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Showing 31 - 40 of 1277 results for "The Age"

Cost-of-living crisis will persist into future: Study

KARREN VERGARA  |  FRIDAY, 15 SEP 2023
... months. Some 62% of the 6000 participants surveyed forced themselves to cut back on spending, while 36% sought to access the Age Pension for additional financial help. About one-third of respondents had a net household income of $1500 or less per fortnight ...

Young Aussies flock to SMSFs

KARREN VERGARA  |  THURSDAY, 14 SEP 2023
... contributions, rebalancing strategies, the indexation of contribution caps, and the removal of the work test for people under the age of 67. SMSF members appear to be enjoying tax-free earnings in retirement phase compared to APRA fund members. In contrast ...

Ring-fencing super for aged care adds complexity, cost: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 13 SEP 2023
... living costs. The superannuation advocacy body specifically criticised the unfairness of counting ring-fenced assets in the Age Pension means test, given these funds would be inaccessible to support retirement income. It also warned that ring-fencing ...

Investing in research generates threefold economic output

ROSE MARY PETRASS  |  THURSDAY, 7 SEP 2023
A major independent study has found that every dollar invested in Australian research generates $3.32 in returns. An independent report by ACIL Allen shows that research funded by the Australian Research Council (ARC) is varied and has a range of economic ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
... sustainability and a dignified retirement at the heart of superannuation policy while recognising the ongoing role of the Age Pension." "This objective offers a retirement aspiration which is fit for purpose, and worthy of our commitment to a future ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... Australian retirees to achieve a dignified lifestyle in their post-work years, as well as improve the sustainability of the Age Pension and take pressure off future federal Government budgets as the population ages." In line with ASFA, SCA also updated ...

Former AFA president Dugald Mitchell remembered

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
Dugald Mitchell, a former president of the Association of Financial Advisers (AFA), passed away on August 18 at the age of 89. Mitchell was an active member and leader of the AFA, playing key roles as a member of the National Education Committee and ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... 2023 Intergenerational Report by Treasury, which demonstrates superannuation will play a key role in reducing reliance on the Age Pension and supporting the economy. According to the report, mandatory superannuation will lead to a decrease in expenditure ...

Women less confident to retire: Vanguard

CHLOE WALKER  |  THURSDAY, 24 AUG 2023
... proportion of men felt moderately or very confident across a wide range of products and services from ETFs to annuities, the Age Pension and property. Vanguard head of super Shannon Nutter said: "There's a whole spectrum of circumstances that mean women ...

Super tax concessions cost less than future Age Pension savings: Mercer

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
... concessions, they end up drawing a higher Age Pension as their super balances diminish, primarily because of the assets test. By the age of 75, those in this model would see their total retirement income surpassing that of their counterparts who saved ...