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Showing 1 - 10 of 23 results for "Age Pension costs"

Super for housing would benefit 4% of homebuyers: ASFA

MATTHEW WAI  |  TUESDAY, 8 APR 2025
... younger Australians," Schubert said in response. "And if people retire with less super, that will also push up Age Pension costs - a bill that every Australian taxpayer would pay."

Dutton doubles down on 'super for housing' policy

ELIZA BAVIN  |  FRIDAY, 28 MAR 2025
... cost-of-living pressures on younger Australians. "And if people retire with less super, that will also push up Age Pension costs - a bill that every Australian taxpayer would pay." Along with the 'super for housing' policy, Dutton laid blame on increased ...

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... Australians because it hikes house prices and blows a Budget blackhole in the decades ahead mostly by pushing up age pension costs - which every taxpayer would pay," she said. "Ideas to break the seal on super just leave people with less savings in retirement ...

Coalition's super for housing scheme slammed

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... "Breaking the seal on super leaves people poorer in retirement and costs every Australian taxpayer more from higher age pension costs," she said. SMC analysis found a 30-year-old couple who withdrew $35,000 each from their super could retire with about ...

Action on super gap slow, small

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... super - it perpetuates. Anything that helps address this inequality, I think that is great. It could reduce age pension costs in the future if people have more super." ASFA senior policy adviser Helena Gibson points out that there is support among the ...

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
... the government's early release of superannuation scheme, arguing it will significantly increase the long-term Age Pension costs borne by taxpayers. Total retirement incomes will be substantially lower, it said, while a spike in Age Pension expenditure ...

For-profit lobbying leads to $53bn problem: AIST

HARRISON WORLEY  |  MONDAY, 3 DEC 2018
... years, as compared against those invested in a median MySuper product. The AIST fears the pressure on Australia's Age Pension costs will ramp up if choice super products continue to be allowed to play to different disclosure and reporting rules than ...

Choice members worse off in retirement: Research

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
... drag on the efficiency of our super system, which ultimately is a cost to all Australians in the form of higher Age Pension costs."

Government cracks down on salary sacrifice loophole

EMMA RAPAPORT  |  FRIDAY, 14 JUL 2017
... will continue to be shortchanged billions in super, with the government having to pick up the tab with higher age pension costs."

FSC sends final budget message

DARREN SNYDER  |  WEDNESDAY, 27 APR 2016
... the concessional contribution cap to $20,000 would more than likely cost taxpayers by increasing the country's Age Pension costs. "Whatever policy levers they choose, we would hope the government actually move the dial and encourage and enable that group ...
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