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Showing 21 - 30 of 197 results for "Pensioner"

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... payments back to the earnings calculation increases the earnings rate and thus the tax liability; this is unfair to the pensioner." Moreover, under the proposed laws, retirees who rely on regular withdrawals from their account-based pensions to cover ...

Retirees feel the brunt of inflation: Challenger

CHLOE WALKER  |  TUESDAY, 24 JAN 2023
... also provides some protection from inflation, including the twice-yearly indexation of Age Pension Payments and the Pensioner and Beneficiary Living cost index. "There is additional inflation protection provided for retirees receiving a part of the Age ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
Social security measures relating to the Age Pension are among the most popular regulatory topics for Australian financial advisers, based on the questions they're asking BT's technical team. According to BT, the $4000 increase to the work bonus for ...

Delayed reforms put pensioners at risk: OECD

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
The OECD Pensions Outlook 2022 says that continuing with reforms to asset-backed pension arrangements is essential to improving retirement outcomes and the sustainability of retirement incomes, thereby building more inclusive pension systems. While ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
The Labor government has delivered small wins to pensioners in its Budget, but not all will reap the benefits. Treasurer Jim Chalmers has increased pensioners' earnings amount, with the temporary income bank top up to increase from $7800 to $11,800 ...

Most retirees want pension support through super: Report

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
New data shows that 70% of retirees want Age Pension support from their super fund. Link Group's Retirement Reality: Advice and the Age Pension whitepaper reveals that 74% of women and 67% of men want more support when it comes to the Age Pension ...

Government moves to amend military super benefits tax

ANDREW MCKEAN  |  TUESDAY, 26 JUL 2022
The government is introducing legislation that aims to ensure no veteran pays higher income taxes because of the Federal Court decision in Commissioner of Taxation V Douglas (the Douglas decision). The Douglas decision found that certain veterans' invalidity ...

Cash bonus and fuel excise cut

TOM WATSON  |  TUESDAY, 29 MAR 2022
... According to Treasurer Josh Frydenberg, the tax-exempt payment along with existing income support, "will see a single pensioner receive more than $500 in additional support over the next six months." The government has also followed through on a promise ...

Big spend on cost of living, defence

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... Pensioners have also been offered cost of living support. Together, with existing indexation arrangements, a single pensioner should receive more than $500 in additional support over the next six months. And those receiving the pension, along with anyone ...

CSC turns 100 years old

KARREN VERGARA  |  TUESDAY, 1 MAR 2022
The Commonwealth Superannuation Corporation, one of Australia's longest running funds with $58 billion in assets under management, celebrates its 100th year anniversary in 2022. The CSC launched as the Superannuation Fund Management Board (SFMB) in ...