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Showing 51 - 60 of 151 results for "Poorer"

Survey backs SG increases

KARREN VERGARA  |  MONDAY, 5 AUG 2019
... debate of the benefits of increasing the SG, claiming that after crunching the numbers middle-income earners would end up poorer over their entire lifetime. Raising the SG from 9.5% to 12% would see a 30-year-old worker fork out $30,000, Grattan found. ...

SG debate puts super in a spin

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... praise the recent research of the Grattan Institute, who have claimed an increase to the SG would make middle-income earners poorer over their entire lifetimes. Paterson said Grattan, unlike others, did not stand to gain from an increase in super contributions. ...

Grattan SG claims slammed by industry bodies

HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
... to 12 per cent would not ease the burden on the age pension, today they are claiming that an increase will leave workers poorer, because it will reduce the amount they are entitled to through the pension," ISA said. "Both can't be true. Not only does ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
Lifting the Superannuation Guarantee will make middle-income earners poorer over their entire lifetime, new Grattan Institute research shows. Raising the SG from 9.5% to 12% would see a 30-year-old worker fork out $30,000 over their lifetime, Grattan ...

Super delivers for the masses: Challenger

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
... perfectly for everyone, Challenger said, noting that those not working in stable, full-time employment tend to end up with poorer outcomes in retirement. Challenger suggests removing the $450 a month threshold for Superannuation Guarantee payments; paying ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  MONDAY, 27 MAY 2019
... the world. Live and let live. Instead, victory for Trump is not only by becoming rich but also by making his neighbours poorer. Not only is Trump "draining the swamp in Washington DC" as he pledged during his presidential campaign in 2016, he's also ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... lack of scale makes it difficult to be great, she adds. Nance estimates about one-quarter of these funds are providing poorer quality service or options compared to the best quarter. In five to 10 years' time, Nance forecasts the industry will end ...

The $500k price tag on bad super choices

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
Sticking to a bad super fund could leave the average Australian worker more than $500,000 poorer over their lifetime, latest research from SelectingSuper found. The research considered an average employee's salary, fees and contributions over 45 ...

Industry Super Australia attacks Future Fund concept

HARRISON WORLEY  |  TUESDAY, 29 JAN 2019
... Phil Gallagher, ISA is adamant that any move to push workers' retirement savings into the Future Fund would result in poorer performance. ISA said a worker earning $80,000 a year could ultimately lose 13.6% - or $124,850 - of their retirement savings ...

And so this is Christmas, another year (almost) over

BENJAMIN ONG  |  MONDAY, 10 DEC 2018
... also pointed out that while wage growth remains disappointing, household income has shown strong gains, particularly for poorer households. In addition, wages rising faster in regions where unemployment rate is the lowest and companies now under pressure ...