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Showing 171 - 180 of 690 results for "Age Pension"

Action on super gap slow, small

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... get less super - it perpetuates. Anything that helps address this inequality, I think that is great. It could reduce age pension costs in the future if people have more super." ASFA senior policy adviser Helena Gibson points out that there is support ...

HESTA endorses super splitting initiative

CHLOE WALKER  |  WEDNESDAY, 23 FEB 2022
... relationship for low-income families, it means many women are potentially losing their only income in retirement beyond the Age Pension." Commenting on the initiative, AIST chief executive Eva Scheerlinck said: "Simplifying the process of splitting superannuation ...

Pensioners could solve skills shortage

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
Increasing the number of work hours without affecting Australians' Age Pension could be the solution to the current skills shortage crisis. This is according to the Australian Chamber of Commerce and Industry, which is calling on the federal government ...

Australia improves super system quality

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
... continues to build member confidence and engagement, which will lead to further improvement. In Australia, where the Age Pension is a safety net, older women are at greater risk of homelessness and poverty, she said, adding that specific measures to ...

Challenger adds market-linked annuity

ANNABELLE DICKSON  |  TUESDAY, 5 OCT 2021
... are generally tax free if super money was used to invest. A lifetime annuity has the potential to boost a retiree's Age Pension entitlements under the asset test rules as 60% of an investment amount in a Challenger annuity is included as an asset to ...

Retirement Income Covenant closer to materialising

KARREN VERGARA  |  TUESDAY, 28 SEP 2021
... of retirement. This is "income paid from, or supported by, a superannuation interest in the entity; income from an age pension under the Social Security Act 1991 ", the four-page document shows. Minister for superannuation, financial services and the ...

ABPs alone won't meet retirement income covenant: Knox

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... discussion internally. If someone has a balance of $150[000 to] $200,000 and they single, they'll receive the Age Pension. Do they need a longevity product?" he said, adding such a person may still want certainty in their income in retirement. He ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... 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 Income Review's view of current ...

Advisers overlook home equity release strategies

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
... years old received advice on their private savings. For those over 65, just 18% received advice on Centrelink's Age Pension. Fourth Line chief executive David Travers suggests that the lack of advice on home equity drawdown strategies might not be ...

Super tax concessions to outstrip Age Pension by 2040: Report

KANIKA SOOD  |  MONDAY, 28 JUN 2021
By 2040, the government will be spending more on superannuation tax concessions than on the Age Pension, according to the fifth Intergenerational Report released today. The government currently spends about 2% of the GDP on superannuation tax concessions. ...