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Showing 11 - 20 of 592 results for "Age Pension"

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
... matters, explained that such a framework would include support regarding optimal retirement age, debt management, Age Pension entitlements, retirement income needs, and anticipated future living expenses. It elaborated that the framework would build ...

Allianz Retire+ adds 'industry first' feature to AGILE

JAMIE WILLIAMSON  |  THURSDAY, 30 NOV 2023
... Guaranteed Income for Life (AGILE) product it launched earlier this year. The first major update is the introduction of the Age Pension+ option, which enhances eligibility for the Age Pension through reduced treatment for the assets test, while limiting ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... product. "A product modernisation regime would support the government's fiscal position, by lowering government Age Pension outlays and raising new tax revenue, by almost $1 billion in the next decade, without having to raise new taxes on superannuation ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... in an equitable and sustainable way, and encourages interplay with government support mechanisms, particularly the Age Pension. It also requires policymakers to justify how any future changes to superannuation law are consistent with the legislated objective ...

TelstraSuper launches option, retirement tool

KARREN VERGARA  |  TUESDAY, 31 OCT 2023
... impact of investment changes and lump sum withdrawals, or extra contributions made, and if a member is entitled to the Age Pension. Retirees can estimate if they are on track to achieve their lifestyle goals and see what impact different scenarios could ...

TelstraSuper launches retirement product

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... access their capital over a long period, based on life expectancy. Only 60% of the amount invested counts towards the Age Pension assets test until age 84, or for a minimum of five years, at which time it changes to 30%. "We know that many retirees are ...

Taskforce unveils recommendations for economic equality

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... lower wages, thereby making women poorer before they reach retirement. "Women are also more likely to rely on the Age Pension in retirement, given lower superannuation balances and longer life expectancies," the report said. Another recommendation pushes ...

Lack of income stream drags local retirement system: Report

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
... Knox said. Other suggestions for how Australia could improve include moderating the assets test on the means-tested Age Pension to increase the net replacement rate for average income earners; introducing a government superannuation contribution to primary ...

Treasury outlines plans to boost employment

CASSANDRA BALDINI  |  TUESDAY, 26 SEP 2023
... and income support recipients. Firstly, it will look to permanently enhance the work bonus for pensioners over the Age Pension age and eligible veterans. This will involve providing new entrants with a starting income bank balance and preserving the ...

Older Aussies are retirement illiterate: Survey

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
... currently impacted by complex means tests. "They can receive highly erratic cashflows because the amount of a part Age Pension varies considerably with the value of the pensioners' assets rather than the amounts they drawdown," he said. Aged care also ...