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

Search Results

Showing 31 - 40 of 323 results for %22Aged Pension%22

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... pressures with interest payments and essential services - such as the National Disability Insurance Scheme (NDIS), hospitals, aged care, medical benefits, Age Pension and defence - growing faster than the economy. These spending pressures have become ...

Affordable housing in Budget spotlight

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
... from pension asset testing extended from 12 to 24 months. Further, access to the downsizer scheme will be expanded to those aged 55 to 59. However, ISA said the government did not take the necessary action to fix the average $4.7 billion a year in unpaid ...

Data demonstrates success of compulsory super: Report

CASSANDRA BALDINI  |  WEDNESDAY, 31 AUG 2022
... their capital was statistically more likely for men than women and for those who had helped a family member or friend access aged care. The standout reason for maintaining capital for most people was to fund medical or health needs. For the 77% of the ...

Most retirees want pension support through super: Report

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
... carried out in partnership with Retirement Essentials, explored the retirement needs of almost 1000 everyday Australians aged 65 to 75, who have either applied for the Age Pension or are approaching eligibility. It further revealed that 88% of retirees ...

Aussies don't need so much in retirement savings: SCA

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
... determine their financial needs in later life. According to Super Consumers Australia, an individual pre-retiree - those aged 55-59 - who wishes to spend $1308 per fortnight ($34,000 a year) will need to have $88,000 saved by age 65 on top of their Age ...

Global fintech Smart expands pension offering to Australia

CASSANDRA BALDINI  |  TUESDAY, 12 JUL 2022
... of research and development. As part of that, we recently spoke to over 2000 Australians and found that only 22% of those aged 55 and older feel like they understand their options at retirement, that's where we come in." "Our AI and guided navigation ...

Those most in need of advice see least value in it: Research

JAMIE WILLIAMSON  |  TUESDAY, 12 JUL 2022
... specifically to consumers seeking retirement planning and superannuation advice and who are in the pre-retirement age group (aged 55 or more)," the research states. The research was led by financial planning lecturer professor Chandra Krishnamurti and ...

Retirees doing it tough: ASFA

CHLOE WALKER  |  THURSDAY, 2 JUN 2022
... retirees is the largest seen in 12 years. According to ASFA's Retirement Standard figures for the March quarter, Australians aged around 65 living a comfortable retirement need to spend $65,445 per year and singles $46,494, up by 1.0% and 1.2% on the ...

Superannuation not a super solution to housing affordability

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
... would be like throwing petrol on a bonfire - it will jack up prices, inflate young people's mortgages and add to the aged pension, which taxpayers will have to pay for." "Super is meant to be for people's retirement, not supercharging house prices and ...

Government proposes further expansion of downsizer scheme

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
... minimum eligibility age if re-elected this weekend. At present, the downsizer superannuation scheme is only available to those aged 65 years and over. In the 2021 Federal Budget it was announced that the eligibility age would be reduced to 60 from July ...