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Showing 41 - 50 of 592 results for "Age Pension"

Australia leads the way in pension system sustainability: ASFA

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... supported by it having a higher retirement age compared to other OECD nations. Additionally, Australia's flat rate age pension is targeted towards retirees with lower private income/assets, the report said. Meanwhile, global pressures on fiscal sustainability ...

Ending the super wars: Government acts to legislate an objective

ANDREW MCKEAN  |  MONDAY, 20 FEB 2023
... sustainability and a dignified retirement at the heart of superannuation policy while recognising the ongoing role of the Age Pension," said ASFA chief executive Martin Fahy. "This objective offers a retirement aspiration which is fit for purpose, and ...

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
... Australia Institute shows the cost to the federal budget of tax concessions is almost on par with the total cost of the Age Pension, with the think tank declaring the 'self-funded retiree' a misnomer. According to the insights, the annual cost of super ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... super tax reform, Knox concluded that the objective of Australia's retirement income system, encompassing both the Age Pension and superannuation, should enable most retirees to maintain their pre-retirement standard of living. However, the taxation ...

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... from more people accessing financial advice as it tends to lead to a lower reliance on social services such as the age pension with more dependence on personal assets come retirement. The FPA said it broadly supports the decision to implement the Compensation ...

Australians lack confidence in retirement: SSGA

ANDREW MCKEAN  |  WEDNESDAY, 25 JAN 2023
... respondents, with only 21% more concerned about budgeting for later years. "This could reflect the backstop of the Age Pension as well as a behavioural present bias. However, it could equally reflect an expectation that successful management of finances ...

Retirees feel the brunt of inflation: Challenger

CHLOE WALKER  |  TUESDAY, 24 JAN 2023
... example, on travel or entertainment, and a proportion of costs may also be covered by Medicare. Challenger said that the Age Pension also provides some protection from inflation, including the twice-yearly indexation of Age Pension Payments and the Pensioner ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
Social security measures relating to the Age Pension are among the most popular regulatory topics for Australian financial advisers, based on the questions they're asking BT's technical team. According to BT, the $4000 increase to the work bonus for ...

ASIC confirms advisers can offer home equity access guidance

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... provide advice on the HEAS. Additionally, the HEAS is often used in conjunction with other financial products, such as age pension entitlements and super pensions, or annuities, Miller continued.

Household Capital acquires Pension Boost

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
... mission to deliver scaled access to home equity." "We believe our proposition, together with superannuation and the age pension, provides the full package for retirees." Further, a Household Capital statement outlined that the acquisition of Pension ...