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Showing 141 - 150 of 267 results for "Super Savings"

Pre-retirees understand super's objective

DARREN SNYDER  |  WEDNESDAY, 13 APR 2016
... be their main source of retirement income, only 45% of respondents are somewhat confident or very confident their super savings will last or be adequate for retirement. The federal government has accepted the Financial System Inquiry's recommendation ...

Super needs consolidation: Mercer

DARREN SNYDER  |  WEDNESDAY, 6 APR 2016
... sustainable retirement income that will last as long as they do," Walsh said. "We know Australians will outlive their super savings by five years on average and one in four will outlive their super savings by more than 10 years. We need more options ...

Gender super gap widest for women at lower income levels

WHITNEY FITZSIMMONS  |  TUESDAY, 5 APR 2016
... retirement savings gender gap is highest for women who work part-time and are in the bottom two tax brackets. The gap in super savings is most severe for females on lower taxable incomes; with those earning below the tax free threshold on average having ...

Indigenous workers retire with 27pct less: research

DARREN SNYDER  |  MONDAY, 4 APR 2016
... Research Cluster. The paper also found indigenous full-time workers will, on average, retire with about 27% less in super savings than non-indigenous workers. The cluster believes that 27% gap translates to a potential $165,000 less in super over a 40-year ...

Super effectively the same as lotto for younger Australians

ALEX BURKE  |  WEDNESDAY, 23 MAR 2016
... general manager of superannuation Melinda Howes said that this reflects a dire need for Australia to focus more on its super savings. "Australians' 'she'll be right' attitude just doesn't work when it comes to retirement. It doesn't make sense to financially ...

Industry bodies attack SG freeze speculation

MARK SMITH  |  FRIDAY, 5 FEB 2016
... to freeze compulsory super increases would cut a person's super balance at retirement by 20% and reduce national super savings by more than $900 billion by 2055. ISA modelling also shows the government would need to pay 6% more in age pension outlays ...

SMSFs to remain popular despite political uncertainty

DARREN SNYDER  |  WEDNESDAY, 3 FEB 2016
... driving down the costs of running an SMSF and the option may be worth considering among those who are focused on their super savings. "As the last few years have shown, younger people with lower balances are starting SMSFs earlier. There is no way to ...

Super's purpose under further scrutiny

DARREN SNYDER  |  FRIDAY, 22 JAN 2016
... to repay a HELP debt, their final retirement savings at age 67 would be reduced by about $54,000. It would take super savings well below ASFA's estimated amount required to maintain a comfortable standard of living in retirement. "It also does not make ...

Equip to pay super contributions during parental leave

DARREN SNYDER  |  THURSDAY, 21 JAN 2016
... August, attracted visits from nearly 4500 people who have been keen to use the comparator tool to see how their super savings stack up against men and women around their age. The campaign collected an award at the Australian Institute of Superannuation ...

Super changes won't close gender retirement gap: AIST

DARREN SNYDER  |  FRIDAY, 20 NOV 2015
... differences in lifetime earnings. "The persistent gender pay gap, currently at 18%, blows out to a far worse gap in super savings of 44%. We can't afford a system that fails half the population so badly," Campo said. "One of the key impediments to women ...