the nominated salary packaging provider? Thank
• 17:03
  Speaker 3: you so much. That is it. The worst thing they
• 17:06
  Speaker 3: can say is, oh, we don't have a provider or sorry,
• 17:09
  Speaker 3: we don't offer this. In which case, you could recommend
• 17:12
  Speaker 3: working with them to help set it up and start
• 17:15
  Speaker 3: a pilot program for employee retention. Look at you bringing
• 17:19
  Speaker 3: in all the solutions. And if they're looking for a provider... PayWise, RemServe,
• 17:25
  Speaker 3: Maxia and SmartSalary are a few that are very commonly
• 17:29
  Speaker 3: used across Australian businesses. Your next step is to reach
• 17:32
  Speaker 3: out to your employer's provider and get the info that
• 17:35
  Speaker 3: is related to your specific situation. They have teams dedicated
• 17:39
  Speaker 3: to helping you understand your options and they will prompt
• 17:42
  Speaker 3: you for details about your income and employment status, so
• 17:45
  Speaker 3: come prepared. Then the provider will ask you to decide
• 17:49
  Speaker 3: on what to package. This is where you get to
• 17:52
  Speaker 3: choose what gets redirected through your arrangement so that they
• 17:55
  Speaker 3: can draw up a contract. If this task seems a
• 17:58
  Speaker 3: little bit daunting, consider the following things. What are you
• 18:01
  Speaker 3: already paying in terms of expenses? Is it a mortgage
• 18:04
  Speaker 3: repayment or rent? What about other debts like credit cards
• 18:08
  Speaker 3: or personal loans? Look at your essential outgoings and see
• 18:11
  Speaker 3: if they can be tucked into your salary packaging so
• 18:14
  Speaker 3: that your pre-tax income is directed there first. No change
• 18:17
  Speaker 3: to your lifestyle, just immediate tax savings. When it comes
• 18:21
  Speaker 3: to meal entertainment, consider the card as a separate easy win.
• 18:25
  Speaker 3: If you dine out at all, this is essentially a no-brainer.
• 18:29
  Speaker 3: So redirect what you're already spending on dining through to
• 18:32
  Speaker 3: the card and access that concession in pre-tax benefits. And finally,
• 18:37
  Speaker 3: complete your salary packaging arrangement. Even if the forms seem
• 18:41
  Speaker 3: fiddly and really boring, it's really important that you power through,
• 18:45
  Speaker 3: my friend. Once it's set up, it's done and all
• 18:48
  Speaker 3: of your future pay cycles are going to thank you
• 18:51
  Speaker 3: for it. Now, once it's set up, you might want
• 18:54
  Speaker 3: to put in a yearly calendar reminder to review the
• 18:56
  Speaker 3: terms to make sure that it's still reflective of the
• 18:59
  Speaker 3: way that you live. We recommend putting in a reminder
• 19:02
  Speaker 3: in for maybe end of financial year or April, which
• 19:05
  Speaker 3: is the start of the fringe benefits tax year. I
• 19:08
  Speaker 3: know that's really odd, isn't it? Anyway, reviewing it is
• 19:12
  Speaker 3: important because who knows what might have happened since setting
• 19:15
  Speaker 3: it up. You might have paid off a loan, changed
• 19:17
  Speaker 3: your mortgage, moved house or been promoted. Before we wrap,
• 19:21
  Speaker 3: I just want to stress the importance of covering your bases,
• 19:24
  Speaker 3: particularly when it comes to the RFBA. When you're considering
• 19:27
  Speaker 3: your salary packaging arrangement, please look closely at the numbers
• 19:31
  Speaker 3: if you're approaching your HECS debt repayment threshold. Please understand
• 19:36
  Speaker 3: whether any government benefits or subsidies may be affected by
• 19:39
  Speaker 3: your decision and keep your financial advisor and mortgage broker
• 19:42
  Speaker 3: informed if you're seeking a loan or applying for finance.
• 19:47
  Speaker 3: All right, my friends, I hope you have found this
• 19:49
  Speaker 3: episode informative and that you're now more curious than ever
• 19:53
  Speaker 3: about the possible concessions that are available to your sector. Remember,
• 19:58
  Speaker 3: salary packaging isn't designed for folk at the top of
• 20:01
  Speaker 3: the pay scale. It's designed specifically for workers where salaries
• 20:04
  Speaker 3: are typically lower than the private sector equivalent. and that
• 20:09
  Speaker 3: maybe there's a new way to make your money work
• 20:11
  Speaker 3: for you or a few thousand dollars waiting for you
• 20:14
  Speaker 3: at the end of this tax year. If you've enjoyed
• 20:16
  Speaker 3: this episode, please let us know or leave us a
• 20:19
  Speaker 3: review where you get your podcasts. If you have any
• 20:22
  Speaker 3: follow-up questions, please let us know in the comments or
• 20:25
  Speaker 3: slide right into our DMs. We'll direct you to the
• 20:27
  Speaker 3: next best resource. And as always, I'll include any of
• 20:31
  Speaker 3: the references mentioned in this episode in our show notes.
• 20:34
  Speaker 3: I'll catch you later in the week for another exceptional
• 20:36
  Speaker 3: edition of Friday Drinks. Until then, my friends, take care
• 20:39
  Speaker 3: of yourselves and of each other.
• 20:45
  Speaker 1: The advice shared on She's on the Money is general
• 20:48
  Speaker 1: in nature and.
• 20:48
  Speaker 3: Does not consider your individual circumstances. She's on the Money
• 20:52
  Speaker 3: exists purely for educational purposes and should not be relied
• 20:56
  Speaker 3: upon to make an investment or financial decision. If you
• 20:59
  Speaker 3: do choose to buy a financial product.
• 21:01
  Speaker 1: Read the PDS, TMD and obtain appropriate financial.
• 21:04
  Speaker 3: Advice tailored towards your needs.
• 21:06
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• 21:10
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