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Showing 401 - 410 of 677 results for "Age Pension"

Rising age pension costs unfair on young people: CIS

ALEX DUNNIN  |  WEDNESDAY, 2 MAR 2016
The cost of the age pension is growing so rapidly that it risks breaking Australia's intergenerational social contract, warns a new report. The report, 'The myths of the intergenerational bargain' by the Centre for Independent Studies (CIS), says that ...

FSC reveals six-point super plan

ALEX BURKE  |  MONDAY, 29 FEB 2016
... which give all Australians... an incentive to save"; and "Increase the preservation age in line with increases in the age pension and life expectancy." Commenting on the plan, FSC chief executive Sally Loane said, "Superannuation should not be raided ...

ISA slams super opt out proposal

MARK SMITH  |  MONDAY, 22 FEB 2016
... 30% a year if all of their super lump sum was converted into an income stream - a significant boost relative to the age pension alone. For a middle income earner, the super system will deliver them a retirement income 46% above the full age pension. ...

Industry bodies clash over pension proposal

MARK SMITH  |  MONDAY, 15 FEB 2016
... Association (CPSA) has branded "offensive" an Australian Chamber of Commerce and Industry (ACCI) proposal to turn the Age Pension into a loan recoverable against the family home. In a pre-Budget submission the ACCI said the Government should consider ...

Actuaries Institute asks for FSI to be implemented

MARK SMITH  |  MONDAY, 15 FEB 2016
... submission's assertion that changes to the retirement income system cannot be undertaken without consideration of age pension costs, aged care costs and all sources of potential funding, including retirees' housing wealth. "The Institute strongly supports ...

Industry bodies attack SG freeze speculation

MARK SMITH  |  FRIDAY, 5 FEB 2016
... retirement incomes of the majority of older Australians, but also lead to increased government expenditure on the Age Pension in the near future. Currently, the SG is scheduled to increase from 9.5% to 10% in 2021, and then incrementally up to 12% by ...

ISA says 15pct tax rebate no good

DARREN SNYDER  |  THURSDAY, 4 FEB 2016
... attractive for ordinary working Australians - failing to do so will reduce retirement incomes and increase reliance on the age pension," Whiteley said. "We need to take the opportunity to set the system up for the long term and achieve policy stability. ...

Treasury revises cost of super tax concessions

DARREN SNYDER  |  TUESDAY, 2 FEB 2016
... Contrary to what some commentators have claimed, the cost of tax concessions for super is not overtaking the cost of the Age Pension." ASFA believes the actual cost of tax concessions is more likely to be about $16 billion per year. "When you take into ...

Pensioners want DB decision reversed

DARREN SNYDER  |  TUESDAY, 2 FEB 2016
... Association (CPSA) has launched a campaign for defined benefit pensioners who received a shock in their first 2016 Age Pension payment. On behalf of DB pensioners CPSA is proposing to write to federal Treasurer Scott Morrison, federal Shadow Treasurer ...

Super's purpose under further scrutiny

DARREN SNYDER  |  FRIDAY, 22 JAN 2016
... superannuation for any purpose other than retirement could see an increased reliance on other government measures such as the Age Pension." The Association of Superannuation Funds of Australia (ASFA) said before any proposal to extend the uses of superannuation ...