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

Challenger adds market-linked annuity

ANNABELLE DICKSON  |  TUESDAY, 5 OCT 2021
... are generally tax free if super money was used to invest. A lifetime annuity has the potential to boost a retiree's Age Pension entitlements under the asset test rules as 60% of an investment amount in a Challenger annuity is included as an asset to ...

Retirement Income Covenant closer to materialising

KARREN VERGARA  |  TUESDAY, 28 SEP 2021
... of retirement. This is "income paid from, or supported by, a superannuation interest in the entity; income from an age pension under the Social Security Act 1991 ", the four-page document shows. Minister for superannuation, financial services and the ...

ABPs alone won't meet retirement income covenant: Knox

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... discussion internally. If someone has a balance of $150[000 to] $200,000 and they single, they'll receive the Age Pension. Do they need a longevity product?" he said, adding such a person may still want certainty in their income in retirement. He ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... the most appropriate superannuation guarantee contribution rate. The paper states 10-12% of salary (based on current Age Pension and means testing rules) to be the most appropriate rate, which is a contrast to Retirement Income Review's view of current ...

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 ...
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