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Showing 11 - 20 of 25 results for "Age Pension Asset"

AI Group pushes back against super gender gap reforms

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
The Australian Industry Group (AI Group) believes Labor's proposal to remove the $450 superannuation guarantee threshold will add more to employer costs than the retirement incomes of women. AI Group chief executive Innes Willox said Labor's ...

Pension changes will impact retirement adequacy

KERRIE SYDEE  |  FRIDAY, 12 AUG 2016
Impending changes to the aged pension asset test thresholds will have a significant impact on the number of couples able to achieve a comfortable retirement, according to new research from Willis Towers Watson (WTW). The joint research from WTW and ...

Government finds $2.9 billion from super tax

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... lower income workers, the Super Guarantee needs to rise from 9.5% to 12% sooner rather than later and a fairer age pension asset test with a taper rate of no more than $2 per $1000 of assets needs to be introduced." Other budget measures announced by ...

Super objective paves way for taxation changes

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... sustainable super system, more needed to be done to improve fairness in super." He noted that changes to the Age Pension Asset test - announced in the previous 2015 budget but due to come into effect on January 1, 2017 - would have a significant negative ...

Boomers surprisingly open to fair super tax changes

MARK SMITH  |  THURSDAY, 28 APR 2016
Contrary to the consensus view that older Australians are tired with super policy tinkering, a new survey of predominantly baby boomers shows that people are open to changes to the rules that promote fairness and contribute to the system's overall sustainability. ...

Labor will announce retirement income priorities

DARREN SNYDER  |  MONDAY, 21 MAR 2016
Federal Shadow Minister for Financial Services and Superannuation, Jim Chalmers, said Labor will soon announce its priorities for retirement incomes so voters know where they stand heading in to this year's election. The announcement will come on top ...

Not enough super users: Mercer

DARREN SNYDER  |  FRIDAY, 18 MAR 2016
Australia's retirement system is good but it could be doing better in several areas according to a modeling tool that tracks 10 of the industry's key indicators. The latest data coming from the AIST Mercer Super Tracker shows Australia's superannuation ...

Advisers have assets test top of mind

DARREN SNYDER  |  WEDNESDAY, 9 MAR 2016
Changes to the Age Pension assets test are top of mind for retirement-focused financial advisers according to the latest data from Challenger. Although test changes affecting Age Pension eligibility will come in to effect from 1 January 2017, Challenger's ...

ISA launches super tax plan

DARREN SNYDER  |  MONDAY, 14 DEC 2015
... contributions to $50,000 per year, rather than the current cap of $230,000. ISA is also calling for a fairer Age Pension asset test with a taper of no more than $2 per $1000 of assets. It also proposes level earnings taxes of 15% in accumulation and ...

Senate hears too many holes for women in super

DARREN SNYDER  |  TUESDAY, 6 OCT 2015
... savings of millions of Australian women," he said. ISA hopes the government will also review recent changes to the age pension asset test, the abolition of the Low Income Super Contribution which largely benefitted women, and the freeze in the scheduled ...