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Showing 1 - 10 of 197 results for "Pensioner"

MUFG scores administration mandate

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
MUFG Retirement Solutions, a division of MUFG Pension & Market Services has been appointed by ElectricSuper as the fund's new administration partner. MUFG said the appointment marks the commencement of a strategic partnership supporting members across ...

Transfer balance cap to rise to $2.1m

JAMIE WILLIAMSON  |  FRIDAY, 30 JAN 2026
... on the percentage of previous transfer balance caps that have been utilised." "As the personal TBC for every existing pensioner will be unique, it will need to be calculated separately. I expect that many will rely on the information that will become ...

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

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
Renters are headed for "dire retirement outcomes" as a couple who does not own their own house requires nearly double the amount in superannuation for a comfortable retirement compared to homeowners, according to Super Consumers Australia (SCA). The ...

Australia, UK regulators exchange insights

MATTHEW WAI  |  FRIDAY, 26 SEP 2025
The UK and Australia have exchanged information on their respective approaches to financial markets, pension structures, and digital asset advancement at the inaugural UK-Australia Joint Financial Regulatory Forum. The virtual forum was chaired by director ...

Age Pension to increase on September 20

JAMIE WILLIAMSON  |  FRIDAY, 19 SEP 2025
The Age Pension is increasing tomorrow, while previously frozen deeming rates will rise by 0.5%. From tomorrow, September 20, the Age Pension will increase by $29.70 a fortnight for singles and $44.80 for couples combined. This will see singles receive ...

Retirees unfairly targeted by tax: HESTA

ELIZA BAVIN  |  FRIDAY, 12 SEP 2025
... 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 benefit is reduced by 50 cents for every dollar earned above the income-free threshold. HESTA chief executive ...

Budget deficit to balloon to $42.1bn

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
The 2025-26 Federal Budget revealed the Labor government's first deficit since taking power in 2022. Forecasts for the 2024-25 year were revised to show a $27.6 billion deficit, and forecasts show the deficit is expected to grow to $42.1 billion ...

Government makes record commitment to Medicare

MATTHEW WAI  |  TUESDAY, 25 MAR 2025
Handing down the Federal Budget, Treasurer Jim Chalmers said the government is reducing all prescriptions available through the pharmaceutical benefits scheme (PBS), as well as investing a "record" $7.9 billion in Medicare to lift bulk billing rates. ...

Most retirees who rent live in poverty: Grattan Institute

ANDREW MCKEAN  |  MONDAY, 10 FEB 2025
... the Age Pension for poorer retirees who rent, is inadequate. After covering essential non-housing costs, a single age pensioner receiving the full rate of Rent Assistance has only $300 per week left for rent - yet a cheap one-bedroom home in an Australian ...

Pensioners to pay more under aged care reforms

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
... contribute more. However, 30% of full pensioners will pay more under the changes, as will 75% of part-pensioners. A full pensioner will pay up to 17.5% of their daily expenses, while a person receiving no Age Pension payments will pay up to 80%. The ...
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