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Showing 51 - 60 of 197 results for "Pensioner"

Chief economist update: 'Paradox of Thrift' in action

BENJAMIN ONG  |  THURSDAY, 12 SEP 2019
Like the fable of the "boiling frog" - put a frog into boiling water, the frog will jump out, put it in cold/tepid water and bring the water slowly to a boil and it will be cooked to death - the Australian economy is slowly being boiled... to death. ...

Deeming rate calculations should be independent: Poll

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
The majority of Financial Standard 's readership agrees the calculation of deeming rates should be appointed to an external, independent body. After the Federal Government lowered deeming rates from July 1, we wanted to find out if the Minister ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
... that 75% of age pensioners are not affected by deeming rates. "You can have well over $100,000 in the bank as a single pensioner, or over $200,000 as a couple and the deeming rate doesn't affect you. Most pensioners don't even have that level ...

Navigating the new Pensioners Loan Scheme

KANIKA SOOD  |  THURSDAY, 6 JUN 2019
Age pensioners may be able to borrow up to $54,000 against their family home from July 1 but retirees must weigh individual circumstances before applying for the revamped Pensioners Loan Scheme, says AMP. The scope of the Pensioners Loan Scheme, which ...

Life expectancy declining: KPMG

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2019
... median life expectancy has fallen by 0.2 years for current pensioners and 0.1 years for future pensioners. A current pensioner aged 65 for example, is expected to survive a further 21.9 years on average. However, a future pensioner currently aged 45 ...

Labor proposal targets low income earners: Association

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 MAY 2019
The Alliance for a Fairer Retirement System is arguing Labor's refundable franking credits proposal does not target the wealthy but impacts low income earners instead. Deborah Ralston, spokesperson for the Alliance and chair of the SMSF Association ...

SMSFA turns up the heat on franking debate

HARRISON WORLEY  |  THURSDAY, 21 FEB 2019
... 60 and 62 give away half your money to your children and build a granny flat or upgrade your home and become a part pensioner," he said. "And this will be the sensible investment strategy. People will get advice to do that. So where is the benefit? He ...

Curtain call for industry body after 96 years

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
... grateful for these things," Illidge writes in the submission. While the pensions do generally last the lifetime of a pensioner, Illidge said many former government employees are now living in or are on the brink of poverty. The OECD estimates about one-third ...

New Bill bolsters retirement income

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
A new Bill backing the viability of retirement income has been tabled before Parliament. Introduced in Parliament on November 29, the Social Services and Other Legislation Amendment (Supporting Retirement Incomes) Bill 2018 proposes three main measures ...

Tax treatment of granny flats under review

JAMIE WILLIAMSON  |  FRIDAY, 30 NOV 2018
The Federal Government has requested the Board of Taxation conduct a review of the tax treatment of granny flat arrangements and outline potential reforms to assist the prevention of elder abuse. Under existing tax laws, a homeowner may have to pay ...