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Showing 191 - 200 of 690 results for "Age Pension"

Confusion over retirement income objectives

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... that should be. The Retirement Income Review report found the role of the pillars - superannuation, savings and the Age Pension - have to be determined in terms of how they can contribute towards achieving the system's objective. Many submissions the ...

Imbalance in generational retirement income: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... encourages Australians to rely on their own savings to fund retirement but the burden on younger generations to fund the Age Pension should not become unsustainable, the Retirement Income Review has stated. The review noted the Age Pension is funded ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Age Pension is a vital pillar of the retirement income system and provides most Australians with a minimum standard of living but a new approach is required to ensure retirees that rent reach this goal. The long-awaited Retirement Income Review ...

SG verdict: Choose your own adventure

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... assets, then with the SG rate remaining at 9.5%, most could achieve adequate retirement incomes when combined with the Age Pension....Maintaining the SG rate at 9.5% would improve the sustainability of the system," the report states. The Michael Callaghan ...

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... based on a suggestion from the World Bank in 2008. The review noted that currently Australia has three pillars: the Age Pension, compulsory superannuation and voluntary savings. Additionally, many have pointed to household capital and home ownership ...

Homeowners given preferential treatment: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review found the treatment of housing in the Age Pension assets test provides more support to homeowners compared to non-home owners. The review found the preferential treatment given to home ownership leads to inequities in the ...

Household capital remains key: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... influences retirement incomes. Households with more financial assets at retirement are generally less likely to rely on the Age Pension for retirement income," the review said. "Less liquid wealth, such as housing, can also support people in retirement ...

Frydenberg unveils Retirement Income Review

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... Jane Hume, that will form the foundations of future policies. The review went through the three pillars being the Age Pension, compulsory superannuation and voluntary savings with a fine tooth comb. Frydenberg said the review has established a fact base ...

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... expects comment on the adequacy of the current rate of superannuation contributions, home ownership via superannuation, age pension eligibility criteria, allocation to longevity products, spending patterns and the vehicles for superannuation. The report ...

Majority of Aussies want SG rise: ASFA

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
... (ASFA). ASFA said 1375 Australians were surveyed in October by Utting Research about their views on superannuation, the Age Pension and standard of living expectations for retirement. Respondents to the survey were asked whether they support the superannuation ...