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Showing 161 - 170 of 1430 results for "The Age"

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... make contributions for services to enjoy a dignified experience in aged care." Further, it said: "The taskforce suggests the Age Pension status of the participant, with some additional tiers for part-pensioners and non-pensioners, would be a fair and ...

Simple strategies to overcome gender super gap

KARREN VERGARA  |  THURSDAY, 7 MAR 2024
... there are other simple yet effective ways women can help curb financial stress in the future. Contributing to super from the age of 30 at an additional pre-tax $25 every week, for example, will result in an additional balance at retirement of $50,000. ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... mid-2060s when the last of those who accessed the scheme, currently aged in their 20s, begin to retire and qualify for the Age Pension. These costs are borne by future taxpayers, either explicitly via an increase in taxes or implicitly via a reduction ...

Annuities too expensive for most retirees: Research

JAMIE WILLIAMSON  |  THURSDAY, 29 FEB 2024
Analysis shows an annuity that pays an income equivalent to the Age Pension would cost a retiree more than $500,000. In researching whether annuities could solve superannuation's need for better retirement income stream solutions, Rainmaker Information ...

Super contribution caps to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... settings are in place to help people save for retirement and ultimately take pressure off the taxpayer by reducing demand for the Age Pension, so those who are in a position to make use of the increased limits next financial year should give serious ...

Younger Aussies embracing SMSFs, guidance needed

CHLOE WALKER  |  WEDNESDAY, 21 FEB 2024
... Class, which found that Gen X and Millenials represent 74.6% of all new SMSF establishments. What's more, women in the age bracket 35-44 are the biggest movers. She said the research suggests younger generations are seeking greater control over their ...

Aussies do not underspend in retirement, say super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... consent, the government should notify super funds about members' eligibility for pensions and other government support, like the Age Pension, so funds can tailor information to them. The SMC also said a comprehensive retirement test should be introduced ...

Economists share their top left field ideas for 2024

JAMIE WILLIAMSON  |  TUESDAY, 20 FEB 2024
Some of the nation's leading economists shared their Factor-X - also known as an X-factor - for the year ahead at this morning's Chief Economists Forum in Sydney, led by the man who coined the term, industry veteran Don Stammer. Appearing at his 18 ...

AustralianSuper calls for an 'account for life'

ANDREW MCKEAN  |  MONDAY, 12 FEB 2024
... of this income source with members' superannuation savings. This is critical as approximately 62% of Australians over the age of 65 receive government pension payments, and research shows fewer than half apply immediately upon eligibility, leading to ...

Rest awards mandate for member experience enhancement

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
Rest Super has contracted Reunion, a creative agency, to improve its member experience. Following a competitive tender, the nearly two-million-member strong superannuation fund said that it will work with Reunion to help members better understand and ...