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Showing 111 - 120 of 1243 results for "retirees"

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 ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... and secure - and continues to deliver a financially secure retirement income stream for millions of everyday Australian retirees," Schubert said. "An agreed objective of super in law supports more stable, effective and equitable policy settings and reinforces ...

More guidance crucial for aged care transitions: AMP

MATTHEW WAI  |  MONDAY, 25 NOV 2024
... severely. A further 40% are worried it will place a financial burden on their children. It also found that about 60% retirees preferred to age in the family home and half want to receive care in the home; about 70% are against moving into aged care facilities. ...

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... economy, which we identified in our intergenerational report." Chalmers said the new package of reforms will help give retirees peace of mind, help them make their super go further and provide more support to navigate retirement. "These changes will ...

Advice take up falls amid decade-low retirement confidence

MATTHEW WAI  |  FRIDAY, 15 NOV 2024
... pre-retiree Australians are well-prepared for their retirement in 2024 - the lowest number in a decade. In 2023, 41% of pre-retirees reported feeling confident and, with the exception of 2022, over the past decade the figure consistently sat above 40%. ...

NAB profits, earnings slide

MATTHEW WAI  |  THURSDAY, 7 NOV 2024
... shareholders are retail investors and these dividends are important income for this group, many of whom are mums and dads and retirees," chief executive Andrew Irvine said. Meanwhile, statutory net profit for the financial year came in at $6.96 billion ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
... the equivalent of an employer saying their bank account is down and they don't know when they can pay your wages. Retirees deserve better." In a statement to Financial Standard, ART said: "We sincerely apologise to members impacted by the technology ...

Australia's retirement system slides down rankings

MATTHEW WAI  |  WEDNESDAY, 16 OCT 2024
... focus on retirement income is the most significant improvement we can make to our system and the lives of Australian retirees as they live longer." Conversely, Mary Delahunty, chief executive of the Association of Superannuation Funds of Australia (ASFA) ...

Brighter Super increases retirement bonus

JAMIE WILLIAMSON  |  THURSDAY, 10 OCT 2024
... retirement bonus received by Brighter Super members just got bigger, with the fund increasing the incentive it pays to retirees who transition to a pension account. The Retirement Reward paid by Brighter Super has risen from 0.5% in FY23 to 0.8% for ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... data to compile a budget of what their spending may be, with guidance and examples to give a sense of how much other retirees spend," the report said. Some calculators had out of date information or inaccurate fee estimates. For example, AMP's calculator ...