Search ResultsShowing 1 - 10 of 100+ results for "Age Pension"
Super chief opposes SG increase
ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2020
... people who will not save enough through this scheme to contribute in a meaningful way...This makes Government-funded age pension an important safety net." Baird said he does advocate for changes to be made to self-managed super funds, calling for additional ...
AustralianSuper SG modelling paints dismal picture
KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... low-income earners. "That is 6 million low income people that would be potentially totally reliant on the government age pension in retirement if not compelled to save in a mandatory system. A heavy burden on future taxpayers in an ageing population ...
Industry butt heads over super guarantee
ALLY SELBY  |  THURSDAY, 13 FEB 2020
... warned. "This means that taxpayers will need to support the lower paid or gig workers who will fall back onto the age pension system to a greater degree than otherwise." The Institute also believes many Australians are at risk of not having adequate ...
Retirement income review must focus on women: KPMG
HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... submission recommends making changes to the system across all three pillars, including reducing the impact on the age pension by incentivising an increase to contributions. "If we could draw up the retirement system with a blank sheet of paper, no doubt ...
Retirement funding system failing: Report
ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... said the purpose of the review is to ascertain the degree to which retirees are supported by superannuation, the age pension and other savings including home equity. "However, as evident from a recent survey, Australia's retirees do not feel fully ...
Beware the retirement trap
ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
New analysis from BetaShares superannuation and the age pension can have undesirable outcomes for some retirees, forcing them to ensure they have at least $600,000 squirrelled away ahead of retirement. BetaShares senior investment specialist Roger Cohen's ...
ISA slams ANU research as SG debate rears its head again
HARRISON WORLEY  |  MONDAY, 20 JAN 2020
... SG to 12% is tenuous unless the government adopts a stance that the primary aim of the increase was to replace the age pension where possible. "We are wary over the use of the SG to facilitate self-insurance against risks, noting that this could lead ...
Better retirement income products needed
ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
... income Jeremy Cooper said. "What this and other National Seniors research clearly highlights is that people treat the age pension and their own savings differently." Cooper said it's clear people fear running out of their own money, even though the safety ...
Bank of Mum and Dad forking out serious dosh
ALLY SELBY  |  TUESDAY, 14 JAN 2020
... you combined it as a gifting strategy five years prior to eligibility age, you could perhaps still qualify for the age pension." Theobald said the new trend had been spawn from decades of low interest rates and people gearing their investments to the ...
Industry fund pushes for simpler super splitting
ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... they can't claim their share of super, for many women this means losing their only income in retirement beyond the age pension." HESTA and WLSV announced they are developing a streamlined and consistent process that all superannuation funds will be able ...
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