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Showing 21 - 30 of 592 results for "Age Pension"

Cost-of-living crisis will persist into future: Study

KARREN VERGARA  |  FRIDAY, 15 SEP 2023
... Some 62% of the 6000 participants surveyed forced themselves to cut back on spending, while 36% sought to access the Age Pension for additional financial help. About one-third of respondents had a net household income of $1500 or less per fortnight and ...

Ring-fencing super for aged care adds complexity, cost: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 13 SEP 2023
... costs. The superannuation advocacy body specifically criticised the unfairness of counting ring-fenced assets in the Age Pension means test, given these funds would be inaccessible to support retirement income. It also warned that ring-fencing would ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
... sustainability and a dignified retirement at the heart of superannuation policy while recognising the ongoing role of the Age Pension." "This objective offers a retirement aspiration which is fit for purpose, and worthy of our commitment to a future ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... Australian retirees to achieve a dignified lifestyle in their post-work years, as well as improve the sustainability of the Age Pension and take pressure off future federal Government budgets as the population ages." In line with ASFA, SCA also updated ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... Intergenerational Report by Treasury, which demonstrates superannuation will play a key role in reducing reliance on the Age Pension and supporting the economy. According to the report, mandatory superannuation will lead to a decrease in expenditure ...

Women less confident to retire: Vanguard

CHLOE WALKER  |  THURSDAY, 24 AUG 2023
... of men felt moderately or very confident across a wide range of products and services from ETFs to annuities, the Age Pension and property. Vanguard head of super Shannon Nutter said: "There's a whole spectrum of circumstances that mean women aren't ...

Super tax concessions cost less than future Age Pension savings: Mercer

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
... According to a Mercer report, superannuation tax concessions for median income earners costs less than the future Age Pension savings from super. The Mercer Rethinking super tax concessions report shows under a model where individuals benefit from superannuation ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... contributions, could lead to considerable net budgetary savings. Additional savings could also emerge from a reduction of Age Pension payments due to increased superannuation balances for carers. Based on the 2023-24 budget papers, the initial annual ...

AMP rolls out new North features

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
... newly enhanced MyNorth Lifetime Super Calculator provides advisers with recommendations on strategies to maximise both Age Pension benefits and Centrelink Asset Test discounts. It includes structure capital in the accumulation phase to help clients better ...

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
... mitigate inflation risk. "For many retirees, the optimal retirement income strategy will comprise a tailored mix of Age Pension, ABP, and a lifetime annuity," it said. "Adjusting this mix can therefore be just as important as rebalancing allocations ...