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Showing 91 - 100 of 1232 results for "Retirees"

Shift needed in retirement income advice: Allianz Retire+

MATTHEW WAI  |  FRIDAY, 14 FEB 2025
... service, with around 90% Australian advisers focused on servicing individuals between 50 and 60 years of age, namely pre-retirees. It is also arguably the most intellectually demanding sector, with a complex and ever-changing regulatory landscape. The ...

Most retirees who rent live in poverty: Grattan Institute

ANDREW MCKEAN  |  MONDAY, 10 FEB 2025
Most retirees who rent live in poverty, including more than three in four single women, and this problem is set to get worse, according to a Grattan Institute report. While the Age Pension provides an adequate, albeit modest income in retirement for ...

SMC pushes for DBFO to curb retiree tax bills

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2025
... those with a moderate balance, being between $100,000 and $400,000. Just 17% of Australians, including 26% of current retirees, have sought advice from their super funds. Meantime, 80% of Australians aged between 45-54 need advice but can't afford it ...

How much is needed to maintain your standard of living in retirement?

ANDREW MCKEAN  |  FRIDAY, 24 JAN 2025
... Australians work out how much they'll need to save for a lengthy retirement, provided they own their home outright. For single retirees aged 65 planning to spend at a "mid-level" - $1650 per fortnight or $43,000 per year - SCA said $310,00 in savings ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... will receive just over $20 billion in superannuation taxation concessions. This at a time when around 23% of Australian retirees end their working lives in poverty, compared to 11.1% in Sweden and 3.8% in Norway," he said. "Superannuation tax concessions ...

Grattan Institute renews calls for best-in-show super funds, partial annuitisation

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... Australians' superannuation and implement the 'best-in-show' list of funds to help simplify a "complex" system and allow retirees to spend their savings with confidence. The new report, Simpler super: Taking the stress out of retirement ...

How to simplify super to get better retirement outcomes: Mercer

ANDREW MCKEAN  |  MONDAY, 13 JAN 2025
... objective of superannuation, which was legislated late last year. However, given the variety of behaviours among current retirees, it's unlikely that the government will prescribe or prohibit specific retirement income products in the foreseeable future. ...

Cost-of-living worries drain retirement confidence: MFS

KARREN VERGARA  |  TUESDAY, 17 DEC 2024
... said saving enough money for retirement was a major financial concern. On the bright side, confidence was higher among retirees drawing down on their super. About 38% are very confident that their savings and assets will provide sufficient cash flow ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... pension and other government support payments with super funds to deliver this, it said. The SMC also pointed out that retirees who take on occasional paid work during retirement are forced to have two super accounts: one for contributions and one for ...

Superannuation tax shakeup proposed by Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 9 DEC 2024
... accumulation and retirement accounts, which would "greatly improve" equity in the system. The paper noted that although retirees would pay higher taxes, those still working would enter retirement with higher balances to fund the additional tax. It also ...