Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 1095 results for "retirees"

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA  |  MONDAY, 3 APR 2023
... taxpayer-funded inheritance scheme". Grattan calculates that nearly 90% of super tax breaks are enjoyed by the top 20% wealthiest retirees. Super tax breaks amount to about $45 billion per year. The modelling put forth shows several areas that can make ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... gains tax, has drawn criticism from a top AFSL. Under the existing Superannuation Industry Supervision (SIS) regulations, retirees must draw a minimum pension amount based on their age when they start an income stream. This minimum amount must be withdrawn ...

Menopause: The silent economic crisis

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
... percentage of women between 55 and 59 that cite the same reasons is almost half at 23.7%, but the total number of female retirees in each age group is broadly similar, AIST said. AIST said a difference of 21.2% between otherwise identical cohorts amounts ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
The rising cost of travel, fuel and many food staples continue to aggravate the quality of living for retirees as inflation leapt 7.5% in the last year. Oils and fats (20.8%), domestic travel and accommodation (19.8%), milk (17.9%), gas (17.4%), fuel ...

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... stability. With CPI now at 7.8% as of the December quarter of 2022, inflation has become an increasingly pressing issue for retirees, who worry that their retirement income may not be enough to sustain their cost of living. Even if the Reserve Bank of ...

Senate inquiry to scrutinise proposed franking credit rules

ANDREW MCKEAN  |  THURSDAY, 9 MAR 2023
... contrast, Wilson Asset Management chair Geoff Wilson said the Bill will mainly impact low-income earnings, SMSFs, and retirees. "The Australian government doesn't appear to fully understand the importance of the franking system, as many of those ...

New front in super wars, stability at risk: Opposition

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... term investments and shifting the goal posts in ways that take away from super, rather than add to it, leaves Australian retirees in the cold. "This is not just a matter of principle, it is a matter of maintaining the social licence that underpins one ...

Australia leads the way in pension system sustainability: ASFA

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... retirement age compared to other OECD nations. Additionally, Australia's flat rate age pension is targeted towards retirees with lower private income/assets, the report said. Meanwhile, global pressures on fiscal sustainability are mounting. According ...

Dataset to ease policy planning for ageing population

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... Unretirement' as a result of a strong labour market and reduced opportunities for international and domestic travel for retirees. Between 2019 and 2022 Australia's labour force added nearly 179,000 workers aged over 55, representing around a third of ...

Allianz Retire+ launches new retirement income solution

CASSANDRA BALDINI  |  MONDAY, 20 FEB 2023
... flexibility and developed the solution in consultation with super funds and the adviser community. "When we talked to advisers, retirees, and super funds, it was unanimous. Retirees need certainty of income and the last thing they need is their income ...