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Showing 1 - 10 of 21 results for "TAPER RATE"

Retirees unfairly targeted by tax: HESTA

ELIZA BAVIN | FRIDAY, 12 SEP 2025

... highest tax rates, the findings show 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 ...

Labor promises cheap childcare, climate action

ELIZABETH MCARTHUR | FRIDAY, 1 APR 2022

In his reply to the 2022 Federal Budget, opposition leader Anthony Albanese has promised cheaper childcare and an investment in renewable energy. Like Treasurer Josh Frydenberg, Albanese focused much of his Budget reply speech on the cost of living. ...

Childcare key to super gap

ELIZABETH MCARTHUR | WEDNESDAY, 23 MAR 2022

... modelling from Deloitte found that boosting the childcare subsidy for low- and middle-income families and flattening the taper rate could change this. Modelling in the report found that increasing the affordability of childcare would mean that Australians ...

HESTA asks Retirement Income Review to consider ERS

KANIKA SOOD | FRIDAY, 19 JUN 2020

The $52 billion industry super fund says its younger members have "virtually drained" their retirement savings during COVID-19 and is asking the Retirement Income Review to urgently consider ERS's impact on women's retirement outcomes. About ...

Taper rates need revamp

KANIKA SOOD | THURSDAY, 4 JUN 2020

... on the Age Pension alone. People with $300,000 to $800,000 in retirement savings could benefit from a more equitable taper rate, longevity protection products (especially deferred lifetime annuity style products) and low-cost access to financial advice ...

ISA reaffirms stance on super guarantee

ELIZA BAVIN | TUESDAY, 4 FEB 2020

... meet performance benchmarks or be removed from the system by APRA, expanding workplace award coverage and lowering the taper rate to $2 to remove a disincentive to save for middle income earners. It also recommended examining tax concessions, increasing ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA | WEDNESDAY, 10 JUL 2019

... Commission in 2013. The Australian Institute of Superannuation Trustees head of advocacy Ailsa Goodwin said adjusting the taper rate is critical to the integrity of superannuation and the wider retirement income systems. "We need to restore appropriate ...

Super delivers for the masses: Challenger

KARREN VERGARA | WEDNESDAY, 26 JUN 2019

... from their super. For those with balances above $258,500, the harsher assets test kicks in with the 7.8% per annum taper rate." In 2018, only 42% of age eligible retirees were on the full Age Pension - this includes retirees in their 90s who have never ...

Labor policies boost superannuation agenda

KARREN VERGARA | FRIDAY, 17 MAY 2019

... contributions," the AIST said. However, neither party have made a commitment to address concerns with the Age Pension taper rate, which was "too steep" and denied many retirees with relatively low super balances access to the part Age Pension. AIST chief ...

Asset test rules hurting retirement savings: SMSFA

KARREN VERGARA | WEDNESDAY, 10 JAN 2018

... "detrimental" behavioural effects one year on. SMSF Association chief executive John Maroney said changes to the means test taper rate and thresholds, which came into effect on 1 January 2017, reduce the entitlement to the Age Pension as a person or ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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