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Showing 1 - 10 of 93 results for "Means Test"

OECD recommends NZ overhaul pension system

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2026
New Zealand needs to reform its pension sector, increasing the age at which retirement savings can be accessed and no longer taxing those savings, according to the Organisation for Economic Co-operation and Development (OECD). In its latest report on ...

Cbus calls for tax reform on TPD payouts in pre-Budget submission

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2026
Cbus has used its pre-Budget submission to call for clearer, fairer tax settings on total and permanent disability (TPD) insurance payouts for members under 60 years of age. Cbus said such reforms could save workers and their families thousands of dollars ...

'Generous' UK State Pension reforms to hit expats

KARREN VERGARA  |  FRIDAY, 16 JAN 2026
The UK government's significant changes to its State Pension rules from April will impact many expatriates who are relying on these "generous" payments as an income stream, according to a financial adviser. From 6 April 2026, the UK State Pension ...

Pensioners to pay more under aged care reforms

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
... or duration of care, Wells explained. There will also be no change to how a person's home is assessed under the means test. Access to aged care will also be limited, with the bill seeking to legislate that aged care is for people aged 65 years or ...

Reconsider the home as a retirement income pillar: Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... through equity release schemes, such as reverse mortgages. Additionally, the paper proposed relaxing the Age Pension means test for a portion of the value of equity released from the family home when it is sold, for example, $300,000 per person or $600,000 ...

Adviser queries jump 40%: AMP

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
Financial advisers are focused on helping their clients navigate superannuation contributions, transfer balance caps, dealing with a death benefit and home ownership issues, according to the latest data from AMP Advice. TapIn, AMP Advice's technical ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
The final report from the government's Aged Care Taskforce suggests the amount paid by Australians accessing care should be determined by their personal wealth, including superannuation, rejecting the idea of an aged care levy. On the back of the ...

Older Aussies are retirement illiterate: Survey

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
Australians are pension-phase illiterate and blame the complex superannuation system for not understanding the basics about retirement, a new survey shows. A whopping 70% of 50-year-olds and over canvassed by AMP do not understand what an account-based ...

Ring-fencing super for aged care adds complexity, cost: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 13 SEP 2023
... superannuation advocacy body specifically criticised the unfairness of counting ring-fenced assets in the Age Pension means test, given these funds would be inaccessible to support retirement income. It also warned that ring-fencing would limit financial ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... Carer Payment could help. "It's a highly equitable policy, since recipients of the Carer Payment must satisfy a means test and therefore are on low incomes," Elkins said. "People who carry out unpaid caring work pay a price not only in terms of lost ...
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