News : Retirement

Post-retirement employment fine

July 15, 2024

SMSF Self-managed superannuation Condition of release definition of retirement

Starting a new job after having legally retired will not mean a person will lose the tax benefits from an existing income stream.

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Investments, Retirement, SMSF

SMSF member longevity risk concern low

SMSF Vanguard/Investment Trends SMSF report

June 3, 2024

Jason Spits

The level of confidence SMSF members have that their retirement savings will be sufficient to last their lifetime is three times higher than for those without a fund, new research has found.

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Pensions, Retirement

Design weaknesses of annuities addressed

Retirement income Account-based pensions Annuities

April 8, 2024

Darin Tyson-Chan

Annuities are showing an increase in popularity among retirees since providers of these products have addressed some of the associated design issues.

Examination of SMSF retirement income role

Retirement income covenant Superannuation Treasury SMSF

December 15, 2023

Jason Spits

The government will examine how superannuation is being used in retirement and has asked how SMSFs are managing risks and maximising income for members.

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Retirement

Inflation puts strain on retirees

December 1, 2023

Todd Wills

Retirees are experiencing growing challenges in sustaining a comfortable lifestyle due to the rising costs of basic necessities.

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Pensions, Retirement, Superannuation

Retirement system a major challenge

Retirement system financial literacy AMP

September 22, 2023

Todd Wills

Many Australian retirees face difficulties in understanding the retirement system and lack confidence in managing their finances for retirement.

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Pensions, Retirement

Standard minimum pension level returns

May 19, 2023

Darin Tyson-Chan

The recent budget gave the industry a very good indication that minimum pensions will be returning to pre-COVID rates from 1 July 2023.

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Retirement, Superannuation, Tax

Soft cap bias called out

April 21, 2023

Darin Tyson-Chan

The government has been accused of showing bias against SMSFs in its proposal to implement a $3 million soft cap on superannuation members.

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Retirement

Retirees see another cost of living rise

March 24, 2023

Jason Spits

The cost of living for retirees increased by 2.5 per cent in the last quarter of 2022 and by 7.5 per cent over the year, raising the level of super needed to fund a comfortable retirement.

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Retirement

Health card, deeming rate changes introduced

October 28, 2022

Jason Spits

The income threshold for the Commonwealth Seniors Health Card will increase, while deeming rates will be frozen as part of measures contained in the budget.

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