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

Search Results

Showing 1061 - 1070 of 1381 results for "Retirement Income"

Tax lump sums to beat longevity crisis: ASFA

MARK SMITH  |  THURSDAY, 16 MAY 2013
... the average life expectancy was much lower than it is today. In essence the system was designed to provide a retirement income for people who lived into their 70s not into their 90s." ASFA proposes removing withdrawal tax on any income stream members ...

Budget 2013-14 wrap up

ALEX DUNNIN  |  WEDNESDAY, 15 MAY 2013
... example, deferred annuities will in future be treated, for tax purposes, in the same way as other superannuation retirement income streams, noted Deloitte in their budget analysis. There will also be deeming of account based pensions under the social ...

Budget gets nod of approval from industry bodies

JAMES FERNYHOUGH, MARK SMITH  |  WEDNESDAY, 15 MAY 2013
Superannuation industry bodies have responded positively to last night's federal budget, generally agreeing that there were no major surprises. The Association of Superannuation Funds of Australia (ASFA) chief executive Pauline Vamos praised the government ...

SPAA gives support to Council of Super Custodians

JAMES FERNYHOUGH  |  MONDAY, 13 MAY 2013
... Jones, deputy chair and member of the Australian Prudential Regulation Authority (APRA), Jeremy Cooper, chairman, retirement income at Challenger Limited, Elana Rubin, former chair of AustralianSuper and Steve Tucker, former chief executive of MLC.

No need for more super bureaucracy: Cormann

LAURA MILLAN  |  FRIDAY, 10 MAY 2013
... Group. Deputy chair of the Australian Prudential Regulation Authority (APRA) Ross Jones, Challenger chairman of Retirement Income Jeremy Cooper, AustralianSuper former chair Elana Rubin, The Honourable Alan H Goldberg AO QC, and MLC former chief executive ...

Treasury releases draft EM for super changes

ALEX DUNNIN  |  TUESDAY, 7 MAY 2013
... superannuation taxation of high-pension payments. While the main aspect of its announcement was to introduce a 15% tax on retirement income stream investment earnings above $100,000 per annum, the announcement also included provision to increase contribution ...

Deferred annuity tax reforms safeguard retirees

MARK SMITH  |  THURSDAY, 18 APR 2013
... inconsistencies between the manner deferred annuities are treated by the Australian Tax Office, compared with other retirement income streams. Under the plans, DLAs will have the same concessional tax treatment that superannuation assets supporting income ...

CSC launches retirement income pension

MARK SMITH  |  FRIDAY, 5 APR 2013
The Commonwealth Superannuation Corporation (CSC) has launched an account-based retirement income product. To be known as the CSCri, the new product enables Public Sector Superannuation accumulation plan (PSSap) members a transition to retirement scheme ...

Superannuation to wield $6tr muscle by 2030

LAURA MILLAN  |  TUESDAY, 26 MAR 2013
... that superannuation access age will be merged over time with the pension access age because it is nonsense in a retirement income system to have a significant difference between the two," said Sherry. Frontier Advisors managing director Fiona Trafford-Walker ...

Challenger gets Lonsec approval on annuities

LAURA MILLAN  |  MONDAY, 11 MAR 2013
... true-to-label retirement products which do what they say they will do - making them ideal for providing bedrock retirement income," Challenger Life chief executive Richard Howes said. Howes told Financial Standard that the approval is a result of "an ...