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| | | ... inflation, he said. "Many retirees would have welcomed the recent decision to decrease the deeming rate in the asset test for the Age Pension but at the same time they have been facing increased costs of living and lower returns from investments, such ... |
| | | | ... contradicting itself when it recently released research claiming increasing the SG to 12% would not ease the burden on the Age Pension. Now, Grattan is claiming that an increase will leave workers poorer because it will reduce the amount they are entitled ... |
| | | | ... Mercer pointed out. The firm noted Grattan's assumption that workers are single when they retire ensures a skew in the age pension projection in its research. With 70% of workers retiring with a partner, Mercer said the age pension people receive ... |
| | | | ... financial year, compared to 13.8% of men," said FSC chief executive Sally Loane. Loane explained that one in four people under the age of 30 held more than one job in 2016-17, with the highest rate of multiple jobs at around age 19. "Data also shows ... |
| | | | ... off their super in retirement. The survey also found Australians are concerned about the prospect of greater reliance on the age pension as a result of not saving enough super, with 66% concerned by the costs of supporting more people through the pension. ... |
| | | | ... from compulsory superannuation lived in a "bubble" and were unaware of the difficulties faced by Australians living on the age pension without extra savings. Meanwhile, both sides of the Parliament yesterday launched into each other over super policy ... |
| | | | ... accounts, and for women." Fahy added that more Australians aspiring to be self-sufficient retirement and want more than what the Age Pension can provide. "They want to be able to have financial security in their old age to cover medical costs, aged care ... |
| | | | ... Linden said. "Winding back the super guarantee would leave Australians worse off at retirement and increase the burden on the age pension. It's bad policy and the Government should rule it out. "The last thing working Australians need is a contrived ... |
| | | | The Federal Government has announced changes to deeming rates, a move welcomed by over 600,000 age pensioners. The Department of Human Services (DHS) will backdate deeming rates from 1 July 2019. The lower deemed rate will drop from 1.75% to 1%, while ... |
| | | | ... Institute's latest output is based on unsound assumptions regarding average earnings, working patterns, the future rate of the Age Pension, how the means test for the Age Pension works, and most importantly working Australians' aspirations for a dignified ... |
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