Deeming freeze a win for Age Pensioners | Vanguard
June 10, 2024
By Tony Kaye, Senior Personal Finance Writer Why the decision to keep deeming rates on hold may be a window for interest rates. In delivering the second reading of the Appropriation Bill (No. 1) 2024–25 last week, otherwise known as the latest federal budget, the Treasurer announced that the current freeze on social security deeming…
There’s more than one way to boost retirement income
March 2, 2021
After spending their working life building retirement savings, many retirees are often reluctant to eat into their “nest egg” too quickly. This is understandable, given that we are living longer than previous generations and may need to pay for aged care and health costs later in life. But this cautious approach also means many retirees…
The Australian retirement system – good, but room for improvement
December 16, 2019
You could be forgiven for thinking Australia’s superannuation system is a mess. Depending who you talk to, fees are too high, super funds lack transparency and Governments of all political persuasions should stop tinkering. Yet according to the latest global assessment, Australia’s overall retirement system is not just super, it’s top class. According to the…
September 2019
September 9, 2019
It’s September and spring is in the air. It’s time to shake off the winter cobwebs, get out into the garden or the great outdoors. It’s also a good time to plan your summer break. August was a challenging month for investors. Global markets reacted negatively to an escalation in the US-China trade war and…
Pensions to rise as deeming rates fall
September 9, 2019
It’s been a long time coming, but up to 630,000 retirees could soon enjoy a small but welcome increase in their Age Pension payments following a cut in deeming rates used for the pension income test.i Under the Age Pension income test, you are ‘deemed’ to earn a certain rate of interest on your savings…
Beware of pension pressure
February 2, 2017
Changes to the pension assets test that came into force on January 1 have resulted in some retirees losing some, or all, of their pension entitlements.
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