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Showing 471 - 480 of 1434 results for "The Age"

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... appropriate savings incentives so that that super can do what it was designed to do for middle Australia, which is to supplement the Age Pension," she said. Wages have been flat for some time and there have been no SG increases since 2014, Goodwin sa ...

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... of $1.6 million, which applies when the member moves their super savings into retirement phase. It is not exempt from the Age Pension means test. Minister for Housing and Assistant Treasurer Michael Sukkar said: "I am pleased to announce that contributions ...

Government extends early retirement scheme

ELIZABETH MCARTHUR  |  MONDAY, 8 JUL 2019
... looking to change this so that to qualify an individual must in addition to satisfying other criteria, have not reached the age at which they qualify for the age pension on the day of dismissal or retirement. This is to bring the law into line with the ...

MLC Super updates TPD cover, premiums

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
... family home, grocery shopping, meal preparation and laundry services, as well as looking after dependent children under the age of 16 years. Casual or contract workers; members who work less than 15 hours per week; those working in high risk occupations ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
... comes despite Rainmaker analysis of APRA data revealing Future Super has one of the highest proportions of members under the age of 25, at 19%. While not specifically targeting young people, the PYS provisions for low-income members will force many funds ...

Super delivers for the masses: Challenger

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
... previously been achievable," Challenger wrote in its Retirement Income Research paper. How super balances interact with the Age Pension assets test is important for retirees as the average, large APRA fund member in retirement phase is not eligible for ...

How key is gender in retirement outcomes?

HARRISON WORLEY  |  TUESDAY, 18 JUN 2019
... Australia's growing aged care costs, the presenters also ran through several opportunities for potential reform. Simplifying the Age Pension, embedding longevity adjustments and setting targets for Government expenditure were all offered by the assembled ...

More Australians retire with big mortgages

ELIZABETH MCARTHUR  |  FRIDAY, 14 JUN 2019
New research analysing Australian Bureau of Statistics microdata shows that more Australians are retiring owing money on their mortgage. The portion of homeowners between ages 55 and 64 that owe money on mortgages has tripled since 1990 - from 14% to ...

DomaCom launches senior equity release product

ELIZABETH MCARTHUR  |  THURSDAY, 13 JUN 2019
... product launched this week with an accreditation course that will enable advisers to provide sign-off to seniors over the age of 60 who are looking for an equity release on their home. It is the first equity release to be issued as a financial product ...

Final farewell for industry association

JAMIE WILLIAMSON  |  FRIDAY, 7 JUN 2019
After more than 96 years as a recognised industry association, members of the Superannuated Commonwealth Officers of Australia have come together for the last time. About 100 of the industry body's remaining members attended its final meeting - a special ...