Search ResultsShowing 1 - 10 of 100+ results for "Age Pension"
Low inflation rate masks rising living costs woes
KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... "Many retirees would have welcomed the recent decision to decrease the deeming rate in the asset test for the Age Pension but at the same time they have been facing increased costs of living and lower returns from investments, such as term ...
Survey backs SG increases
KARREN VERGARA  |  MONDAY, 5 AUG 2019
... itself when it recently released research claiming increasing the SG to 12% would not ease the burden on the Age Pension. Now, Grattan is claiming that an increase will leave workers poorer because it will reduce the amount they are entitled ...
Mercer slams Grattan Institute
HARRISON WORLEY  |  FRIDAY, 2 AUG 2019
... out. The firm noted Grattan's assumption that workers are single when they retire ensures a skew in the age pension projection in its research. With 70% of workers retiring with a partner, Mercer said the age pension people receive is ...
Australians demand SG increase: ISA
HARRISON WORLEY  |  MONDAY, 29 JUL 2019
... in retirement. The survey also found Australians are concerned about the prospect of greater reliance on the age pension as a result of not saving enough super, with 66% concerned by the costs of supporting more people through the pension. ...
All options open for retirement income review
HARRISON WORLEY  |  FRIDAY, 26 JUL 2019
... superannuation lived in a "bubble" and were unaware of the difficulties faced by Australians living on the age pension without extra savings. Meanwhile, both sides of the Parliament yesterday launched into each other over super policy, with ...
Super working in favour of all members
KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... women." Fahy added that more Australians aspiring to be self-sufficient retirement and want more than what the Age Pension can provide. "They want to be able to have financial security in their old age to cover medical costs, aged care and ...
SG debate puts super in a spin
HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... "Winding back the super guarantee would leave Australians worse off at retirement and increase the burden on the age pension. It's bad policy and the Government should rule it out. "The last thing working Australians need is a contrived case ...
Government reduces deeming rates
KARREN VERGARA  |  MONDAY, 15 JUL 2019
The Federal Government has announced changes to deeming rates, a move welcomed by over 600,000 age pensioners. The Department of Human Services (DHS) will backdate deeming rates from 1 July 2019. The lower deemed rate will drop from 1.75% to 1% ...
Grattan SG claims slammed by industry bodies
HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
... output is based on unsound assumptions regarding average earnings, working patterns, the future rate of the Age Pension, how the means test for the Age Pension works, and most importantly working Australians' aspirations for a dignified ...
Increasing SG costly for middle Australia: Grattan
KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... savings incentives so that that super can do what it was designed to do for middle Australia, which is to supplement the Age Pension," she said. Wages have been flat for some time and there have been no SG increases since 2014, Goodwin said.
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