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Showing 491 - 500 of 677 results for "Age Pension"

Retirement phase top issue for super in FSI

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
... submission the Association of Superannuation Funds of Australia (ASFA) put the emphasis on limiting expenditure on the Age Pension, saying the aim should be to halve the number of Australians dependent on the Age Pension by 2050. ASFA expressed concern ...

ASFA asks FSI for clear targets to measure super success

MARK SMITH  |  WEDNESDAY, 27 AUG 2014
... called on the Murray Inquiry to set clear objectives against which the success of superannuation's role in reducing the Age Pension burden on public coffers can be measured. In its latest submission to the Financial System Inquiry the industry body set ...

SPAA defends SMSF tax rules

JAMES FERNYHOUGH  |  TUESDAY, 26 AUG 2014
... paying their fair share of tax, she stressed that, by funding their own retirement, they are taking pressure off the age pension. Slattery also said that, by focusing on taxation post-retirement, tax paid pre-retirement was being forgotten. "You need ...

FSC bids to lead retirement income debate

MARK SMITH  |  THURSDAY, 7 AUG 2014
... tax concessions cease at a certain accumulation point, lump sums versus compulsory or incentivised pensions, whether Age Pension and preservation ages should be aligned with life expectancy, the assets test and access to the Age Pension, the role of ...

Bowen supports lump sum status quo

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
... wide-ranging speech, Bowen took the opportunity to lambast the current government's polices on superannuation, the age pension and financial advice. He said Treasurer Joe Hockey had "failed to explain" why Australians "can be reasonably expected to work ...

Lump sum rules 'utterly unsustainable': Sherry

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
... to be changed. "In my view it's utterly unsustainable to have what we have in Australia, because we means test the age pension. If the age pension is going to 70 and your super access age is 60, there's a pretty obvious arbitrage." He said, while there ...

AIST slams Xenophon's super home loan proposal

JAMES FERNYHOUGH  |  FRIDAY, 1 AUG 2014
... relatively small amounts of savings from the superannuation system would see many more Australians reliant on the Age Pension and significantly worse off in retirement. Critically, they would miss out on the benefits of compounding interest and portfolio ...

FEATURE: Guiding the way to aged care

LAURA MILLAN  |  FRIDAY, 1 AUG 2014
... submission to the Financial System Inquiry (FSI). It noted that "government projections show that the means tested Age Pension costs over the next 50 years is not in itself a problem (2.7% to 3.7% GDP). However, when combined with aged care and health ...

Unmet SMSF advice needs a boon for advisers

ALICE URIBE  |  THURSDAY, 31 JUL 2014
... 2014 SMSF Planner Report revealed. The most common areas of unmet advice were inheritance and estate planning (27%), Age Pension and other entitlements (27%) and SMSF pension strategies (24%). These figures coincide with satisfaction for advisers being ...

FSI questions viability of franking credits

JAMES FERNYHOUGH  |  WEDNESDAY, 16 JUL 2014
... exemptions went to the top income decile. "To credibly promise superannuation tax concessions in retirement and an adequate Age Pension for those who will need it in the future, a strong Government balance sheet and policy settings that do not disproportionately ...