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Showing 71 - 80 of 93 results for "Means Test"

Speculation grows on super tax breaks

ALEX DUNNIN  |  FRIDAY, 20 APR 2012
Two days after opposition Treasurer Joe Hockey said in a landmark interview that Australia needs to end its cult of welfare entitlement, speculation is rising the government is considering a clampdown on untargeted superannuation tax concessions. On ...

Govt overhauls aged care

ELISE BURGESS  |  FRIDAY, 20 APR 2012
The introduction of means testing for aged care by the Federal Government is set to reshape the entire industry, with flow-on effects expected for advice. In the biggest revamp of the national aged care system in 15 years, the Gillard Government said ...

Contrib caps improve super social equity

ALEX DUNNIN  |  WEDNESDAY, 15 FEB 2012
Tightening superannuation contribution caps over the past five years have significantly improved superannuation's social equity, claims a new research report from peak superannuation interest group ASFA. The report, the latest superannuation industry ...

Super tax subsidies don't favour the rich: Mercer

ALEX DUNNIN  |  TUESDAY, 14 FEB 2012
Mercer has released a research paper that dismisses claims retirement income funding through superannuation tax concessions favours the wealthy. The paper 'Tax, Super & the Age pension" reported that the total cost of retirement funding per person in ...

Post-retirement risk in Australia: IMCA

CLAIRE MCGREAL  |  TUESDAY, 6 DEC 2011
The issue of post-retirement risk as a major challenge facing the financial services industry, was in the spotlight at the recent Investment Management Consultants Association conference in Sydney. Speakers at the Investment Management Consultants Association ...

Re-financing of aged care announced

RACHEL DAVIS  |  TUESDAY, 9 AUG 2011
... The report recommends that if people do sell their home then they would not be penalised by losing the pension in a means test as they do under the present arrangements. Homes could be sold and the proceeds banked in the new Australian Age Pensioner's ...

Diversified pension policy is best: OECD

ALEX DUNNIN  |  WEDNESDAY, 25 MAY 2011
National pension policy is a balancing act between adequacy and sustainability, a balancing act that G20 countries are finding increasingly difficult to maintain, reveals a major OECD report. Restoring this balance is forcing countries to adopt policies ...

Speed bumps to annuities

ELISE BURGESS  |  FRIDAY, 25 MAR 2011
... super funds can address longevity risk, according to a Towers Watson report. Under the current tax and the age pension means test provisions, deferred lifetime annuities are penalised during the deferment period, restricting the development of annuities ...

Super baby bonus validity questioned

ELISE BURGESS  |  MONDAY, 7 FEB 2011
Calls for a "super baby bonus" opens door for change and a greater push for more benefits in Australian women's superannuation entitlements, according to Association of Superannuation Funds of Australia (ASFA). Last week, the Australian Council of Trade ...

Align preservation and retirement age: DoFD

ALEX DUNNIN  |  TUESDAY, 5 OCT 2010
The superannuation preservation age should be aligned with pension age and more means testing of benefits will be needed to contain superannuation costs, the Commonwealth Department of Finance and Deregulation (DoFD) has told the incoming government. ...