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Showing 261 - 270 of 692 results for "Age Pension"

Inquiry denounces franking credit ban

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
... inquiry found the ALP policy was "inequitable and deeply flawed", and added the policy will see more people rely on the Age Pension. "In particular, abolishing refundable franking credits will unfairly hit people of modest incomes who have already retired ...

Ageing population poses budget threat

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... increase in spending represents a projected greater demand for government programs that support older Australians - the Age pension, aged care and health. The report says there will be a steady increase towards the 2028 spending numbers. The old-age ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
... in addition to the tax concessions, to boost retirement saving potential and in turn, reduce future pressure on the age pension and support better financial futures for all Australians." The Australian Institute of Superannuation Trustees were more critical ...

Treasurer courts retirees with new superannuation measures

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... test can make voluntary contributions to their super. "This will align the work test with the eligibility age for the Age Pension, which is scheduled to reach 67 from 1 July 2023," Frydenberg said. He is also proposing to increase the age limit for spouse ...

New retirement loan launches

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2019
... living expenses. Chief executive Joshua Funder said the loan combines a retiree's home equity, superannuation and Age Pension to provide adequate, reliable, lifelong retirement funding while the retiree continues to live at home. The loan can be used ...

Super needs a clear objective: Cooper

HARRISON WORLEY  |  THURSDAY, 21 FEB 2019
... led as opposed to meeting the objective. "Even if your objective was as simple as supplementing and replacing (the Age Pension) it's very hard to see how these changes are actually assisting the outcome." Cooper's point came full circle later in the ...

SMSFA turns up the heat on franking debate

HARRISON WORLEY  |  THURSDAY, 21 FEB 2019
... grown from $500 million to whatever it is...$5-6 billion." He said it would eventually force more people onto the Age Pension, and said many would use the money they had built up to give to their children before reverting to the pension. "It will force ...

Actuaries Institute welcomes retirement income reforms

JAMIE WILLIAMSON  |  TUESDAY, 19 FEB 2019
... In doing so, the institute said it strongly supports the notion that trustees should consider eligibility for the Age Pension when considering a member's income in retirement. Income needs and spending patterns in retirement can and do vary significantly ...

Retirement expert joins Milliman

KARREN VERGARA  |  WEDNESDAY, 13 FEB 2019
... products that support the sector's new objective of providing income in retirement to substitute or supplement the Age Pension, it said. Former Milliman director of investment services Michael Armitage recently joined Mercer as head of investment ...

Labor reforms to increase welfare dependency

JAMIE WILLIAMSON  |  THURSDAY, 17 JAN 2019
... had not saved for retirement at all. "For example, an SMSF couple in pension phase with $1 million in savings and no Age Pension can now enjoy an annual income of $60,000 a year of which $42,000 is dividend income and $18,000 is a franking credit cash ...