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Showing 41 - 50 of 87 results for "Means Test"

Financial services given hand to protect seniors

DARREN SNYDER  |  FRIDAY, 27 MAY 2016
... National Seniors chief executive Michael O'Neill said. Labor has also committed to an independent review of the pension means test, should it win government - something National Seniors also supports. The taper rate changes announced by the Coalition ...

Super objective paves way for taxation changes

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... recommendations. We will also consult on how the new retirement income products will be treated under the Age Pension means test." These changes, which will generally take effect from 1 July 2017. Australian Institute of Superannuation Trustees (AIST) ...

Actuaries call for objectives across retirement system

DARREN SNYDER  |  FRIDAY, 8 APR 2016
... withdrawal factors for income streams. Lump sums above $195,000 to be taxed at 15% plus the Medicare levy. Maintain means test exemption on home equity releases. Establish specific target in relation to fiscal sustainability of the system (such as combined ...

Actuaries re-enter super housing debate

DARREN SNYDER  |  MONDAY, 14 MAR 2016
... Smartt said. Among several points, the paper discusses potential partial protection (up to a cap) from the Age Pension means test for amounts accessed under home equity release schemes and downsizing. It also discusses regulatory protection for the elderly ...

Advisers looking for longevity and aged care solutions

ALEX BURKE  |  WEDNESDAY, 9 MAR 2016
Aged care and longevity risk in retirement planning are becoming key concerns for financial advisers, as demonstrated by the first Challenger Financial Standard Technical Services Forum. Challenger head of technical services Andrew Lowe spoke first ...

Seniors react to Commission's retirement housing idea

DARREN SNYDER  |  WEDNESDAY, 2 DEC 2015
The Combined Pensioners and Superannuants Association (CPSA) has called on the federal government to create a policy that achieves housing security for all rather than acting on recommendations calling for retirees to sell down the family home. CPSA ...

Aged care concerns top Challenger advice list

DARREN SNYDER  |  FRIDAY, 30 OCT 2015
... on the stock exchange." Ralston said one of the things that underpins all of this reform is a single comprehensive means test. She said it is something that has been argued for the Age Pension for a long time and there are a lot of incentives to gain ...

Super doing its job: Actuaries Institute

MARK SMITH  |  WEDNESDAY, 2 SEP 2015
... delivering the Age Pension, the white paper highlights some changes that could be made to the current system. Lowering the means test thresholds would have greater impact on the higher wealth cohorts, including the value of the family home above a reasonable ...

Australians need another $130,000 for retirement: ASFA

DARREN SNYDER  |  TUESDAY, 18 AUG 2015
... setting the bar at $640,000 for a couple. ASFA chief executive Pauline Vamos said recent changes to the Age Pension means test, together with increases in the cost of living and life expectancy will have an impact on the savings people will need to live ...

Morrison protects homes from Age Pension means test

DARREN SNYDER  |  THURSDAY, 7 MAY 2015
... Social Services Minister Scott Morrison has confirmed that the family home will never be included in the Age Pension means test under a Coalition government. At the same time, a raft of pension reforms potentially saving $2.4 billion in the budget's ...