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Showing 231 - 240 of 677 results for "Age pension"

SG debate puts super in a spin

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... said. "Winding back the super guarantee would leave Australians worse off at retirement and increase the burden on the age pension. It's bad policy and the Government should rule it out. "The last thing working Australians need is a contrived case ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
The Federal Government has announced changes to deeming rates, a move welcomed by over 600,000 age pensioners. The Department of Human Services (DHS) will backdate deeming rates from 1 July 2019. The lower deemed rate will drop from 1.75% to 1%, while ...

Grattan SG claims slammed by industry bodies

HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
... latest output is based on unsound assumptions regarding average earnings, working patterns, the future rate of the Age Pension, how the means test for the Age Pension works, and most importantly working Australians' aspirations for a dignified retirement," ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... savings incentives so that that super can do what it was designed to do for middle Australia, which is to supplement the Age Pension," she said. Wages have been flat for some time and there have been no SG increases since 2014, Goodwin said.

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... million, which applies when the member moves their super savings into retirement phase. It is not exempt from the Age Pension means test. Minister for Housing and Assistant Treasurer Michael Sukkar said: "I am pleased to announce that contributions have ...

Government extends early retirement scheme

ELIZABETH MCARTHUR  |  MONDAY, 8 JUL 2019
... will extend the concessional tax treatment of genuine redundancy and early retirement scheme payments to those under age pension qualifying age. The Treasury Laws Amendment (2019 Measures) Bill 2019 will amend the tax law to extend the concessional tax ...

Super delivers for the masses: Challenger

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
... previously been achievable," Challenger wrote in its Retirement Income Research paper. How super balances interact with the Age Pension assets test is important for retirees as the average, large APRA fund member in retirement phase is not eligible for ...

How key is gender in retirement outcomes?

HARRISON WORLEY  |  TUESDAY, 18 JUN 2019
... growing aged care costs, the presenters also ran through several opportunities for potential reform. Simplifying the Age Pension, embedding longevity adjustments and setting targets for Government expenditure were all offered by the assembled experts ...

SG below 10% fails super objective

HARRISON WORLEY  |  FRIDAY, 7 JUN 2019
... system fail its primary objective. Pointing out compulsory super was designed primarily to substitute or supplement the Age Pension, Rice Warner said the system's objective was broad, and did not deal with adequacy. However, it said "intuitively" the ...

Navigating the new Pensioners Loan Scheme

KANIKA SOOD  |  THURSDAY, 6 JUN 2019
... instalments, according to AMP's modelling. "Part or full age pensioners can borrow the difference between the current age pension and the maximum 150% rate. For example, a single person on a full age pension of $24,000 could borrow up to $12,000 ...