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Showing 1 - 10 of 71 results for "Aged Pension"

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... Negative Equity Guarantee. The PLS will give eligible retirees immediate access to lump sums of 50% of the maximum Aged Pension, being around $12,385 for singles and $18,670 for couples. Those who are eligible are permitted two advances totalling up ...

Stimulus, ERS boost financial comfort

ELIZA BAVIN  |  MONDAY, 1 MAR 2021
The government's stimulus spending, and reforms like the early release scheme, have boosted Australian financial comfort to record highs despite the impact of COVID-19. The ME Bank Household Financial Comfort Index improved by 2% to 5.89 out of 10 during ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... super will simply inflate prices and push home ownership further away. It will also add billions to the cost of the aged pension - which we will all pay for through higher taxes," he said. "Mr Wilson has said these housing price hikes are secondary. ...

Workers being offered nothing: Keating

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 FEB 2021
... current government, he said, are effectively promoting the idea that people should be comfortable relying on the aged pension. "When I started superannuation there were 6 people between 16 and 64 for every person over 65. Now that number is 3.7 people ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
Treasurer Josh Frydenberg has announced the government will commit more than $1.6 billion to provide support to the country's ageing Australians, but experts say the measures don't go far enough. The Treasurer announced the record funding would ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... those who access the scheme will be tens of thousands worse off in retirement and will become more reliant on the aged pension. Additionally, ISA said its own research shows the scheme has added tens of billions more to the aged pension, heaping pressure ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... agree with those findings and claim the prospect creates a generational rift between those "getting by on the meagre aged pension" against their children lumped with paying for their parents' retirements. "The think-tank's retirement modelers have confirmed ...

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... regrow balances after this scheme, because we all pay, through higher taxes, for more people retiring with only the aged pension."

Super tax concessions out of hand

HARRISON WORLEY  |  MONDAY, 24 FEB 2020
... households and men. "Superannuation tax concessions were initially designed to help Australia become less reliant on the aged pension, but with the rapid increase in the concessions they will soon become even more costly," Australia Institute senior ...

Opt-out super to hit workers: ISA

HARRISON WORLEY  |  TUESDAY, 21 JAN 2020
... over their working life. ISA said the proposal would see roughly 4.3 million Australians rely more heavily on the aged pension, which would eventually hit the nation's bottom line. "This dangerous proposal could not only condemn more than one million ...
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