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Showing 11 - 20 of 21 results for "TAPER RATE"

Part-pensioners short-changed by asset test changes

ALEX BURKE | WEDNESDAY, 30 NOV 2016

... living, retirees will need to generate 7.8% per annum following the changes. The reason for this is the doubling of the taper rate to a reduction of $3 per fortnight for every $1000 in assets above the full pension asset test amounts. "In our low-return ...

Pension changes will impact retirement adequacy

KERRIE SYDEE | FRIDAY, 12 AUG 2016

... income target. Under the new rules only 51% of couples and 37% of singles will meet the target. From 1 January 2017, the taper rate will double from $1.50 to $3 per fortnight for every $1000 over the minimum thresholds, meaning that the eligibility for ...

Financial services given hand to protect seniors

DARREN SNYDER | FRIDAY, 27 MAY 2016

... independent review of the pension means test, should it win government - something National Seniors also supports. The taper rate changes announced by the Coalition in 2015, and due to take effect in January 2017, will see retirees with modest savings ...

Government finds $2.9 billion from super tax

DARREN SNYDER | TUESDAY, 3 MAY 2016

... 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 Morrison include allowing ...

Australians need another $130,000 for retirement: ASFA

DARREN SNYDER | TUESDAY, 18 AUG 2015

... have an impact on the savings people will need to live a comfortable retirement. "In particular, adjustments to the taper rate and thresholds for the assets test will impact how people plan to fund their retirement. While some individuals with relatively ...

Greens strike pension test deal with coalition

DARREN SNYDER | WEDNESDAY, 17 JUN 2015

... fortnight from January 2017. Morrison said those who lose access to the part-pension as a result of the increase in the taper rate, to the settings that were in place prior to 2007, will be guaranteed access to the Commonwealth Seniors Health Card. Austock ...

Age pension kept at highest indexation rate

DARREN SNYDER | TUESDAY, 12 MAY 2015

... need a joint superannuation balance of around $510,000 to achieve a comfortable retirement. Vamos said increasing the taper rate for part-pensioners from $1.50 to $3.00 per $1000 of assets, while also increasing the threshold at which the asset test ...

Morrison protects homes from Age Pension means test

DARREN SNYDER | THURSDAY, 7 MAY 2015

... $747,000 ($922,000) * Couple homeowners $823,000 ($1.15 million) * Couple non-homeowners $1.023 million ($1.298 million). TAPER RATE (by how much the pension is reduced) * Increases from $1.50 to $3 per $1000 of assets over the test-free threshold.

Seniors weigh in on super tax discussion

DARREN SNYDER | WEDNESDAY, 8 APR 2015

Seniors advocate group COTA Australia is encouraged that politicians and the broader community are realising the importance and inter-relation of superannuation, taxation, and age pension policies. COTA chief executive Ian Yates recently said the policies ...

Super escapes budget knives

ALEX DUNNIN | WEDNESDAY, 13 MAY 2009

... only put the screws into salary sacrificing by halving the concessional contribution limits, reduce the income assets taper rate, temporarily reduce the co-contribution scheme, and yet still hold in place the transition to retirement rules and protect ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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