News : Retirement

Retirement, Superannuation

Make homes part of retirement funding

Retirement income Housing Home Superannuation Actuaries Institute Andrew Boal

The homes of retirees should be considered in discussions about funding retirement incomes, with changes made in pension policies to make it more attractive to drawn down on equity.

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Retirement, SMSF, Superannuation

Leave payments may block super release

MLC TechConnect Julie Steed Superannuation Definition of Retirement Termination of employment

SMSF members ending work may not be retired from a super standpoint if they continue to receive any form of employer payments, which may restrict access to their savings.

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Downsizer, Retirement, Superannuation

Lifestyles stifle downsizer use

Downsizer contribution Superannuation Retirees HLB Mann Judd Sydney Jonathan Philpot Michael Hutton

Lifestyle considerations are playing a significant part in retirees’ willingness to invoke the downsizer contribution provisions.

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Retirement, Superannuation

Renting retirees shows need for super

Vanguard Australia Daniel Shrimski Retirement Renting Mortgage Superannuation

The role of superannuation in building wealth for retirement has been highlighted again by new research showing a third of retirees finish work without fully owning their home.

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Compliance, Regulation, Retirement, Superannuation

Retirement work hours are strict

Definition of retirement Work SMSF Condition of release

The maximum number of hours associated with retirement status is a strict measure applied per week and not over a longer period of time.

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Legislation, Regulation, Retirement

Simple retirement contributions reform needed

Retiree Super Members Council Contribution

The government should remove the rule that requires retirees to open a new accumulation-phase super fund for contributions if they decide to engage in part-time work.

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Retirement

Retirees cautious about helping children

Retiree Children Financial hardship AMP retirement lifestyle downsize

Many retirees want to help their children deal with financial challenges, but are unwilling to trade off their own financial security to do so.

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Retirement, SMSF, Superannuation

$250,000 threshold for member moves

Investment Trends Ludovic Sevestre survey Superannuation switching member engagement Self-directed

A super balance of $250,000 is the threshold at which fund members are seeking more from their provider, with those aged 45 more likely to look at switching.

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Retirement

Retiree expenses hit new high

ASFA Retirement standard Inflation Cost of living

Living expenses for retirees increased last quarter due to rising healthcare and insurance costs, however, weaker rises in food and fuel prices may signal a potential slowdown in inflation.

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Retirement, Superannuation

Inflation pushing retirees to work longer

Inflation Cost-of-living Retirement

Retirees are choosing to stay in the workforce longer and postpone their retirement plans due to record rises in cost-of-living expenses.

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