|Search Results||Showing 1 - 10 of 45 results for "Retirement Standard"|
|... members would be more impactful than an uplift in the superannuation guarantee, and that ASFA's comfortable retirement standard was not suitable for most Australians. In its submission, the researcher said a reduction in average super fees - and therefore ...|
|... member) at the current 9.5% SG and if it rises to the planned 12%. The comparison benchmark was the ASFA Retirement Standard, which set $545,000 as the lump sum required for a comfortable retirement. Of the four cameos, none would hit $545,000 if SG ...|
|... comfortable level to couples needing to spend $1292 more a year, and for singles the amount is $829." In its Retirement Standard December quarter 2019 figures, ASFA found that couples (aged 65) need to spend $62,269 per year to live comfortably, while ...|
|... "Strengthening the superannuation system is of critical importance for public confidence and ultimately for the retirement standard of living that all Australians enjoy," Silk said. "Persistently underperforming funds must be removed from the industry ...|
|... equations and scenarios, and worked out what is a simple guideline that works." ASFA's September update to its retirement standard shows costs have risen by about 1.5% over the year to the September quarter for couples in the modest and comfortable ranges ...|
|Latest research shows a significant proportion of Australians with self-managed super funds are set to retire with enough savings to fund lavish retirement lifestyles. SMSF actuarial certificate supplier Accurium claims many retirees with self-managed ...|
|... cost of basic items, according to the Association of Superannuation Funds of Australia. In ASFA's latest Retirement Standard, it found over the year to June quarter 2019 costs rose by 1.5% for retiree couples at both the 'comfortable' and 'modest' levels ...|
|... and 64 are retiring with a median balance of $154,453 - although this is well below ASFA's comfortable retirement standard of $545,000. Women tend to retire with $122,848 compared to males who end up with a median balance of $154,453. The good news ...|
|... contribution limits and imposing a uniform tax rate in retirement of 15%. Daley was critical of the ASFA retirement standard, which according to the Grattan modelling, is too generous. He sees superannuation's purpose as allowing people to maintain ...|
|... goods and services, a retirement index shows. The Association of Superannuation Funds of Australia's Retirement Standard for the March quarter estimates retired couples need $61,061 per year to live a comfortable retirement, while singles need $43,255. ...|
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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