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Showing 321 - 330 of 1241 results for "Retirees"

Super tax concessions to outstrip Age Pension by 2040: Report

KANIKA SOOD  |  MONDAY, 28 JUN 2021
... concessions will exceed the cost of Age Pension expenditure," it said. The maturing of super should result in future retirees being better off than current retirees, the report added. It expects median superannuation balance at retirement to increase ...

Family offices should supplement super

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
... management partner Michael Hutton says the passing of some superannuation bills in parliament recently should get wealthy retirees thinking about alternative options to complement their super. The tight superannuation contribution limits have reduced ...

Cost of group insurance declines

KARREN VERGARA  |  TUESDAY, 8 JUN 2021
... standard cover have increased by 8%. The standard cover on average is $240,000 for young members and $80,000 for pre-retirees. "The cost for this cover averages $3.62 per week for a 20-year-old, before hitting a high of $9.16 per week for members aged ...

Deborah Ralston joins Household Capital

JAMIE WILLIAMSON  |  THURSDAY, 13 MAY 2021
... population." Household Capital chief executive Joshua Funder welcomed Ralston and thanked Diamond for his service. "Australian retirees are on paper the wealthiest in the world. Unlocking the funds tied up in the third pillar of their balances, their ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... years old had 20 years in the workforce prior to the introduction of compulsory superannuation in 1992, thus allowing retirees to get more out of the superannuation system. "The removal of the work test for contributions will also increase flexibility ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... and Women in Super, who have all pushed for the threshold's removal as a means of reducing the gender super gap. Retirees will also benefit from no longer being required to meet a work test before making voluntary contributions to super from July ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
Individuals locked into legacy retirement products will now have the chance to transfer into newer, more flexible products without penalty under a new measure. The government is introducing a two-year amnesty for individuals in market-linked, life-expectancy ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... due to the ERS. If this trend doesn't slow and turn around fast, it won't be long before serious pressure mounts and retirees will only be able to take their superannuation as an income stream. Another is that personal contributions into superannuation ...

Aged care expenditure to jump 37%

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... is set for a major boost to address problems raised in the Royal Commission and prepare for the coming wave of aging retirees. Aged care expenditure will increase 7% during 2021-22 to $24.3 billion and by 37% over the next four years to $31.2 billion ...

Research aims to solve cash conundrum

ELIZABETH MCARTHUR  |  THURSDAY, 6 MAY 2021
... can potentially deliver higher returns than traditional defensive assets." Rady said he is particularly concerned about retirees who roll over a one-year term deposit, feeling that they are keeping their money safe and that they have no other options. ...