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

Search Results

Showing 151 - 160 of 650 results for "salary"

Rest firms up net zero pathway

ELIZABETH MCARTHUR  |  THURSDAY, 21 OCT 2021
... 48-year-old member has an account balance of $67,000 and earns around $48,000 per year. A member with this account balance and salary could be approximately $50,000 better off when they retire at age 67 in 2040 if the world acts to keep temperature rises ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... is for the government to set the most appropriate superannuation guarantee contribution rate. The paper states 10-12% of salary (based on current Age Pension and means testing rules) to be the most appropriate rate, which is a contrast to Retirement ...

Praemium appoints chief executive

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
... important time for the company." Praemium will pay Wamsteker $600,000 base pay including superannuation, up to 50% of base salary as performance-based short-term incentives, and performance rights as long term incentives. In May, Wamsteker replaced Michael ...

Booming market for financial services jobs

ELIZABETH MCARTHUR  |  TUESDAY, 10 AUG 2021
... increase overall in requests for risk and compliance professionals since the Royal Commission," Chisholm said. The average salary for roles Kaizen observed in the market last quarter was $139,000 and the highest salary it saw was $300,000. And, in good ...

Superhero launches super offering

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 JUL 2021
... investing in shares with their savings." He added: "We have been trained by the industry to blindly hand over 10% of our salary and then throw away the key for 30 years. We think it's time to say no to this." Through Superhero Super, members will ...

Eliminating debt prioritised over pension contributions

KARREN VERGARA  |  MONDAY, 19 JUL 2021
A new study from the US finds that workers would rather pay off debt than contribute as much as 10% of their salary to their pension plan. J.P. Morgan Asset Management's annual survey found that 65% of employees haven't been able to contribute to their ...

SG rise to benefit 6.7m Australians: ISA

KANIKA SOOD  |  FRIDAY, 2 JUL 2021
... CFS predicted a 45-year-old to gain $51,000 in at-retirement balance at 67 from SG increase, and $400,000 from maximum salary sacrificing. For 50-year-olds, it predicted a $36,000 increase from SG rise, and $296,000 from maximum contributions at new ...

Millennials to reap super reform rewards

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
... cap, they would retire with an additional $650,000. For a 45-year-old, the SG rise would add just over $51,000 while also salary sacrificing to the maximum limit would see them accrue an extra $400,000 by age 67. Meanwhile, a 50-year-old doing the same ...

Advisers jump onto paraplanning platform

KARREN VERGARA  |  WEDNESDAY, 2 JUN 2021
... advisers, who now don't have to spend $30,000 outsourcing paraplanning work, and save up to $80,000 per year, which is the salary for an experienced paraplanner, she said.

Magellan launches FuturePay

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... paid monthly on the 15 th of each month, paid early if it falls on a weekend or public holiday. "In my head it's a salary replacement," Cairns said.