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Showing 251 - 260 of 678 results for "expenditure"

Budget paves way for retirement income framework

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... Pension if she runs out of money, so she only withdraws the minimum amount from her account each year, forgoing certain expenditure for fear of running out of money. With planned reforms and under the retirement income covenant, the trustee of BestSuper ...

Retirement spending declines faster than believed: Research

KANIKA SOOD  |  TUESDAY, 1 MAY 2018
... four years early in their retirement. However, once they hit 80, their spending decelerated rapidly as their food expenditure - the largest component of essential spending - declined steeply. Even healthcare spending dipped at this point. Discretionary ...

Chief economist update: Not as good as it gets

BENJAMIN ONG  |  MONDAY, 30 APR 2018
History was made when North Korean supremo Kim Jung-un took one step south of the Korean DMZ (demilitarised zone) to shake hands with his southern counterpart, South Korea president Moon Jae-in. An epic in itself, it invalidates Rudyard Kipling's (re-phrased) ...

SMSFs investing restrictions unfair: Poll

KARREN VERGARA  |  MONDAY, 16 APR 2018
... recourse borrowing arrangement in their total superannuation balance, and the other ensures that non-arm's length expenditure is taken into account when determining whether the non-arm's length income taxation rules apply to a transaction. These measures ...

Royal Commission could lead to credit crunch: UBS

ALEX BURKE  |  WEDNESDAY, 28 MAR 2018
... scenarios could emerge. The first, the report explained, is that assessed household income is reduced and the household expenditure measure (HEM) increases over time. As a result of this, "the banks move towards responsible lending over time and the ...

MyRetirement products too pricey for super funds

JAMIE WILLIAMSON  |  MONDAY, 19 MAR 2018
... MyRetirement (CIPRs) products may not be due to a lack of initiative from superannuation funds but rather reluctance around expenditure. A running point of discussion at the recent Conference of Major Superannuation Funds was an idea the industry is ...

Housing affordability fuelling negative gearing backlash

JAMIE WILLIAMSON  |  FRIDAY, 16 MAR 2018
... of negative gearing and Capital Gains Tax concessions, which have been proven to fuel house prices and direct tax expenditure into unproductive assets. "Unlike superannuation - where investments are spread across a diverse range of assets, including ...

Chief economist update: Hostage to speculations

BENJAMIN ONG  |  FRIDAY, 16 MAR 2018
... The improving labour market is boosting household consumption. Figures from "Statistics Japan" show that consumption expenditure of two or more person households increased by 4.1% in the year to January 2018 in nominal terms and by 2.4% in real terms ...

Labor's imputation credit reform cops industry backlash

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
... executive Sally Loane, the current superannuation policy is working and helping to gradually reduce national taxpayer expenditure on the Age Pension. But this mooted change could put the brakes on that, she said. Constantly changing the rules and hitting ...

Time to move beyond "cheap and generic" retirement products: Milliman

ALEX BURKE  |  WEDNESDAY, 7 MAR 2018
... applied to the context of financial planning, which are revealed by Retirement ESP." As an example, he said that median expenditure for households aged 65-69 was $24,640 per annum, while the average was $33,944. The Retirement ESP sources bank transaction ...