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Showing 191 - 200 of 677 results for "Age pension"

Effects of ERS not so bad: Grattan

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... said in line with Grattan's previous retirement modelling, many Australians will supplement their super with the age pension, so the impact for those who accessed ERS is not as bad as it may appear. "ERS played an important role. Obviously the risk ...

Super fund gets ahead of CIPR obscurity

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... superannuation. In another scenario, increasing the SG by 0.5% next year will improve the budget bottom line via lower Age Pension payments in the future and increased revenues on extra assets accrued through compound returns, the report reads. For this ...

Super remains grossly inequitable: Per Capita

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... load of domestic labour and care carried by women." According to the findings, 24.2% more women than men receive the Age Pension, with 31.5% more women than men on the full rate and 13% more on a part pension. More than a half a million single women ...

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
... slammed the government's early release of superannuation scheme, arguing it will significantly increase the long-term Age Pension costs borne by taxpayers. Total retirement incomes will be substantially lower, it said, while a spike in Age Pension expenditure ...

Pandemic heightened need for SG increase: ASFA

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... system. "ASFA considers that given substantial changes to the taxation of superannuation and the provision of the Age Pension in recent years there should now be a period of consolidation to allow the various changes to be bedded down," it said. "Stability ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
... option maintains substantial estate and withdrawal benefits, and for asset test affected clients it could improve Age Pension eligibility and outcomes. "This is a smart new defensive solution for providing income certainty, particularly given current ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... ISA said. "The bottom 20% of wage earners will lose $3000 a year in retirement and have little or no change in their age pension entitlement because they are already on the full rate." ISA went on to say the outcome will remain bleak despite Grattan's ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... will 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. "We expect ...

Domestic violence super reforms stall

ALLY SELBY  |  THURSDAY, 23 JUL 2020
... can't claim their share of super, for many women this means losing their only income in retirement beyond the age pension." At the time, Blakey said HESTA was working with WLSV to develop a streamlined and consistent process that all superannuation ...

SG does wonders for households: Research

JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
... guarantee is not only doing its job but has benefitted the economy as a whole and will continue to do so, stabilising Age Pension expenditure. Assuming the SG is raised to 12%, the amount spent on the Age Pension should drop to 2.6% of GDP over the period ...