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Showing 71 - 80 of 197 results for "Pensioner"

Industry fund begins lifecycle pension strategy

HARRISON WORLEY  |  TUESDAY, 24 APR 2018
... however that REI "appreciate that one size cannot fit all with pension members' default investment arrangements." "Our pensioner members who wish to be highly engaged can still mix and match any proportion of their balance. For other members, the default ...

Industry welcomes pensioners' dividend tax policy exemption: Poll

KARREN VERGARA  |  TUESDAY, 3 APR 2018
... earners, but enables self-managed super funds (SMSFs) to significantly benefit, Bowen said. Last week, Bowen introduced the Pensioner Guarantee policy to shield pensioners and allowance recipients from the abolition of the dividend franking credit rebate ...

Labor's amended cash dividend refunds fall short: SMSFA

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
... proposed excess dividend imputation credits reform still falls short, the SMSF Association says. Labor introduced the Pensioner Guarantee yesterday as a way to protect pensioners from abolishing cash refunds for excess dividend imputation credits when ...

Labor's imputation credit reform cops industry backlash

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
The Labor Party's proposed dividend imputation reforms has received backlash from numerous industry heavyweights believing it will have unintended and negative implications on retirees. Shadow treasurer Chris Bowen proposed to eliminate the cash rebate ...

ASFA slams Grattan's super proposals

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
... in rental accommodation less than $10 a week, are insulting and demeaning," Fahy said. "There are around 270,000 Age Pensioner households on rent assistance and giving each of them the additional rental assistance proposed by Grattan would cost only ...

Financial Synergy founder launches new firm

ALEX BURKE  |  MONDAY, 27 NOV 2017
... retirement, which is currently 65 years. Today more than 50 percent of retirees live longer, creating a significant risk each pensioner's retirement funds may run out before they die. Longevity risk is the least understood risk by most working Australians," ...

Pensioners to pay less at industry fund

JAMIE WILLIAMSON  |  WEDNESDAY, 4 OCT 2017
One of Australia's largest superannuation funds cut administration fees across all its pension products as of 30 September. Sunsuper members with an income account will now pay $1 less per week, with the $46 billion fund dropping weekly pension fees ...

Government closes super loophole

EMMA RAPAPORT  |  MONDAY, 10 JUL 2017
A loophole which allowed some superannuants to reduce taxation obligations on their superannuation income stream by electing to treat income as a series of lump sum payments has been closed by the Federal Government. The closure, announced on 3 May ...

Age Pension changes looming

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
... aged 65 and over will more than double to 8.9 million people. Currently, there are 4.5 people of working age for every pensioner aged 65 and over. This ratio will drop to 2.7 workers by 2055. "As we live healthier and longer lives, we can stay in work ...

Part-pensioners short-changed by asset test changes

ALEX BURKE  |  WEDNESDAY, 30 NOV 2016
Up to 300,000 part-pensioners will have to make significant changes to their retirement income strategy to avoid losing out to the 2017 asset test changes, according to Plato Investment Management research. Plato's research found that in order to maintain ...