Australia’s retirement income ‘bulge’ requires urgent, comprehensive fix

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Leading consultants to the financial services and superannuation sector Rice Warner has outlined the scale of the retirement incomes bulge facing Australia’s ageing population, its policymakers, superannuation funds and product manufacturers. The next 15 years will see more Australians leaving or winding down from the workforce than entering it. On Rice Warner analysis, Australia’s ageing nation will comprise two […]

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Pension changes a positive for SMSF trustees

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Changes to how non-reversionary pensions are treated when a pensioner dies will have far-reaching tax implications for self managed super funds. SMSF Professionals’ Association of Australia (SPAA) Director, Technical and Professional Standards, Graeme Colley, says the changes to the super law to allow the tax exemption to continue on the income from investments after the death of a […]

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Pensions ruling opens Pandora’s box for some super funds

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The State Technical Days held by the SMSF Professionals’ Association of Australia (SPAA) has highlighted that the draft pensions ruling released by the Australian Tax Office (ATO) still leaves open a Pandora’s Box on when a pension stops and starts.  Graeme Colley, SPAA Director – Education and Professional Standards, said that the publication of the […]

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Family Trusts, Private Companies and Centrelink – how do the Attribution Rules affect your Retiring Clients?

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This Article was updated on July 23, 2012 – To see the update click here . It is surprising how often I receive calls from advisers asking me to explain how Centrelink will treat their client’s family trust or private company, predominantly for Age Pension eligibility. (This story first appeared in the Journal of Financial Advice […]

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New S&P Report Says Australia’s Pension System Provides Roadmap for Strengthening Asian Capital Markets

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Asian economies with an eye on the future could benefit from a closer look at the development of Australia’s superannuation industry, according to an executive comment released today by Standard & Poor’s.  Moreover, Australia’s experience in creating a well functioning pension system provides a way to overcome current shortfalls in financial services expertise, corporate governance, […]

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