Open to Australians aged 67 or older, the scheme has an interest rate of just 3.95% – which hasn’t changed in more than three years.
Articles on retirement income
Displaying 1 - 20 of 30 articles
Your super balance isn’t supposed to be a scorecard. But there are simple steps everyone can take to boost it, at any stage of life.
One in five super funds are leaving members to make high-stakes decisions about retirement alone.
Asking people to find extra money to lock away in KiwiSaver during a cost-of-living crunch risks pushing them in the opposite direction.
Australians have been told for decades that they’re not saving enough for retirement. But the vast majority of retirees today and in future are likely to be financially comfortable.
The number of elderly people in need of support in Africa is projected to grow at annual rates above 3% up to 2050.
Our research shows the co-contribution scheme does little to help low and middle-income earners. The new Albanese government should consider discontinuing it – saving hundreds of millions of dollars.
More older Australians are carrying housing debt later in life, or not owning homes at all, but lack suitable alternatives to the family home. The result is lower incomes in retirement.
Liberal senator Andrew Bragg is one of the Coalition backbenchers who oppose the scheduled superannuation guarantee rise to 12%. They are looking to the retirement incomes inquiry to leverage change.
Compelling Australians to put even more into super runs the risk of giving them a better standard of living in retirement than they had while working.
If you rent, you are highly likely to live in poverty in retirement. If you own your own home the pension and super will probably be enough for you.
A recent study suggests that divesting in fossil fuels not only allows investors to address their climate change concerns, it also reduces financial risks and increases financial returns.
Retirees are often urged to downsize to free up suburban properties for the next generation and for higher-density development. What’s being ignored is the costs of moving into a unit or apartment.
Any significant decline in home ownership or equity in a home impacts higher care needs: older people will not have an asset to sell to fund the bonds required to enter aged care accommodation.
What critics of the plan to use superannuation for housing miss is that Australia’s super system already channels a significant proportion of retirement savings into housing.
Current super policy is compelling people to save for a higher living standard in retirement than they enjoy during their working lives.
Budget superannuation changes redirect concessions to lower income earners where they are most needed.
Legislating a definition of super overlooks the real motivators behind people saving for retirement.
The presidential candidates are largely ignoring one of the biggest economic issues facing Americans: more than half are struggling to save enough for retirement.
The government compels us to do lots of things without any incentive payment, so why should super be any different?
Top contributors
-
Professorial Fellow and Co-Director, HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
-
Program Director, Housing and Economic Security, Grattan Institute
-
Associate Professor in the Department of Finance and co-director of the Brain, Mind & Markets Laboratory, The University of Melbourne
-
Lecturer in Accounting, The University of Queensland
-
Professiorial Fellow, The University of Melbourne
-
Research Fellow, Griffith Centre for Personal Finance and Superannuation (GCPFS), Griffith University
-
Adjunct Professor, Curtin Law School and Curtin Business School, Curtin University
-
Professorial fellow, Monash University
-
Professor of Law, Discipline of Law, Justice and Society, Adelaide University
-
Professor, Centre of Policy Studies and the Impact Project, Victoria University
-
Senior Research Associate, International Centre for Future Health Systems, UNSW, UNSW
-
Leader, Innovation for Services in Science, CSIRO
-
Productivity Growth Program Director, Grattan Institute
-
Senior Associate, Monash University
-
Vice Chancellor's Fellow at Victoria University and Adjunct Professor of Economics, Victoria University