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| | ... pay more for a house, with a bigger mortgage, have less super at retirement, and pay more in taxes to fund a bloated age pension," Shubert said. "We urge a sensible rethink on any policy ideas that would undermine super." The SMC said that the current ... |
| | | ... promote intergenerational fairness, ensuring young people don't experience higher tax obligations to fund the Age Pension. The Australian Council of Trade Unions (ACTU) praised the Bill for enshrining "fundamental principles" of superannuation, ensuring ... |
| | | ... identified a cohort of members who may benefit from a lifetime income option supplementing an account-based pension and Age Pension. "A lifetime income option not only ensures members, and their partners, are able to have an income as they live, it may ... |
| | | ... contributions for services to enjoy a dignified experience in aged care." Further, it said: "The taskforce suggests the Age Pension status of the participant, with some additional tiers for part-pensioners and non-pensioners, would be a fair and simple ... |
| | | ... "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 ... |
| | | ... mid-2060s when the last of those who accessed the scheme, currently aged in their 20s, begin to retire and qualify for the Age Pension. These costs are borne by future taxpayers, either explicitly via an increase in taxes or implicitly via a reduction ... |
| | | Analysis shows an annuity that pays an income equivalent to the Age Pension would cost a retiree more than $500,000. In researching whether annuities could solve superannuation's need for better retirement income stream solutions, Rainmaker Information ... |
| | | ... place to help people save for retirement and ultimately take pressure off the taxpayer by reducing demand for the Age Pension, so those who are in a position to make use of the increased limits next financial year should give serious consideration to ... |
| | | ... government should notify super funds about members' eligibility for pensions and other government support, like the Age Pension, so funds can tailor information to them. The SMC also said a comprehensive retirement test should be introduced that measures ... |
| | | ... to Treasury, in a bid to deliver a visionary retirement system. The super fund also advocated for the automation of Age Pension applications, a move that would enable an integration of this income source with members' superannuation savings. This is ... |
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