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Showing 2191 - 2200 of 6134 results for "Australians"

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
... at 9.5% will shrink Australian's final retirement balances by 12-18%, but increase working-life income by 2%. Australians will retire with 12% to 18% thinner final balances if the government sticks with its plan to increase superannuation guarantee ...

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... households aged 65 and over has increased from 2.3% of GDP in 2003-04 to 3.3% in 2015-16." The review noted that while all Australians receive support in the form of government provided services the type of service, and degree to which it is used, changes ...

Household capital remains key: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... invest in other savings vehicles," it said. The report noted that as the cost of housing has risen, as has the age of Australians holding a mortgage. The medium age for paying off a mortgage increased from 52 in 1981 to 62 in 2016, according to CEPAR. ...

Frydenberg unveils Retirement Income Review

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... how the retirement income system operates, better informing public policy and the retirement outcomes delivered to Australians. Frydenberg stopped short of confirming that the legislated superannuation guarantee (SG) will not go ahead next year, citing ...

Chief economist update: A wonderful set of numbers

BENJAMIN ONG  |  FRIDAY, 20 NOV 2020
The Australian Bureau of Statistics (ABS) has reported a large uptick in the number of Australians finding their way back into the workforce with 178,000 jobs added in October. "Today's job numbers confirm that Australia's economic recovery ...

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... the revamped heat maps test announced at the budget. Grattan has previously flagged it expects the review to find Australians have enough retirement income already and hence, a case for increasing SG doesn't exist. It also said it expects tax breaks ...

Aussies reunited with $1bn in lost super

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
... superannuation has been reunited with its rightful owners. The Association of Superannuation Funds (ASFA) estimates 700,000 Australians will receive lost super after super funds have sent ATO's latest consolidating lost and inactive account balances. ...

Mental health over financial health: Research

ELIZA BAVIN  |  THURSDAY, 19 NOV 2020
... personal and carers leave, employee assistance programs and extra paid parental leave. The study also found that 40% of Australians are suffering from some form of mental ill-health due to the ongoing pandemic while the vast majority (80%) of employers ...

Spaceship launches new managed fund

KANIKA SOOD  |  WEDNESDAY, 18 NOV 2020
... The Origin portfolio uses a rules-based portfolio (as opposed to active) and has exposure to fossil fuels. "Younger Australians have traditionally been disconnected from investing in domestic and global equities because of high fees, investment minimums ...