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Showing 51 - 60 of 369 results for "taper"

Stimulus stutters amid record unemployment

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
The government's announcement of the new JobTrainer package was met with calls to extend the existing JobSeeker and JobKeeper measures as devastating unemployment numbers were released. Unemployment has now hit 7.4%, the highest it has been in two decades ...

HESTA asks Retirement Income Review to consider ERS

KANIKA SOOD  |  FRIDAY, 19 JUN 2020
... is renewing its call for the Panel to review eight measures: Superannuation guarantee go up to 12% as soon as possible, taper rates be reviewed, superannuation splitting when relationships collapse be improved, superannuation be paid on Commonwealth ...

Taper rates need revamp

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
A new paper published by Actuaries Institute says current taper rates may be encouraging middle-income earners to spend their retirement savings too quickly and live on the Age Pension alone. People with $300,000 to $800,000 in retirement savings could ...

How early release impacts the ASX

ALLY SELBY  |  THURSDAY, 7 MAY 2020
With more than one million people applying for the government's early release scheme, questions surrounding super fund ownership in equity markets have come to the fore. The government's scheme will so far put at least a $9 billion strain on Australia's ...

ISA reaffirms stance on super guarantee

ELIZA BAVIN  |  TUESDAY, 4 FEB 2020
... to meet performance benchmarks or be removed from the system by APRA, expanding workplace award coverage and lowering the taper rate to $2 to remove a disincentive to save for middle income earners. It also recommended examining tax concessions, increasing ...

Australia climbs up Mercer global pension index

HARRISON WORLEY  |  MONDAY, 21 OCT 2019
... requirements, some income focus on the system, that would improve the score." The report also called for the assets test taper to reduce from $3 to $2.25 per fortnight in an effort to improve adequacy for Australian retirees and lift the score. Mercer ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
If it walks like a duck and quacks like a duck, is it a duck? It is not, according to the US Federal Reserve. On October 11, the Fed issued a press release explaining its plan to buy Treasury bills at "an initial pace of approximately $60 billion per ...

Treasury agreed with Grattan SG modelling

KANIKA SOOD  |  TUESDAY, 24 SEP 2019
... three main recommendations on adequacy of retirement income: SG increase should be scrapped, age pension test asset test taper should be relaxed and maximum rate of Commonwealth Rent Assistance should be increased. A key finding was the budget could ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... Commission in 2013. The Australian Institute of Superannuation Trustees head of advocacy Ailsa Goodwin said adjusting the taper rate is critical to the integrity of superannuation and the wider retirement income systems. "We need to restore appropriate ...

Super delivers for the masses: Challenger

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
... earned from their super. For those with balances above $258,500, the harsher assets test kicks in with the 7.8% per annum taper rate." In 2018, only 42% of age eligible retirees were on the full Age Pension - this includes retirees in their 90s who have ...