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Showing 1 - 10 of 11 results for "Retirement Standard of"

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... encompassing both the Age Pension and superannuation, should enable most retirees to maintain their pre-retirement standard of living. However, the taxation of super in Australia is complex and inequitable, with current legislation serving to benefit ...

SG increase to self-fund retirement

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... noted the increase to 12% will lead to double the proportion of Australian workers reaching its comfortable retirement standard of $545,000. Only 25% of Australians currently achieve a self-funded retirement. "By 2050, that number is set to double as ...

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 ...

Super working in favour of all members

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... 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 is ...

Managing the three pillars of retirement

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... and growth assets for the long-term. Using the Association of Superannuation Funds of Australia (ASFA) retirement standard of an approximate $550,000 nest egg corresponding to spending of $44,000 per annum, Teh said that retirees would need to allocate ...

UniSuper redefines comfortable retirement

EMMA RAPAPORT  |  TUESDAY, 14 MAR 2017
... lower income, it varies for each individual." Traditionally superannuation funds have relied on the ASFA Retirement Standard of $59,619 a year for a couple and $43,372 a year for a single individual to benchmark how members are tracking retirement income ...

UniSuper develops personalised retirement benchmark

KERRIE SYDEE  |  FRIDAY, 29 JUL 2016
... indicators of members' progress in attaining a level of retirement savings needed to maintain their pre-retirement standard of living. UniSuper chief executive Kevin O'Sullivan, said for funds such as UniSuper, with a base of largely professional members ...

ASFA backs super boost pledge

DARREN SNYDER  |  FRIDAY, 8 JUL 2016
... huge gap between the current average super balance, $112,000 for women and $198,000 for men, versus ASFA's Retirement Standard of $545,000 for a single person or $645,000 for a couple to live a comfortable lifestyle in their retirement." ASFA said that ...

UniSuper creates member comparison tool

DARREN SNYDER  |  WEDNESDAY, 29 JUN 2016
... super sector with many Australians uncertain whether they will have enough money to maintain their pre-retirement standard of living. "In our view, superannuation's primary purpose is to smooth consumption over a person's life by replacing income from ...

Retiring 'comfortably may require 3 income building blocks: Legg Mason

PROMOTED BY LEGG MASON  |  TUESDAY, 21 JUL 2015
... fully invested in such products will need at least $1.851 million to live comfortably, based on the ASFA retirement standard of $58,4442. For those with a more modest nest egg the simple way to retire comfortably would be to invest in higher income strategies ...
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