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Showing 31 - 40 of 162 results for "Older Australians"

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has introduced more flexibility for older Australians by abolishing the work test, extending access to downsizer contributions and improving the Pension Loan Scheme. From 1 July 2022, those aged between 67-years-old and 74-years-old will ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... available to those 65 and over. Changes to the Pension Loan Scheme are also being introduced from July next year. Older Australians will also be looked after in the form of a $17.7 billion injection into the aged care system. Frydenberg announced the ...

Aged care expenditure to jump 37%

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... ear-marked for in-home facilities investment. While Australia's aged care system services just a small proportion of older Australians, its inability to cope with the current demand from its 340,000 users, according to figures published by the Australian ...

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... has released details about a few initiatives that will be included in the budget. The government will allow older Australians to contribute more to their super as one of its budget initiatives, this is being referred to as the Downsizer Scheme. The Association ...

Granny flat tax exemption to become law

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
... the creation, variation or termination of a formal written granny flat arrangement providing accommodation for older Australians or people with disabilities. Prior to the exemption, families faced a significant CGT liability in creating a formal or legally ...

Aged care RC unveils 148 recommendations

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
... challenge of meeting the needs of an aging population will only be met when we come together to ensure that older Australians have access to appropriate housing, funding, care, companionship and community. For some, residential aged care is a necessity ...

ASIC winds up Mayfair 101 debenture issuer

ELIZABETH MCARTHUR  |  MONDAY, 1 FEB 2021
... doing the right thing by investors. Especially those fund managers preying on unsophisticated investors, such as older Australians and retirees in regional Australia." The court heard in September 2020 that M101 Nominees was unstable because it was raising ...

Household capital a retirement solution: Research

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
... as long possible but limited superannuation and the rising cost of living is restricting this. Around 36% of older Australians live in a home that may be unsuitable for "ageing in place", without upgrades or renovations with around 29% believing they ...

Reverse mortgages used to extinguish debt

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
More older Australians are increasingly using reverse mortgages to pay off debt, a new survey found. RMIT University found two in five (44%) seniors used reverse mortgages to refurbish their homes after surveying over 9700 customers of Heartland Seniors ...

Confusion over retirement income objectives

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... is not "building wealth per se or facilitating estate planning". It is about providing a safety net so that older Australians achieve a minimum standard of living in retirement and avoid living in poverty. The concept of "equity" in the system must be ...