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Showing 51 - 60 of 87 results for "Means Test"

CSRI identifies super flaws

ALEX BURKE  |  MONDAY, 4 MAY 2015
... priority policies that compel people to use their super for retirement incomes, including a thorough review of the pension means test." CSRI executive director and principal of superannuation policy and research at the University of New South Wales Patricia ...

Challenger negotiates Care Annuity compromise

JAMES FERNYHOUGH  |  THURSDAY, 18 DEC 2014
... said: "This is an appropriate outcome for our frail and vulnerable aged customers, who will continue to receive the means test treatment they expected when they bought their Care Annuities. "We agree with the DSS that the reliability and consistency ...

Lump sum rules 'utterly unsustainable': Sherry

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
... current rules need 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." ...

FEATURE: Guiding the way to aged care

LAURA MILLAN  |  FRIDAY, 1 AUG 2014
The new aged care reforms have brought in revised rules and more complex scenarios. Against this backdrop advisers will become even more necessary, particularly as more Australians consider their and their families' aged care needs, Laura Millan writes. ...

Age Pension to rise to 70 by 2035

MARK SMITH, JAMES FERNYHOUGH  |  FRIDAY, 2 MAY 2014
... anachronism in the context of contemporary Australia." The commission also recommended that property be included in the means test: "The commission considers that a proportion of the value of the principal residence should be included in the means test ...

Think tank calls to end super tax concessions

MARK SMITH  |  TUESDAY, 22 APR 2014
Australia's superannuation tax concession is too generous towards the wealthy and should be scrapped before it becomes an expensive drag on the country's finances, according to new research from the Australia Institute. The think tank said that tax ...

FSC lobbies against super "7 year gap"

LAURA MILLAN  |  WEDNESDAY, 16 APR 2014
The Financial Services Council (FSC) chief executive John Brogden has asked for superannuation access age to be lifted, to close the "seven year gap" with the pension age. "There is a 7 year gap between the age you can access your superannuation and ...

Retiree 4pct drawdown limits too high

ALEX DUNNIN  |  TUESDAY, 11 MAR 2014
New research released by the Financial Services Institute of Australia (Finsia) reveals that the standard 4% retirement income drawdown may be too high and inadvertently result in retirement funds running out too quickly. The research is detailed in ...

Aged care likely to cost more after July 1

LAURA MILLAN  |  MONDAY, 17 FEB 2014
... which means that the agreements will continue to be valid even after the new legislation comes in. Atkinson said that means test for aged care will be "considerably harsher" after July 1, including the value of the family home up to $144,500 in the assets ...

Advisers should review aged care strategies ahead of reform

AAP  |  MONDAY, 25 NOV 2013
Financial advisers are encouraged to review their clients' aged care strategies ahead of the July 1, 2014 reforms to ensure that the approach taken maximises cash flow and capital preservation. "There are a number of strategies that need to be considered ...