Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 162 results for "Older Australians"

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... pension. This means taxpayers end up underwriting future inheritances," the report reads. "Under this change, older Australians who are asset-rich, but cash-poor would not need to sell their homes if they didn't want to. They could draw down against ...

Super funds have the power to make change: Advocates

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... a disability so who you employ should mirror that." He said the time to engage with diverse members is now. "Older Australians, what do they have a lot more of? Potentially disabilities, as you get older long-term can become a problem. All the different ...

Australians are unprepared for retirement: Fidelity

ANDREW MCKEAN  |  FRIDAY, 20 JAN 2023
... lacking control in the retirement planning process. Fidelity's New Life Old Life report showed that a third of older Australians who planned their retirement did so earlier than anticipated, mainly due to personal health issues, caring responsibilities ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... pensioners, which incentivises seniors to earn more income from work, is top of mind for advisers right now. Older Australians who are eligible for the Age Pension can now earn up to $11,800 from working, without reducing their pension. The work bonus ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
... amount, with the temporary income bank top up to increase from $7800 to $11,800, before their pension is reduced. Older Australians will also be able to earn an extra $4000 without losing any of their pension due to a one-off bonus that aims to incentivise ...

Affordable housing in Budget spotlight

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
... Regional First Home Buyer Guarantee will help 10,000 new homeowners each year, backdated to 1 October 2022. Older Australians will also be further encouraged to downsize their homes, with the exemption of home sale proceeds from pension asset testing ...

Data demonstrates success of compulsory super: Report

CASSANDRA BALDINI  |  WEDNESDAY, 31 AUG 2022
... that 75% of retirees surveyed are satisfied with their financial security. McCallum said the survey revealed older Australians have felt the benefits of the compulsory super system. "It is truly a guarantee for a better later life, the report shows us ...

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... superannuation balance (TSB) of less than $1.7 million. The abolishment presents "significant opportunities" for older Australians who were previously restricted and unable to make larger super contributions. Further, the eligibility age for downsizer ...

Colonial reveals Australia's huge untapped workforce

ANDREW MCKEAN  |  THURSDAY, 16 JUN 2022
The Colonial First State Unleash Your Second Half report stated Australia has a huge untapped workforce of older Australians who would delay retirement for up to 10 years if they were able to switch careers. Upon investigation, Colonial found a strong ...

FPA names new chair

JAMIE WILLIAMSON  |  TUESDAY, 26 APR 2022
... planners and their clients. I am also conscious of the growing demand for financial advice, particularly among older Australians who are approaching retirement, and it is imperative that the compliance burden driving cost and accessibility are properly ...