Pensioners set to get a pay rise

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AMP research has found part-pensioners could receive a lump sum payment of up to $178 for singles and $234 for couples when the federal government’s deeming rate changes come into effect next month. The deeming cut is the first since 2015 and was announced earlier this year. It will be backdated to 1 July meaning eligible part-pensioners […]

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AMP reveals what’s changing in the new financial year

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The new financial year will see a raft of laws and scheduled changes coming into force impacting everything from extra super contributions, through to the age you can access the pension and the introduction of a government-funded reverse mortgage option for self-funded retirees. AMP Technical Strategy Manager John Perri explains how the key policy changes […]

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Changes to Pensioners Loan Scheme set to boost retiree bank balances

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Federal government changes to the Pensioners Loan Scheme allowing retirees to boost their income through a reverse mortgage on the family home are about to come into effect in the new financial year. The amendments to the existing Pensioners Loan Scheme announced in the 2018 federal budget have two key components making the scheme more […]

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How the election result impacts super

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The re-election of the Coalition Government has provided more certainty for super fund members as they can focus on using the current rules to 30 June 2019 and beyond, rather than considering how they could have been impacted by a range of changes proposed by the ALP. In this article, we briefly examine the super […]

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Mind the cap and check your payslips – how to make the most of your super contributions

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As we head towards the end of the financial year, the AMP technical super support team has seen an increase in the number of calls regarding how much people can contribute to super before reaching their concessional (before tax) and non-concessional (after tax) contributions caps. Analysis of data from over 1800 calls revealed a focus […]

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AMP monthly data reveals superannuation hot topics

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Accessing super and understanding the conditions for release was the key issue financial advisers helped their clients with last month, according to AMP’s technical superannuation adviser support team. Data from more than 2000 calls made by advisers in February showed a spike in queries about early access to super. AMP’s team of technical superannuation experts […]

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