Search ResultsShowing 1 - 10 of 100+ results for "Age Pension"
Retirement income under review
HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... review's terms of reference will examine the three pillars of the existing retirement income system: the means-tested age pension, voluntary savings (including home ownership) and compulsory super. An independent three person review panel including ...
National Seniors partners with retirement funder
HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... retirement." Household Capital allows retirees to draw on the savings in their home as well as their superannuation and age pension, through its Household Transfer offering. Launching in March this year, the business has already demonstrated the need ...
Treasury agreed with Grattan SG modelling
KANIKA SOOD  |  TUESDAY, 24 SEP 2019
... Institute's report made three main recommendations on adequacy of retirement income: SG increase should be scrapped, age pension test asset test taper should be relaxed and maximum rate of Commonwealth Rent Assistance should be increased. A key finding ...
Super debate too one dimensional: Rice Warner
HARRISON WORLEY  |  MONDAY, 26 AUG 2019
... Should the SG rate go to 12%? Is the means test a disincentive to save? Do tax concessions reduce the cost of the Age Pension? Will adequate retirement incomes be achieved?" Rice Warner said. "This is understandable in the context of the daily news cycle ...
Complex retirement system requires simplicity: Report
KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
... number of reforms needed to help fix the retirement system, one of which involves simplifying and integrating the Age Pension with superannuation and aged care. The report, entitled Options for an improved and integrated system of retirement, highlights ...
Low inflation rate masks rising living costs woes
KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... said. "Many retirees would have welcomed the recent decision to decrease the deeming rate in the asset test for the Age Pension but at the same time they have been facing increased costs of living and lower returns from investments, such as term deposits," ...
Survey backs SG increases
KARREN VERGARA  |  MONDAY, 5 AUG 2019
... contradicting itself when it recently released research claiming increasing the SG to 12% would not ease the burden on the Age Pension. Now, Grattan is claiming that an increase will leave workers poorer because it will reduce the amount they are entitled ...
Mercer slams Grattan Institute
HARRISON WORLEY  |  FRIDAY, 2 AUG 2019
... pointed out. The firm noted Grattan's assumption that workers are single when they retire ensures a skew in the age pension projection in its research. With 70% of workers retiring with a partner, Mercer said the age pension people receive is actually ...
Australians demand SG increase: ISA
HARRISON WORLEY  |  MONDAY, 29 JUL 2019
... super in retirement. The survey also found Australians are concerned about the prospect of greater reliance on the age pension as a result of not saving enough super, with 66% concerned by the costs of supporting more people through the pension. According ...
All options open for retirement income review
HARRISON WORLEY  |  FRIDAY, 26 JUL 2019
... compulsory superannuation lived in a "bubble" and were unaware of the difficulties faced by Australians living on the age pension without extra savings. Meanwhile, both sides of the Parliament yesterday launched into each other over super policy, with ...
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