Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 741 - 750 of 4050 results for "Savings"

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... has detailed a three-pronged approach to superannuation reform that will forge national consensus, shift the focus from savings to retirement income, and elevate service standards for major financial institutions. At an Industry Super Australia (ISA) ...

Treasury urged to consider housing in super objective

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
... 5 or 10% of the home's purchase price to put toward a down payment. It also plans to introduce the Tax-Free First Home Savings Account where prospective first homebuyers can save up to CAD$40,000 tax-free towards their first home. Meanwhile, in New Zealand ...

Super fund selection driven by fees: SCA

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... are confident about having enough super for retirement, while 43% believe the Age Pension will suffice if their super savings deplete. Delving further into consumer choice and behaviour, the survey indicated that 11% of respondents hadn't switched ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... million taxed at 30%. "These changes would better target super tax concessions to their policy purpose, would not change savings behaviour, and would help make the system fairer," Grattan said. The second super measure is to increase the age at which ...

Drawdown reforms boosts post-retirement phase

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... from now until 2050, the research found, adding that super funds can do more to help retirees confidently use their super savings via higher drawdowns, and find retirement products appropriate to their needs. In 2022, some 81% of super was taken in the ...

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
... important that we do this, because persistently high inflation is corrosive and damages our economy. It erodes the value of savings, puts pressure on household budgets and hurts people on low incomes the most," Lowe said. "If inflation becomes ingrained ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... as is. "Ultimately every dollar spent will have an impact on member fees, which in turn directly impacts the retirement savings of members. Stakeholder uncertainty and concerns can likely be effectively addressed through further guidance from the regulator," ...

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA  |  MONDAY, 3 APR 2023
... annually if superannuation was not geared towards giving high-income earners tax windfalls. The newly released report, Super savings: Practical policies for fairer superannuation and a stronger budget, found that the current system's "excessively ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... Rainmaker Information research indicates that the $3 million superannuation cap would affect approximately $410 billion of savings. Although only a small proportion of Australians hold $3 million or more in superannuation, they own a disproportionately ...

Australians want super safeguard: ISA

CASSANDRA BALDINI  |  MONDAY, 3 APR 2023
... securing a better standard of living in retirement for more Australians. Busting open super early dramatically erodes savings and harms quality of life in retirement, ISA said. The lobby group said it supports the government's objective and said the ...