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Showing 61 - 70 of 310 results for "Retirement incomes"

Super remains grossly inequitable: Per Capita

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... introduction of the Superannuation Guarantee in 1993 was by far the greatest policy intervention to improve retirement incomes for women," it said. "It is imperative that superannuation remain universal, compulsory and preserved for retirement and that ...

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
... superannuation scheme, arguing it will significantly increase the long-term Age Pension costs borne by taxpayers. Total retirement incomes will be substantially lower, it said, while a spike in Age Pension expenditure would likely be funded by higher ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... second amount had no change in income," it said. "These short-term decisions will have a major impact on the retirement incomes of those who withdrew their super." This comes as APRA released the updated ERS figures for the week ending August 9. Over ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... despite Grattan's modelling relying on that it called "highly questionable assumptions" around the adequacy of retirement incomes prior to the pandemic. "Grattan's modelling assumes everyone retires as a single, entitling them to a higher rate of pension ...

ERS doesn't justify higher SG: Grattan

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... cleared out their super accounts entirely with Treasury expecting total withdrawals to reach $42 billion. "Retirement incomes will fall for workers who withdraw their super, but not by as much as might be thought," Grattan said. "The pension means test ...

AIST pushes for policy reform

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... savings to buy their first home," Scheerlinck said "Aside from the negative impact this would have people's retirement incomes; it does nothing to address the root cause of Australia's housing affordability problem, which is lack of supply. "Turning ...

ATO can make cost of advice cheaper: Asher

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... the Australian Taxation Office (ATO) provides some of the data necessary for good advice. Asher added that retirement incomes could rise by 15% to 30% if super trustees are forced to at least offer such cover, while help from the ATO could reduce the ...

ISA plays devil's advocate on SG

HARRISON WORLEY  |  MONDAY, 15 JUN 2020
... reduction in working life disposable income of 0.1% to 1% being exchanged for a 4% to 20% increase in disposable retirement incomes. Designed to open the peak body's internal discussions on the issue, slides explaining the analysis' motivations ...

ATO called to assist in early release super scheme

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... decisions to balance the short-term health and economic risks to the community against the long-term effect on retirement incomes. "Early access to super will help ameliorate some of the short-term pressures people, their families and their communities ...

Grattan calls for lower super fees

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... increase in investment returns - by ensuring Australians picked better-performing super funds, would boost retirement incomes "by more than other policies, including raising the super guarantee to 12%". According to Grattan, Australia's $30 billion annual ...