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Showing 1 - 10 of 19 results for "Age Pensioners"

Renters need twice as much super, risk poverty in retirement: SCA

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
... challenge in retirement." Data from the Australian Institute of Health and Welfare shows there were over 325,000 Age Pensioners receiving Commonwealth Rent Assistance in June 2025. Some 32% or 105,000 people were still in rental stress and spent more ...

Retirees unfairly targeted by tax: HESTA

ELIZA BAVIN  |  FRIDAY, 12 SEP 2025
... Australians in the top income bracket are often considered to pay the nation's highest tax rates, the findings show age pensioners are hit with far higher effective rates due to the Income Test taper rate. Under this system, a part pensioner's Age Pension ...

No one immune to cost-of-living pain: ABS

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... the June 2023 quarter." The pensioner and beneficiary living cost index (PBLCI) - which measures living costs for age pensioners and other government transfer recipient households - rose 4.1% over the year, compared to the 3.8% rise in inflation. "Age ...

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... levels until 30 June 2025. This will benefit approximately 876,000 income support recipients, including 450,000 age pensioners. The government has also increased the Medicare levy low-income thresholds for 2023-24, ensuring more than one million low-income ...

Older Aussies are retirement illiterate: Survey

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
... complex. Citing a 2022 study by actuary and head of innovation at Optimum Pensions Jim Hennington, some 840,000 Age Pensioners (about a quarter of those over 65) are currently impacted by complex means tests. "They can receive highly erratic cashflows ...

Most retirees want pension support through super: Report

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
... 83% found it complicated and 77% are willing to pay up to $1000 for personalised advice. Over half of all future Age pensioners and existing Age pensioners ranked maximising their Centrelink entitlements and retirement income as their highest concern. ...

RIR reveals bleak financial upside for disabled people

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
... and have accumulated significant assets for their retirement," the review said. "At 31 March 2019, of the 10,600 age pensioners who received this exemption, 65% were first recorded as blind aged 65 and over, and 44% were first recorded as blind aged ...

Homeowners given preferential treatment: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... the retirement income system. "The exemption of the principal residence in the assets test particularly benefits age pensioners with high-value homes," it said. "Around 15% of retirees on the Age Pension own homes worth more than $1 million. The RIR ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
The Federal Government has announced changes to deeming rates, a move welcomed by over 600,000 age pensioners. The Department of Human Services (DHS) will backdate deeming rates from 1 July 2019. The lower deemed rate will drop from 1.75% to 1%, while ...

Navigating the new Pensioners Loan Scheme

KANIKA SOOD  |  THURSDAY, 6 JUN 2019
Age pensioners may be able to borrow up to $54,000 against their family home from July 1 but retirees must weigh individual circumstances before applying for the revamped Pensioners Loan Scheme, says AMP. The scope of the Pensioners Loan Scheme, which ...
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