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Showing 71 - 80 of 690 results for "Age Pension"

How much is needed to maintain your standard of living in retirement?

ANDREW MCKEAN  |  FRIDAY, 24 JAN 2025
... "mid-level" - $1650 per fortnight or $43,000 per year - SCA said $310,00 in savings would be required until age 90; the Age Pension would typically cover 67% of retirement expenses. For single retirees planning to spend at a "high-level" - $2270 per ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... Norway," he said. "Superannuation tax concessions are designed to encourage people to save and reduce dependency on the Age Pension, they are not designed to be used by the very wealthiest in society to avoid paying tax." The Better Targeted Superannuation ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... retirement could look like," calling for super funds to assist members in understanding their eligibility for the age pension or other government benefits. Government agencies should share information on the age pension and other government support payments ...

Australians satisfied with super performance: ASFA

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... about 70% of respondents view their super as a nest egg to fund retirement or as a means of preventing reliance on the Age Pension. Just 4% said they'd rather have access to those savings now for personal use; they were typically located in regional ...

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... conference to call for the strategy that would acknowledge how the three pillars of retirement income - superannuation, the age pension, and private savings - interact to ensure all Australians have access to adequate, sustainable, and equitable retirement ...

CareSuper, MIESF assess merger potential

JAMIE WILLIAMSON  |  TUESDAY, 19 NOV 2024
... dial for our members and do more for them, particularly around education and advice including on eligibility for the Age Pension, which will be critically important for most of our members with low retirement savings," she said at the time. "Inevitably ...

Liberal MPs slammed for 'dangerous' super policy

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2024
... superannuation system, where super was the preserve of men and older single women were expected to survive on the Age Pension alone." Kowalczyk added there was a concern the proposal could enable economic abuse of women by their former partners in the ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... spending. Instead, homeownership was also considered when determining which asset limit to apply when calculating the Age Pension. "The treatment of mortgages in the calculators was also disappointing," the research said. In 2021, 22.8% of people aged ...

Aged care costs begin to worry older Aussies

MATTHEW WAI  |  WEDNESDAY, 25 SEP 2024
... Seniors Australia chief executive Chris Grice said. The research also found that most Australians over 50 believe the Age Pension will not be enough to fund retirement, even for homeowners. Of the 4700 Australians surveyed, nine in 10 said the Age Pension ...

Pre-retirees expect less reliance on Age Pension: Investment Trends

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Most Australians anticipate they will fund only 12% of their retirement income with the Age Pension, but the reality is retirees currently need nearly double that amount, a new study from Investment Trends finds. A survey of more than 5600 participants ...