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Pension

March

Expat Denise Moloney says the UK pension deal is a ‘no-brainer’.

How this expat turned $6300 into a UK pension worth $370,000

Experts say 2 million Australians could qualify for a UK pension when they retire, but the opportunity is about to become less lucrative.

Australia’s superannuation sector is a national treasure, but that doesn’t mean funds cannot be run better. ASIC makes a good case to clean up death benefits.

How super funds treat your money when you die is shameful

What we have is a returns-focused industry that makes it very easy to put money in, but much harder for your next of kin to get it out.

Tori and Ryan Spettigue, pictured with their three children Allegra, Henry and Louis. Tori and Ryan wanted transparency and cost of living relief from the federal budget.

How this typical family will be affected (including housing worries)

Tori and Ryan Spettigue hoped for help with childcare, and they got it. Sort of. They still worry their kids won’t be able to afford to live anywhere near them when they grow up.

Jim Chalmers.

Deeming rates on hold in budget to woo pensioners ahead of poll

When the rates are increased, it is equivalent to saying the pensioner is earning more on their private assets and therefore needs less welfare support.

For most Australians and UK expats, it’s remarkably affordable.

A $480,000 opportunity for Australians who did a stint in London

Thanks to an unusual provision in UK law, Australians who worked in the UK for at least three years may be eligible to claim a state pension.

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Transgrid towers on a property 60kms south of Broken Hill.

Future Fund set to buy into Transgrid amid hefty energy transition bill

Future Fund is preparing to invest in TransGrid at a time when it has faced pressure from the Labor government to consider three national priorities – housing, renewable energy and infrastructure.

February

The average uplift in age pension payments among AMP clients has been $8000 a year.

Doing this could increase your retirement income by thousands

Retirees may not know that using their superannuation to buy an annuity can boost their Centrelink age pension payments.

Insignia Financial boss Scott Hartley said members were best serviced when they received independent financial advice fit to their situation.

Retirees need advice, not force-fed standard products: Insignia boss

“One size does not fit all in retirement,” Scott Hartley says in response to The Australian Financial Review reports about government’s best practice consultation.

More than 1 million people are missing out on thousands of dollars a year in benefits from the Commonwealth Seniors Heath Card because they may not know they are eligible.

1 million retirees are missing out on this $60,000 perk

Changes in eligibility rules mean that more than 1 million people are entitled to the Commonwealth Seniors Health Card but do not claim it.

Future Fund CEO

Future Fund grows by $26b riding US stock surge

The sovereign wealth fund has delivered a chunky return after upping its exposure to global equities.

January

If you’ve been receiving the government aged pension, hold off on major changes until this key legislative change.

Retirees warned not to switch off legacy pensions just yet

Wait for the government to enact a formal debt waiver so you don’t get asked to hand back age pension payments.

December 2024

Australia’s biggest life insurance companies have all changed hands in the past decade.

Japanese giant shows courage with life insurance slam dunk deal

It takes Japanese-type conviction to double down on a challenged market, and pay a big price to do so.

November 2024

It was designed to be independent, to make sound investments, and to deliver financial returns for all Australians.

Hands off, the Future Fund is not a political slush pool

Treasurer Jim Chalmers’ plan means that a cornerstone of Australia’s financial security is suddenly viewed as a mere piggy bank for the latest government whim.

October 2024

Australians are lucky to have the nearly $4 trillion superannuation sector. It is world class, but can always be better.

Super system potshot a chance to double down on Keating’s vision

While we should not let the International Monetary Fund dictate how ordinary Australians’ savings are invested, it does have a point worth talking about.

September 2024

The best and worst retirement calculators revealed

Wildly different answers emerged when the same scenario was plugged into dozens of super funds’ retirement calculators. Now a consumer group is demanding higher standards.

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There’s nearly $4 trillion in Australia’s superannuation funds, but we need to get better at working out how to spend it.

How to fix the dearth of retirement options

It is clear that Australians need better retirement-income products. Annuities make some sense, yet their uptake is low. But change looks to be on the horizon.

August 2024

A transition to retirement pension can help ease you into post-work life.

How to work less, help the kids and do the job you always wanted

A transition to retirement pension offers opportunities to revamp your lifestyle, pay down debt or gift a home deposit. Here’s how to take advantage.

David and Jenine Fleming.

The tools showing retirees they have more to spend than they thought

Retirement income modelling is advancing rapidly, giving people an unprecedented ability to plan their own financial futures.

Ian Patrick managed a $10 billion switch into risky exposures.

This $300b super fund is making a monster move to stocks

Australian Retirement Trust has decided that a big chunk of its members will do a lot better with their pension nest egg invested in riskier assets.

July 2024

Joe Biden and Kamala Harris.

Biden should go one step further and resign as president now

Letters from readers on the US election; Michael Stutchbury stepping down; climate analysis; pension reform; and protecting healthcare from cyber threats.

Original URL: https://www.afr.com/topic/pension-60f