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Showing 1 - 10 of 100+ results for "Age Pension"

Advisers overlook home equity release strategies

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
... years old received advice on their private savings. For those over 65, just 18% received advice on Centrelink's Age Pension. Fourth Line chief executive David Travers suggests that the lack of advice on home equity drawdown strategies might not be ...

Super tax concessions to outstrip Age Pension by 2040: Report

KANIKA SOOD  |  MONDAY, 28 JUN 2021
By 2040, the government will be spending more on superannuation tax concessions than on the Age Pension, according to the fifth Intergenerational Report released today. The government currently spends about 2% of the GDP on superannuation tax concessions. ...

SG increase to self-fund retirement

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... It's a significant shift which will underpin Australia's fiscal sustainability by diminishing the reliance on the age pension," McCrea said. Last week, ASFA analysis showed businesses can afford to pay the increase of the Superannuation Guarantee ...

Link Group announces new partnership

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 APR 2021
... service is aimed at getting people ready for retirement by incorporating affordable financial advice on government Age Pension eligibility with assistance and lodgement of a super fund member's Age Pension application via Retirement Essentials service. ...

Retirement income framework on track: Frydenberg

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
... retirement. Furthermore, Kay said retirees need the support and tools to navigate the complex superannuation, aged care, Age Pension and taxation systems to have a comfortable retirement. Treasury veteran and economic consultant Mike Callaghan said improving ...

Limited advice overdue for disruption

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... out of super and "wake up in a panic" one day realising they are running out of money and have not applied for the Age Pension. "[This] is an awful situation and should not be happening anywhere let alone a country like Australia," he said. The industry ...

Age pension spending to rise: ISA

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Industry Super Australia (ISA) said ditching the 12% superannuation guarantee could add over $33 billion to Age Pension spending. ISA said modelling from Rice Warner suggested the Age Pension would have to make up for the superannuation guarantee not ...

Family home dominates adviser conversations

KARREN VERGARA  |  MONDAY, 25 JAN 2021
... financial plan. Another area of interest for clients downsizing is the impact selling the family home will have on the Age Pension. This is particularly relevant among clients who sold their principal place of residence and want to use the proceeds to ...

Super leaves gig economy behind

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
... savings," the Actuaries Institute said. "These gig economy workers are more likely to be reliant on the government-funded Age Pension scheme to fund their retirement income." The Actuaries Institute called for more data to be collected to adequately ...

RIR reveals bleak financial upside for disabled people

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
... Income Review has revealed disabled people are less likely to be in financial stress and poverty when retiring on the age pension alone than in their working lives - demonstrating the struggle a lot of disabled people have making ends meet throughout ...
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