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Showing 251 - 260 of 693 results for "Age Pension"

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 ...

Labor policies boost superannuation agenda

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... super on paid parental leave and considering targeted government contributions for low-income earners; Keeping the Age Pension qualifying age or superannuation preservation age as is; Implementing a robust industrial-based default fund selection process ...

Labor proposal targets low income earners: Association

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 MAY 2019
... franking credits should remain. Rice Warner executive director Michael Rice said: "The present value of the maximum Age Pension for a couple who retires at 65 today exceeds $800,000." He argues that, while most retirees will eventually become eligible ...

Retirees to fall short: Research

HARRISON WORLEY  |  MONDAY, 29 APR 2019
... communications director Norman Morris said these intending retirees would be likely to rely on government benefits like the Age Pension "for some time yet." "A major problem facing the Australian government and individuals is how to fund the retirement ...

Income only falls by 11% in retirement: Grattan

KANIKA SOOD  |  TUESDAY, 16 APR 2019
... standards," Grattan said. "Many low-income Australians will get a pay rise when they retire, through a combination of the Age Pension and their compulsory superannuation savings." Grattan thinks the Government should scrap the legislated plan to boost ...