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Showing 51 - 60 of 592 results for "Age Pension"

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... a high risk to their retirement savings and, by extension, increase the risk of higher fiscal outlays through the Age Pension. Commenting on the report, SMSF Association chief executive John Maroney said: "In 2019, our response to the CFR was that an ...

Cost of retirement in lockstep with inflation: ASFA

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... pension retirees receive as they struggle to deal with the global economic challenges they are facing. In contrast, the Age Pension remains affordable for the government in Australia where, in aggregate, retirees on average have larger private retirement ...

Confidence in a 'comfortable' retirement nears lows

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
... rising inflation. Investment Trends research director Dougal Guild commented: "In addition to relying on the government Age Pension, we are starting to see non-retirees making plans to reduce their spending and delay the start of their retirement in ...

Government eyes crackdown on super tax concessions

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
Concessional tax arrangements for high balance super funds will be reviewed by the government. Assistant treasurer and minister for financial services Stephen Jones spoke at the Australian Financial Review Super & Wealth Summit, saying the taxation ...

Australians worry about retirement - and maybe they should

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
... retirement income reduces or even runs out?" The report settles that this may result in retirees falling back on the Age Pension, which is less than ASFA's comfortable standard of living. As an alternative, it prescribed investing in efficient and ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
... to see a drop from $3 to $2 per fortnight. "I recognise that would be a fairer system but would also increase the age pension bill which is not what the government is trying to do currently but it is something we've been advocating," Knox said. Another ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... essential services - such as the National Disability Insurance Scheme (NDIS), hospitals, aged care, medical benefits, Age Pension and defence - growing faster than the economy. These spending pressures have become even more pronounced since the election," ...

Retirees are silent casualties of inflation: Challenger

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
... inflation the report suggests options like short term CPI-linked bonds, real assets that have underlying cash flows, the Age Pension which has in-built inflation protection, and a traditional defined benefit pension. Alternatively, the report recommended ...

AMP debuts hybrid retirement solution

ANDREW MCKEAN  |  TUESDAY, 18 OCT 2022
... when they die or exit the platform. The Lifetime Income account also qualifies as a lifetime income stream under the Age Pension rules meaning an investment in this solution qualifies for a 40% upfront discount on the Age Pension assets test. The other ...

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... the research said. "It would also bring other consequences for the government including increased spending on the Age Pension as well as reduced individual savings, which would in turn place increased reliance on government-funded age and health care ...