Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 54 results for "Preservation Age"

Higher pension age to drive increase in early super releases

ALEX DUNNIN  |  WEDNESDAY, 7 MAY 2014
... designed to avoid would-be pensioners arbitraging their entitlements. Early release of superannuation before the preservation age has been handled by the Department of Human Services since 2011. According to their own figures, only 18,000 people last ...

Age Pension to rise to 70 by 2035

MARK SMITH, JAMES FERNYHOUGH  |  FRIDAY, 2 MAY 2014
... single retirees with an annual income of more than $32,700 would not be eligible for any Age Pension. Regarding preservation age - the age at which members can begin drawing on their super - it recommended that it be lifted to five years below Age Pension ...

Industry asks for long-term, comprehensive approach to Age Pension

LAURA MILLAN  |  FRIDAY, 2 MAY 2014
... government to take a long-term, comprehensive approach to any changes to the Age Pension and to the superannuation preservation age, following the release of the National Commission of Audit report. The Australian Institute of Superannuation Trustees ...

Protection needed if pension age increased: AIST

LAURA MILLAN  |  TUESDAY, 15 APR 2014
... superannuation need to take into account the high numbers of involuntary retirees. "If it is inevitable that the preservation age is lifted in line with a higher retirement age, there may be a need to consider the merit of early release provisions for ...

New laws target promoters of early release schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
... or organisations that charge a fee for aiding clients in illegally accessing their superannuation before the preservation age, often involving the improper use of self-managed super funds (SMSFs). While the Superannuation Industry (Supervision) (SIS) ...

Industry bodies clash over pension age

LAURA MILLAN  |  MONDAY, 25 NOV 2013
... reaction from financial services industry bodies. The Financial Services Council (FSC) is in favour of raising the preservation age for superannuation and it argued that it will relieve "the increasing strain on the economy as the Australian population ...

NAB launches new set of real return portfolios

ALICE URIBE  |  WEDNESDAY, 2 OCT 2013
... Builder Strategy is for people in the accumulation phase, the Sustainer Strategy is for investors who are nearing preservation age and desire better capital protection, and the Provider Strategy is for retirees drawing income from their portfolio.

SSgA launches cheap lifestyle funds

MARK SMITH  |  TUESDAY, 20 AUG 2013
... Builder Strategy is for people in the accumulation phase, the Sustainer Strategy is for investors who are nearing preservation age and desire better capital protection, and the Provider Strategy is for retirees drawing income from their portfolio. The ...

Advisers warned to check pension start dates after new ruling

MARK SMITH  |  MONDAY, 5 AUG 2013
... should be embedded in the governing rules of the fund so that a pension automatically commences on attaining preservation age or satisfaction of an unrestricted release condition and can be switched off by the trustee simply not making any pension payment. ...

CSC launches retirement income pension

MARK SMITH  |  FRIDAY, 5 APR 2013
... transition to retirement scheme or a standard retirement income stream. It is aimed at members who have reached the preservation age of 55 years or older and wish to turn their super into a tax-efficient income stream within the Australian Government ...