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Showing 211 - 220 of 677 results for "Age pension"

Retirement funding system failing: Report

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... report 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 ...

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 ...

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
... play a role. "Robo-advice can give you technically correct optimisation across tax, investments, Centrelink and the age pension. But it actually doesn't empower individuals who don't understand that complexity and need coaching," he said. "To lose weight ...

Actuaries develop retiree rule of thumb

HARRISON WORLEY  |  THURSDAY, 7 NOV 2019
... thumb. The Rule of Thumb Working Group has developed a three-part rule for single retirees receiving a full or part Age Pension but not accessing financial advice, to help them understand how much to draw down from their retirement savings, as they continue ...

CommInsure eyes deferred lifetime annuities

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... portfolio] in that they can elect to defer the income payment start date," he said. On July 1, the government extended age pension concessional benefits to a wider range of retirement income products. Lytas also thinks that DLAs could find use in developing ...

Retirement income under review

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... review's terms of reference will examine the three pillars of the existing retirement income system: the means-tested age pension, voluntary savings (including home ownership) and compulsory super. An independent three person review panel including ...