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Showing 61 - 70 of 323 results for %22Aged Pension%22

Best super, pension fund revealed

JAMIE WILLIAMSON  |  THURSDAY, 3 DEC 2020
... awarded best MySuper lifecycle product. This award looks at which products had the best overall rankings for fund members aged in their teens, 20s, 30s, 40, 50s and 60s; Tasplan ranked the highest across all age groups, followed by Aware and Virgin Money ...

RIR reveals bleak financial upside for disabled people

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
... in income that exists between disabled and non-disabled people pre-retirement. In 2018, the median weekly income of people aged 15-64 with disability was $505, compared with $1016 for people with no reported disability. The more severe the disability ...

Confusion over retirement income objectives

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... that the system should target government support (such as the Age Pension and superannuation tax concessions, health and aged care services) to those in need. The second being that people in similar circumstances should have broadly similar retirement ...

Which longevity product yields the highest income?

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... default retirement income products, such as CIPRs, which were generally supportive. It also suggested adding insurance for aged care could be beneficial to retirement income. "Other products that could improve retirement outcomes include long-term care ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... limited financial means that is consistent with prevailing community standards," it said. As at June 2019, around 71% of people aged 65 and over received Age Pension or other pension payments with over 60% of these on the maximum rate. For most households ...

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... health expenses and improve retirement income equity relative to working life. "Social transfers in kind (such as health and aged care expenditure) provide substantial support to retirees," it said. "The cost of social transfers in kind attributed to ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... care packages, with further investment set to be announced following the final recommendations of the Royal Commission into Aged Care Quality and Safety in February next year. "This brings the total to more than 180,000 places, three times the number ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... unemployed will not be the largest social security expense, though. The largest expense in social security is assistance to the aged at $77.9 billion. Supporting the elderly was also the largest expense last year and is predicted to become a greater ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... those who access the scheme will be tens of thousands worse off in retirement and will become more reliant on the aged pension. Additionally, ISA said its own research shows the scheme has added tens of billions more to the aged pension, heaping pressure ...

Super remains grossly inequitable: Per Capita

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... full rate and 13% more on a part pension. More than a half a million single women in Australia - about a third of all women aged 65 and over - rely on the Age Pension as their sole source of income. The paper, commissioned by Women in Super, praised ...