Search ResultsShowing 1 - 10 of 45 results for "Retirement Standard"
Grattan calls for lower super fees
HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... 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 ...
AustralianSuper SG modelling paints dismal picture
KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... 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 ...
Costs spiral for baby boomers
ALLY SELBY  |  TUESDAY, 18 FEB 2020
... 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 ...
MySuper heat map lauds industry funds
HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... "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 ...
Actuaries develop retiree rule of thumb
HARRISON WORLEY  |  THURSDAY, 7 NOV 2019
... 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 ...
SMSFs can meet aspirational lifestyle: Research
HARRISON WORLEY  |  TUESDAY, 22 OCT 2019
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 ...
Low inflation rate masks rising living costs woes
KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... 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 ...
Super working in favour of all members
KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... 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 ...
Australians retire too wealthy: Grattan
ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... 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 ...
Rising costs outpace retiree savings
KARREN VERGARA  |  FRIDAY, 24 MAY 2019
... 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. ...
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