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Showing 151 - 160 of 208 results for "Comfortable retirement"

Tax conversation in a bubble

DARREN SNYDER  |  THURSDAY, 8 OCT 2015
... balances are being generated which are far larger than any reasonable person could ever need to fund a comfortable retirement," Chapman said. "Suggestions for reform are many and varied but mostly focus on taxing income paid out of superannuation on ...

Australian pre-retirees streets ahead of US

MARK SMITH  |  TUESDAY, 22 SEP 2015
Industry bodies often say people's super savings will not fund a comfortable retirement, but new stats from the US show just how far ahead Australia is. Figures from US researcher Bankrate show that 26% of Americans ages 50 to 54 have no savings. That ...

Super doing its job: Actuaries Institute

MARK SMITH  |  WEDNESDAY, 2 SEP 2015
... quartile and 44% for "middle Australia". While those in the top quartile income bracket will easily achieve a comfortable retirement, they still qualify for part-payment of the Age Pension (16% of their income over their lifetime). A median couple has ...

Australians are hardly retirement ready

DARREN SNYDER  |  THURSDAY, 27 AUG 2015
... the Age Pension, couples with similar income levels are expected to reach 98% of what is considered to be comfortable retirement savings ($58,444). This is based on the Association of Superannuation Funds of Australia (ASFA) retirement standards released ...

Put your tax return in to super

DARREN SNYDER  |  FRIDAY, 21 AUG 2015
... $150,000, Club Plus Super said. It is a potential solution to raising the extra $130,000 A needed for a comfortable retirement as suggested by the Association of Superannuation Funds of Australia (ASFA) earlier this week. Club Plus Super chief executive ...

Australians need another $130,000 for retirement: ASFA

DARREN SNYDER  |  TUESDAY, 18 AUG 2015
... updated ASFA figure suggests Australian's will need to increase their super balances by up to $130,000 for a comfortable retirement, now setting the bar at $640,000 for a couple. ASFA chief executive Pauline Vamos said recent changes to the Age Pension ...

Super and pension work together

ALEX BURKE  |  MONDAY, 3 AUG 2015
... superannuation, and specifically to debunk the "myth" that a $1 million super nest egg is necessary to ensure a comfortable retirement. It argues that this idea places an overemphasis on superannuation balance sizes and ignores the importance of ongoing ...

Age pension kept at highest indexation rate

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
... retirement," she said. "While people may have different expectations of what they will need to spend to live a comfortable retirement, the retirement standard sets a benchmark for the minimum amount required." Under the current Age Pension assets test ...

Industry bodies respond to Hockey's tax debate

ALEX BURKE  |  MONDAY, 30 MAR 2015
... balances, is needed so that they can be better targeted to those who most need the concessions to achieve a comfortable retirement, while minimising the draw on the Age Pension." AIST chief executive Tom Garcia also agreed with a superannuation concessions ...

IGR proves current welfare level is unsustainable: FSC

LAURA MILLAN  |  FRIDAY, 6 MAR 2015
... "It's time to face the reality that Australians are living longer and will need to work longer to achieve a comfortable retirement." She noted that "by 2055, there will be 2.7 working Australians for every Australian over 65 compared with 4.5 at present. ...