Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 673 results for "Age pension"

No one immune to cost-of-living pain: ABS

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
Living costs have risen for all Australian household types in the June quarter, according to data from the Australian Bureau of Statistics (ABS). ABS head of prices statistics Michelle Marquardt said increases in living costs in the June quarter ranged ...

Reconsider the home as a retirement income pillar: Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
Encouraging more Australians to access equity in their homes, combined with changes to stamp duty and the Age Pension, could give asset-rich, income-poor retirees a valuable income boost and help free up more housing for young families, according to ...

Super tax concessions cost $54.5bn in lost revenue: Research

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... disproportionately benefit the wealthy. In fact, it suggested that the concessions are forecast to overtake the cost of the Age Pension in 2045-46. "While super tax concessions are designed to help all Australian workers saving for retirement, the distribution ...

Higher-for-longer rates dominate adviser conversations

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
... savings, Ashenden said it's important to assess whether retirees are entitled to any government support, such as the Age Pension or concession cards that give access to more affordable healthcare and medicines. Government initiatives such as the Commonwealth ...

HESTA pushes for expediated advice reforms

ANDREW MCKEAN  |  MONDAY, 3 JUN 2024
... reforms can better support super funds like HESTA to provide more holistic financial advice, which considers a couple's Age Pension eligibility and financial position, including assets held outside of super," Blakey said. "Our members often need advice ...

How super funds could better support members: Research

ELIZA BAVIN  |  MONDAY, 27 MAY 2024
... These included providing financial tools and education to help with retirement decisions, guidance navigating the age pension and aged care options, assistance optimising drawdown rates, providing lifetime income products that give members the confidence ...

Financial services workers eye earlier retirement

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... year difference a decade ago, and a two-year difference around 10 years before that." The study also found that the Age Pension is still the main source of personal income at retirement for 43% of retirees, followed by superannuation, an annuity, or ...

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
Support will be boosted for Australians facing acute and urgent financial pressures with $138 million to meet sustained high demand for crisis support including emergency relief, food relief and financial support services. Treasurer Jim Chalmers announced ...

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... those first home buyers start to retire with far less super and are forced to rely more heavily on the taxpayer-funded age pension. To meet the rising costs, future governments may have to increase taxes or cut services to offset the extra fiscal pressure ...

Super for housing 'economically reckless': SMC

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
... pay more for a house, with a bigger mortgage, have less super at retirement, and pay more in taxes to fund a bloated age pension," Shubert said. "We urge a sensible rethink on any policy ideas that would undermine super." The SMC said that the current ...