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Showing 431 - 440 of 677 results for "Age Pension"

Senate hears too many holes for women in super

DARREN SNYDER  |  TUESDAY, 6 OCT 2015
... savings of millions of Australian women," he said. ISA hopes the government will also review recent changes to the age pension asset test, the abolition of the Low Income Super Contribution which largely benefitted women, and the freeze in the scheduled ...

Seniors weigh in on national tax discussion

DARREN SNYDER  |  FRIDAY, 2 OCT 2015
... retirement at a relatively low cost to government expenditure. When both super tax concessions and availability of the Age Pension are taken into account, government assistance for retirement income is broadly equitable across the range of incomes in ...

Aussie pension policy needs careful adjustment: IMF

DARREN SNYDER  |  THURSDAY, 1 OCT 2015
... factoring in the long-term savings it brings to government. "We believe that because reducing future dependence on the Age Pension is a key objective of the super system and the tax super concessions, it is inconceivable that our public policy measurements ...

Super tax reform on hold for election

DARREN SNYDER  |  WEDNESDAY, 23 SEP 2015
... that is, the phase that is completely tax free. "Tax concessions in superannuation will exceed the cost of the entire age pension system in just four years." Bowen added that current superannuation tax concession arrangements are unfair to Australia's ...

Room to move on super investment fees

DARREN SNYDER  |  MONDAY, 21 SEP 2015
... superannuation funds in the 2015 financial year topped $23 billion, up 7% on last year and equating to about half the Age Pension bill. According to the researcher, the increase in fee revenue is largely explained by the 50% growth in funds under management ...

Government should super seed low income earners

DARREN SNYDER  |  MONDAY, 7 SEP 2015
... legislated, Super Seed is expected to see aggregate superannuation balances climb $440 billion by 2055 and reduce age pension outlays by $1.7 billion in that year. "Combined with increased earnings taxes on the higher level of savings around half of ...

MyPension product to solve retirement income hurdle

LAURA MILLAN  |  THURSDAY, 3 SEP 2015
... coherent unifying strategy is needed to deal with the interaction of the various financial elements of retirement - Age Pension, aged care, health care and the family home." The organisation added that there was a need to "extend the MySuper regime to ...

Retirement income is not one-size-fits-all

DARREN SNYDER  |  THURSDAY, 3 SEP 2015
... of $250,000 or less should pay off any outstanding debt and invest in an account-based pension, supplemented by the Age Pension. Under the framework retirees with more than $250,000 in super savings are encouraged to part-annuitise their retirement balance. ...

Super doing its job: Actuaries Institute

MARK SMITH  |  WEDNESDAY, 2 SEP 2015
... different age and wealth brackets as well as well as with different genders and marital status. It concludes that the Age Pension remains an important pillar for median wealth couples (those with an annual income post-retirement of $68,700 if they are ...

Give first home buyers access to super: CEDA

LAURA MILLAN  |  TUESDAY, 1 SEP 2015
... rather than to encourage retirement savings. "One option would be make the family home part of the assets test for the Age Pension and change superannuation payments to an after income tax payment, with all other super tax concessions removed. Alternatively ...