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Showing 61 - 70 of 598 results for "Age pension"

Australians worry about retirement - and maybe they should

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
... retirement income reduces or even runs out?" The report settles that this may result in retirees falling back on the Age Pension, which is less than ASFA's comfortable standard of living. As an alternative, it prescribed investing in efficient and ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
... to see a drop from $3 to $2 per fortnight. "I recognise that would be a fairer system but would also increase the age pension bill which is not what the government is trying to do currently but it is something we've been advocating," Knox said. Another ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... essential services - such as the National Disability Insurance Scheme (NDIS), hospitals, aged care, medical benefits, Age Pension and defence - growing faster than the economy. These spending pressures have become even more pronounced since the election," ...

Retirees are silent casualties of inflation: Challenger

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
... inflation the report suggests options like short term CPI-linked bonds, real assets that have underlying cash flows, the Age Pension which has in-built inflation protection, and a traditional defined benefit pension. Alternatively, the report recommended ...

AMP debuts hybrid retirement solution

ANDREW MCKEAN  |  TUESDAY, 18 OCT 2022
... when they die or exit the platform. The Lifetime Income account also qualifies as a lifetime income stream under the Age Pension rules meaning an investment in this solution qualifies for a 40% upfront discount on the Age Pension assets test. The other ...

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... the research said. "It would also bring other consequences for the government including increased spending on the Age Pension as well as reduced individual savings, which would in turn place increased reliance on government-funded age and health care ...

Inconsistencies across RIC strategies: Mercer

ANDREW MCKEAN  |  FRIDAY, 16 SEP 2022
... Covenant's minimum definition of retirement income, being payments a beneficiary receives from their super fund plus Age Pension. Contrastingly, other funds definitions provisioned for the inclusion of additional sources of income. For example, super ...

Data demonstrates success of compulsory super: Report

CASSANDRA BALDINI  |  WEDNESDAY, 31 AUG 2022
... enjoy a comfortable retirement from super, and more women than men have super balances so low, they are reliant on the age pension," National Seniors chief executive and director of research John McCallum said. "On just about every score on superannuation ...

Calls for greater efforts to close gender pay, super gap

ANDREW MCKEAN  |  WEDNESDAY, 24 AUG 2022
... $545,000 for singles. For a modest retirement, that budgets for a retirement lifestyle that is slightly above the Age Pension and only allows retirees to afford basic health insurance and infrequent exercise, leisure and social activities, ASFA estimates ...

Most retirees want pension support through super: Report

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
New data shows that 70% of retirees want Age Pension support from their super fund. Link Group's Retirement Reality: Advice and the Age Pension whitepaper reveals that 74% of women and 67% of men want more support when it comes to the Age Pension ...