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Showing 241 - 250 of 2469 results for "Budget"

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
The ASFA Retirement Standard for December quarter 2023 increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year. "Retiree budgets have been ...

Blossom launches new fixed income product

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
Blossom, an Australian fixed income app, has launched Blossom Plus, a managed fund that offers access to bond investments with a target return of 7%. The new product is designed for investors who want to maximise the value of the savings made on their ...

Unmet financial advice needs affect millions in Australia

ANDREW MCKEAN  |  FRIDAY, 8 MAR 2024
... of specific features in a digital advice offering, the most common types of tools already used by unadvised adults are budget planners (54%), retirement needs projectors (46%) and super contributions calculators (46%) - where all three also received ...

Retirement saving, investing daunting for women: Surveys

KARREN VERGARA  |  FRIDAY, 8 MAR 2024
Women continue to lack confidence in how much they can save for retirement and ability to invest compared to men, new surveys reveal. Only 30% of women are happy with the amount in their super fund, a survey of 1000 super members led by the Australian ...

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... government's new national strategy for gender equality, Working for Women, and will be factored into the May federal budget. It's expected to cost about $250 million a year, based on previous estimates by Treasury when the SG rate was still 9.5%. ...

Morrison divestment lifts Sequoia profits

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
... 43.7% - or almost $20 million - higher at $62.8 million. Normalised EBITDA was $3.6 million, slightly below the $4 million budget provisioned. This excludes the impact of items such as redundancies and acquisitions. Providing an outlook, Sequoia chief ...

SMC finds $38k nest egg boost for working mums

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... balances of the lowest paid women by 21%. These are two policy changes the SMC is putting forth to the upcoming federal budget in its submission. It also details the modelling in a new report called Securing a dignified retirement for more women. SMC ...

Treasury details winners from tax concessions on super contributions

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... receiving the lion's share of advantages. In a move to address this imbalance, the government, as outlined in the 2023-24 Budget, plans to introduce a 30% tax rate on superannuation earnings over a $3 million threshold. This change, scheduled to ...

Volatility an opportunity for skilled active managers: GSFM

ANDREW MCKEAN  |  WEDNESDAY, 24 JAN 2024
... to several structural factors that could be inflection points, such as higher neutral interest rates, because of a big budget deficit in the US, and retiring baby boomers depleting their savings. He also cited more involved regulators and growing protectionism ...

Gen Zs now 'loud budgeting': Research

CHLOE WALKER  |  MONDAY, 22 JAN 2024
Research by NAB shows Gen Z is embracing the latest TikTok trend and cutting back on their spending, saving an average of $450 a month. New NAB Economics consumer sentiment data has revealed more than half (56%) of Gen Z and younger Australians are ...