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

Productivity Commission counters group insurance research

KARREN VERGARA  |  MONDAY, 29 OCT 2018
... Support Pension (DSP) payments. Additionally, super balances eroded by insurance premiums lead to greater Age Pension payments for some members. Taking tax implications into account, the Commission said insurance premiums reduce super savings and thus ...

ASFA slams Grattan's super proposals

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
... to future generations of retirees, because any increase in super savings will be largely offset by lower Age Pension payments for most households. Consequently, living standards of existing pensioners will reduce and unlikely materially close the relative ...

Government funds ATO superannuation taskforce

DARREN SNYDER  |  TUESDAY, 29 AUG 2017
... costs workers billions of dollars in lost superannuation, leading to poorer retirement outcomes and higher Age Pension payments. Scheerlinck added that requiring small employers to adopt STP for super payments was a critical element in addressing the ...

Actuaries call for objectives across retirement system

DARREN SNYDER  |  FRIDAY, 8 APR 2016
... will not have a sufficient amount of superannuation to live comfortably in retirement and will still require Age Pension payments at some period from age 67 onwards. "One of the objectives of superannuation should therefore be: To supplement the Age ...

AustralianSuper chief calls for man on the moon moment

DARREN SNYDER  |  WEDNESDAY, 25 NOV 2015
... super industry paid out more than $61 billion in super benefits. That's more than the government pays out on Age Pension payments," Silk said. "The super industry is doing a good job but that is not the question. "Because I think we have a significant ...

Raise preservation age with some exceptions: FSC

JAMES FERNYHOUGH  |  MONDAY, 26 MAY 2014
... increase private savings, improve living standards in retirement, boost government tax receipts and reduce age pension payments." Brogden said that a ten year gap between superannuation and Age Pension accessibility will mean some Australians will exhaust ...

ASFA calls for clarity on retirement income review

JAMES FERNYHOUGH  |  WEDNESDAY, 5 FEB 2014
... income test to include account-based income streams. It said such a measure could cost couples $1000 a year in Age Pension payments. "In effect, this measure would effectively 'mortgage the future'. While it will reduce Age Pension expenditures in the ...

Super tax subsidies don't favour the rich: Mercer

ALEX DUNNIN  |  TUESDAY, 14 FEB 2012
... funding. It's swings and roundabouts: what low-income earners miss in tax concessions, is made up for in Age pension payments," said Dr David Knox, a senior partner at Mercer's Retirement, Risk and Finance business unit. The core to Mercer's argument ...

Super should not be compulsory: Cox

RUTH LIEW  |  THURSDAY, 29 OCT 2009
... superannuation salary sacrifice limits and temporarily reducing the co-contribution scheme, along with a boost to age pension payments. Following this year's budget, then superannuation minister Nick Sherry, noted that the reductions were a response ...

Super concession cuts were overdue

ALEX DUNNIN  |  MONDAY, 18 MAY 2009
... co-contributions have spouses with incomes over $150,000." The superannuation changes combined with the boost to age pension payments are a significant step towards making the retirement income scheme fairer and will also lift retirement incomes adequacy ...
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