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Showing 61 - 70 of 197 results for "Older Australians"

Older Australians overlooking age care costs

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
Only 14% of older Australians have prepared for their aged care costs, according to a joint survey from Challenger and National Seniors Australia. The research received more than 5000 responses from Australians 50 years old and above. It found respondents ...

Investment scams set to double

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... were over 58 reports and losses of more than $6.8 million reported to Scamwatch. Nearly half of the victims are older Australians looking for well-known respected companies to invest their money in. "These scams are particularly hard to detect because ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... divorce settlements; and ensuring employers pay SG at the same time they pay wages. It wants it to be harder for older Australians to obtain a mortgage with a long outstanding term. "Superannuation benefits are intended to be used for retirement living ...

Fostering the ageing workforce

ANNABELLE DICKSON  |  THURSDAY, 10 JUN 2021
... 1991. By 2050, workers aged 55 and over are expected to make up about 40% of the adult population in Australia. "Older Australians are a critical part of the workforce and economy. More mature workers could increase economic prosperity. Given the right ...

COVID support temporarily improves inequality

KANIKA SOOD  |  MONDAY, 17 MAY 2021
... spending is welcome but will continue the trend of a greater share of government spending being allocated to older Australians."

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has introduced more flexibility for older Australians by abolishing the work test, extending access to downsizer contributions and improving the Pension Loan Scheme. From 1 July 2022, those aged between 67-years-old and 74-years-old will ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... available to those 65 and over. Changes to the Pension Loan Scheme are also being introduced from July next year. Older Australians will also be looked after in the form of a $17.7 billion injection into the aged care system. Frydenberg announced the ...

Aged care expenditure to jump 37%

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... ear-marked for in-home facilities investment. While Australia's aged care system services just a small proportion of older Australians, its inability to cope with the current demand from its 340,000 users, according to figures published by the Australian ...

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... has released details about a few initiatives that will be included in the budget. The government will allow older Australians to contribute more to their super as one of its budget initiatives, this is being referred to as the Downsizer Scheme. The Association ...

Granny flat tax exemption to become law

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
... the creation, variation or termination of a formal written granny flat arrangement providing accommodation for older Australians or people with disabilities. Prior to the exemption, families faced a significant CGT liability in creating a formal or legally ...