Podcasts about age pension

Welfare payments provided by the Australian Government

  • 71PODCASTS
  • 99EPISODES
  • 16mAVG DURATION
  • 1MONTHLY NEW EPISODE
  • Dec 18, 2024LATEST

POPULARITY

20172018201920202021202220232024


Best podcasts about age pension

Latest podcast episodes about age pension

Super Insider
Age Pension expert Q&A - rules, common mistakes & how to qualify (Australia)

Super Insider

Play Episode Listen Later Dec 18, 2024 32:29


Our first Age Pension episode was a massive hit so we're back with a second instalment.  In this episode of Super Insider, Age Pension expert Justin Bott from Services Australia returns, this time with ART's Education Team Leader, Kane Everingham. Together, they tackle some of the most common – and misunderstood – questions about the Age Pension.   You'll hear simple answers about who qualifies, what the income and asset tests involve, and how you can keep more money in your pocket.  00:00 Age Pension Q&A: What you need to know  02:06 What's the Age Pension?   02:41 Who is eligible for the Age Pension?   03:24 What are the income and assets tests?   05:35 Can I earn an income and still get a pension?   07:51 What happens if I apply for Age Pension before my partner?   09:11 How does my super impact my pension?   09:44 What's a deemed financial asset?   12:45 How does lump sum super withdrawals affect the Age Pension??   14:50 What are some common misunderstandings about the Age Pension?   17:12 Does home ownership change my Age Pension eligibility?   19:10 Can I downsize my home and get the Age Pension?  20:41 Does receiving an inheritance affect my pension?   24:10 Can I gift money or assets without it affecting my pension?   27:40 Can I loan money while receiving Age Pension?  28:45 When's the best time to apply for the Age Pension?   29:55 What do I need to apply for the Age Pension?  If you're confused about how the Age Pension works, wondering if you're eligible, or want to know how your super and other assets could affect your payments, we've made this episode for you.   Jump in and listen now.

Australian Retirement Podcast
I'm done! How can I retire early, or very early?

Australian Retirement Podcast

Play Episode Listen Later Oct 31, 2024 33:57


In this Australian Retirement Podcast episode, your hosts Drew Meredith, from Wattle Partners, and James O'Reilly, from Northeast Wealth discuss how people can retire well before Age Pension age (currently 67yo). Get retirement advice: https://bit.ly/R-plan Ask a question (select the Retirement podcast): https://bit.ly/3QtiY00 Topics covered today: - Getting clear on your retirement goals before you retire - How your investment composition may differ if looking to retire in your 50s or early 60s - Building wealth aggressively to stop working earlier - Can investment properties support your retirement plans? - Finding a better work/life balance as your near retirement Resources for this episode: Drew on LinkedIn: https://www.linkedin.com/in/drew-meredith-88aba620/ James on LinkedIn: https://www.linkedin.com/in/jporeilly?originalSubdomain=au Types of Investment Structures explained: https://www.australianshareholders.com.au/learn-connect/investor-resources/understanding-investments/types-of-investment-structures/ Geared investing in your Super*: https://www.betashares.com.au/insights/gearing-in-super/ * But note the risks! ~~ Resources for the show ~~ Get retirement advice: https://bit.ly/R-plan Ask a question (select the Retirement podcast): https://bit.ly/3QtiY00 Invest with Rask: https://bit.ly/R-invest Access all episodes: https://bit.ly/R-notes Mortgage Broking: https://bit.ly/broke-rask Property Coaching: https://bit.ly/R-P-coach 100-point property checklist (PDF): https://bit.ly/prop-check Accounting: http://bit.ly/3DG5lWS Business Coaching: https://bit.ly/o-coach DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you're confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

SBS Vietnamese - SBS Việt ngữ
Cơm áo gạo tiền: Những điều cần biết về tiền cấp dưỡng người già tại Úc

SBS Vietnamese - SBS Việt ngữ

Play Episode Listen Later Oct 17, 2024 14:18


Tiền cấp dưỡng người già (hay còn gọi Age Pension) là một khoản trợ cấp của chính phủ úc để hỗ trợ thu nhập cho những người Úc từ 67 tuổi trở lên, dựa vào thu nhập và tài sản mà họ sở hữu. Làm sao lập kế hoạch tài chính hiệu quả để nhận được số tiền cấp dưỡng người già cao nhất?

Super Insider
Ready to retire? Understand your superannuation options at retirement

Super Insider

Play Episode Listen Later Oct 7, 2024 26:15


Do you know how you'll set up your finances once you've stopped working full time? If you want to understand your options at retirement and how to access your super, this Super Insider episode has been made for you. It's one of our popular Q&A sessions where we unpack how to plan for the lifestyle you've worked your whole life for.   We cover some of our most frequently asked questions like:   0:00 Ready to retire?   1:28 What's the age that I can retire?  3:47 What does preservation age mean?  5:03 How much should I aim to save before I retire?  8:49 How do I start using my super?  13:16 When can I access the Age Pension?   18:33 How will tax affect my income in retirement?  19:46 What's the downsizer super contribution?  22:31 What happens to my super when I pass away?  Whether you're winding down work, or are planning to retire soon, this is the episode that will keep you on track.   Join our community of people keen to live their best retirement. Because the more you know about super, the more you can plan for your future. Subscribe to Super Insider now with the links below ⬇️.   FOLLOW SUPER INSIDER   Apple Podcasts - https://podcasts.apple.com/au/podcast...   Spotify - https://open.spotify.com/show/1aXYHWZ...   RECOMMENDATIONS   For guidance on super balances and retirement planning   How much super do I need?   For information on Age Pension eligibility and rules   Age Pension Services Australia   IF YOU LIKED THIS EPISODE YOU MAY LIKE   Transition to Retirement – your guide to accessing your super while still at work    What happens to super when you die?   WE'D LOVE TO HEAR FROM YOU!   If you found this episode helpful, drop us a comment and let us know the topics or questions you'd like us to cover next. Or email us at podcast@art.com.au. Thank you!   CREDITS    Ruth Weaver, Australian Retirement Trust Education Manager   Adele Fisk, Australian Retirement Trust Financial Adviser     The opinions and comments shared by people in this podcast are theirs alone, and they're not necessarily shared by the Trustee. It uses information that's accurate at the time of publishing.  This is general information only. It's not based on your personal objectives, financial situation or needs. So, think about those things and read the relevant Product Disclosure Statement and Target Market Determination at art.com.au/pds before you make any decision about our products. And if you're still not sure, talk with a financial adviser.   This information and all products are issued by Australian Retirement Trust Pty Ltd (ABN 88 010 720 840, AFSL 228975) (‘Trustee'), trustee of Australian Retirement Trust (ABN 60 905 115 063) (‘the Fund' or ‘ART').   Any advice given is by representatives of Sunsuper Financial Services Pty Ltd (ABN 50 087 154 818, AFSL 227867) or QInvest Limited (ABN 35 063 511 580, AFSL 238274), both wholly owned by the Trustee. As representatives, they may recommend ART products from time to time. So read the relevant Financial Service Guide at art.com.au/fsg to tell you about that advice and how they're paid.  Any information given by the guest speaker is provided as general information only and not financial advice. 

Super Insider
Age Pension Australia – understand the rules and how to qualify

Super Insider

Play Episode Listen Later Sep 23, 2024 19:36


Ever wondered how the Age Pension works and how you qualify? In this episode, host Anne Fuchs sits down with Justin Bott from Services Australia to break down everything you need to know.  Tune in to learn:  the rules for eligibility  how Age Pension payments are calculated  what income and assets are counted  how to claim through Services Australia  what to do if your circumstances change.  Whether you're close to retirement, or just starting to think about it, this episode offers useful tips and insights to help you navigate retirement planning with confidence.  FOLLOW SUPER INSIDER    Apple Podcasts - https://podcasts.apple.com/au/podcast...    Spotify - https://open.spotify.com/show/1aXYHWZ...     RECOMMENDATIONS    How the Age Pension and super work together  How much Age Pension can you get?  IF YOU LIKED THIS EPISODE YOU MAY LIKE    Income in retirement: how to access your superannuation  Is financial advice worth it?  WE'D LOVE TO HEAR FROM YOU!     If you have any feedback, or topics you want us to cover in upcoming episodes, just drop us an email at podcast@art.com.au. Thank you!      CREDITS     Anne Fuchs, Australian Retirement Trust Executive General Manager Advice, Guidance and Education    Justin Bott, Services Australia Customer Information Officer     The opinions and comments shared by people in this podcast are theirs alone, and they're not necessarily shared by the Trustee. It uses information that's accurate at the time of publishing.  This is general information only. It's not based on your personal objectives, financial situation or needs. So, think about those things and read the relevant Product Disclosure Statement and Target Market Determination at art.com.au/pds before you make any decision about our products. And if you're still not sure, talk with a financial adviser.   This information and all products are issued by Australian Retirement Trust Pty Ltd (ABN 88 010 720 840, AFSL 228975) (‘Trustee'), trustee of Australian Retirement Trust (ABN 60 905 115 063) (‘the Fund' or ‘ART').   Any advice given is by representatives of Sunsuper Financial Services Pty Ltd (ABN 50 087 154 818, AFSL 227867) or QInvest Limited (ABN 35 063 511 580, AFSL 238274), both wholly owned by the Trustee. As representatives, they may recommend ART products from time to time. So read the relevant Financial Service Guide at art.com.au/fsg to tell you about that advice and how they're paid.  Any information given by the guest speaker is provided as general information only and not financial advice.     

Afternoons with Deborah Knight
July 3 - Navigating the age pension

Afternoons with Deborah Knight

Play Episode Listen Later Aug 1, 2024 13:29


Blake Wendt from Pretzel Wealth answers questions about the age pension.See omnystudio.com/listener for privacy information.

Afternoons with Simon Beaumont
Calls for the family home to be included in age pension asset test based on the value of the property

Afternoons with Simon Beaumont

Play Episode Listen Later Jul 22, 2024 8:22


Actuaries Institute's retirement strategy group chairman Andrew Boal joined 6PR Afternoons to talk about how the system works.  See omnystudio.com/listener for privacy information.

360 Money Matters
131. Maximising Age Pension

360 Money Matters

Play Episode Listen Later Apr 9, 2024 21:02


Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discussed getting the most out of age pension. We talk about who can get it, how it's been changing, and how the government decides who gets it based on what you own and earn. We also share tips on how to maximise the age pension also! Furthermore, we explain that there are limits to gifting money while still qualifying for age pension. That's why it is important to plan early and get advice because living costs can be tough on just the pension. So, think carefully about your money to make sure you're set for retirement. Take charge of your financial future by learning how to maximise your age pension entitlements. Join us now! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis &  Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706   Episode Highlights About age pension eligibility Means testing and assessment of assets Strategies for maximizing age pension entitlements Complexities to consider regarding beneficiary impact and fund preservation Understanding spousal contribution and superannuation strategies  Gifting assets and financial structuring   Connect with Billy and Andrew! 360 Financial Strategists    Check out our latest episode here:  Apple Podcast Spotify Google Podcast  

Money News with Ross Greenwood: Highlights
Kaye Fallick, Retirement Commentator

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Mar 20, 2024 9:11


The Age Pension has risen for both singles and couples, but is it really enough to help retirees keep up with cost of living challenges?See omnystudio.com/listener for privacy information.

SBS Tamil - SBS தமிழ்
What are the major changes coming in 2024, How will it affect you? - 2024ஆம் ஆண்டு நடைமுறைக்கு வரும் முக்கிய மாற்றங்கள் என்ன, அவை உங்களை எவ்

SBS Tamil - SBS தமிழ்

Play Episode Listen Later Jan 3, 2024 11:31


Notable changes have been introduced this year for pivotal entities such as Centrelink, Age Pension, and Medicare. - Centrelink, ஓய்வூதியம் மற்றும் மருத்துவ காப்பீடு போன்றவற்றில் குறிப்பிடத்தக்க மாற்றங்கள் இந்த ஆண்டு அறிமுகப்படுத்தப்பட்டுள்ளன.

The moments that count
Are you eligible for the Age Pension?

The moments that count

Play Episode Listen Later Nov 20, 2023 16:51


Many retired Australians qualify for some level of the Government Age Pension. If you're one of them, you could potentially use it to top up your super to support your retirement. In this episode, host Shane Hancock chats with financial adviser Steve Lambou about what the Age Pension is, how it works, and the various eligibility requirements. If you'd like a different question answered in the podcast about how you could make the most of your super, we'd love to hear from you. Complete the form at australiansuper.com/story To find out more about AustralianSuper visit australiansuper.com AustralianSuper has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195, AFSL 232514 to facilitate the provision of financial advice to members of AustralianSuper. Advice is provided by financial advisers who are Authorised Representatives of IFS. Fees may apply. Further information is in the IFS Financial Services Guide available by calling 1300 138 848. IFS is responsible for any advice given to you by its Authorised Representatives. This may include general financial advice which doesn't take into account your personal objectives, financial situation or needs. Before making a decision consider if the information is right for you and read the relevant Product Disclosure Statement, available at australiansuper.com/PDS or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/TMD. AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.See omnystudio.com/listener for privacy information.

Think Smart with TMFG
10 Ways to Keep Your Old Age Pension Coming In

Think Smart with TMFG

Play Episode Listen Later Oct 12, 2023 18:55


Maximizing your old age pension and minimizing your old age security clawback in Canada can require careful financial planning and an understanding of the country's pension system. However, staying informed about changes in pension legislation and consulting a financial advisor can help you navigate the complex landscape of maximizing your old age pension benefits in Canada. Listen here today to find out some of the strategies you might want to put into practice. (01:08): What's the difference between Old Age Security and Canada Pension Plan? (02:46): The basics to know to make sure you're getting your OAS (03:41): Eligibility (05:38): How does the OAS clawback work? (06:58): Some ideas on how to ensure that you get your OAS (07:54): Mistakes that people make (09:50): How fee-based accounts can help (10:38): How to deal with dividend income (11:07): Maximizing TFSAs (12:06): Income splitting (12:45): How to deal with capital gains (14:28): Gifting tax-free (15:40): Bonus ideas

Doin Time
Black Peoples Union and Treaty | Federal Court dismisses age pension discrimination case

Doin Time

Play Episode Listen Later Aug 21, 2023


*Content Warning: This episode of Doin' Time contains audio images of Aboriginal and Torres Strait Islander people who have died, and discussion of Deaths in Custody. First up on today's show, Marisa interviews Wani Wandian man, longtime activist, and President of the Black Peoples Union, Kieran Stewart-Assheton, who kicks off his interview with a brief explanation of the general aims and work of the BPU as a revolutionary political organisation, and their nonconservative NO campaign in regards to the Voice to Parliament. He goes on to discuss the history of the idea of an Aboriginal advisory committee as a Liberal Party initiative to further undermine First Nations people exercising their Sovereignty, the $25-27M in donations to the Yes23 campaign by mining companies and their affiliates, and the specific kind of Treaty the BPU aims toward... not one with a colonial government who only aims to divide and conquer and further oppress, ending the interview with words of hope. There continues to be a large gap in life expectancy between Aboriginal and non-Aboriginal people, and yet the age of access to the age pension continues to discriminate against Aboriginal people. Next up on the show, Marisa speaks with Gunditjmara woman and VACCHO CEO Jill Gallagher about the Federal Court of Australia, who has dismissed the legal challenge seeking fair and equal access to the age pension for Aboriginal and Torres Strait Islander people, failing to recognise this age pension discrimination.  She goes on to discuss the prevalence of chronic illness and overrepresentation in the criminal justice system for Aboriginal people, why she supports the Voice to Parliament, changing the culture of correctional services in Victoria, and more. Head to www.3cr.org.au/dointime for full access to links and previous podcasts.

SBS Cantonese - SBS广东话节目
原住民壽命較短 其長者應可提早取領取養老金?

SBS Cantonese - SBS广东话节目

Play Episode Listen Later Jul 13, 2023 5:01


一名原住民男子在聯邦法院打官司,他認為由於預期壽命關係,原住民應較非原住民澳洲人提前領取養老金 (Age Pension),但敗訴而歸。

Ben Fordham: Highlights
SUNDAY - Older Australians concerned over changes to age pension eligibility

Ben Fordham: Highlights

Play Episode Listen Later Jul 1, 2023 6:02


See omnystudio.com/listener for privacy information.

Alan Jones Daily Comments
SUNDAY - Older Australians concerned over changes to age pension eligibility

Alan Jones Daily Comments

Play Episode Listen Later Jul 1, 2023 6:02


See omnystudio.com/listener for privacy information.

Friends With Money
The sweet spot

Friends With Money

Play Episode Listen Later Jun 6, 2023 16:42


There's a magic number in superannuation that allows retirees to make the most of their own money and the Age Pension. It's called the super sweet spot. This week on the Friends With Money podcast, Money's Tom Watson is joined by journalist Susan Hely to discuss how the sweet spot works. Why should pre-retirees and retires know about it? What is the sweet spot for singles and couples? How does the taper trap work? What are the benefits of the aged pension? Is it still worth having a larger super balance? #friendswithmoney #tomwatson #susanhely #superannuation Listen on Apple Podcasts: https://apple.co/3mV0Cbr Listen on Google Podcasts: https://bit.ly/3qGfsoL Listen on Spotify: https://spoti.fi/3fSPI2h   Website: https://moneymag.com.au   Email: podcast@moneymag.com.au  See omnystudio.com/listener for privacy information.

SBS Mandarin - SBS 普通话电台
【生活杂志】养老金领取者的年龄可能提高到70岁?

SBS Mandarin - SBS 普通话电台

Play Episode Listen Later Jun 5, 2023 14:00


从今年7月1日开始,澳大利亚政府养老金(Age Pension)领取者的年龄要求将被提高到67岁。那么在未来这一年龄可能被提高到70岁吗?

Fresh Economic Thinking
The great superannuation debate— Part 1

Fresh Economic Thinking

Play Episode Listen Later Mar 16, 2023 53:28


What exactly is Super? What's its purpose?This is Part 1 of a special joint episode where Cameron is hosted by Matt from Aussie Firebug to participate in a debate about superannuation with CIO of The Motley Fool Australia, Scott Phillips.* What is the purpose of Super? * Is there an alternative to the current Super system? * Thoughts on how we could fix the Super system * Do we actually need to have both Super and the Age Pension? Check out Aussie Firebug hereFollow Cameron and Jonathan on Twitter.Theme music: Happy Swing by Serge Quadrado Music under Creative Commons Licence CC BY-NC 4.0Please leave a comment with your ideas for future podcast conversations and Substack posts.Thanks for reading Fresh Economic Thinking! Subscribe for free to receive new posts and support my work. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com

SBS Mandarin - SBS 普通话电台
新年养老金两大变化:出售自住房和收入

SBS Mandarin - SBS 普通话电台

Play Episode Listen Later Mar 12, 2023 7:39


2023 年 1 月 1 日起,Age Pension养老金 发生两项变化,其中一个与出售自住房有关。欢迎点击收听。

Aussie Firebug
80. Super Changes Debate - Scott Phillips vs Cameron Murray - Part 1

Aussie Firebug

Play Episode Play 30 sec Highlight Listen Later Mar 2, 2023 55:30


I'm so excited for this one today. There's been a few potential Super changes put forth by the Albanese government lately and I wanted to get two different viewpoints on the podcast to debate the pros and cons of the changes. I also wanted to talk about Super as a high-level concept. What exactly is Super? What's the purpose of Super? Is Super fulfilling its job? etc. We have two returning guests joining in today's discussion. CIO of The Motley Fool Australia, Scott Phillips and Economist Dr Cameron Murray. I'm playing moderator between these two as they give their different opinions on some of the following topics:What is the purpose of Super? (00:03:26)Is there an alternative to the current Super system? (00:11:38)Thoughts on how we could fix the Super system (00:19:27)Do we actually need to have both Super and the Age Pension? (00:39:48)LinksCameron Murray - SubstackCameron Murray - TwitterCameron Murray - FacebookScott Phillips - TwitterScott Phillips - Facebookwww.aussiefirebug.com/podcast

Mind Your Own Retirement
Noel Whittaker explains why banks have got it wrong with interest rates

Mind Your Own Retirement

Play Episode Listen Later Feb 4, 2023 11:29


Financial guru and podcast favourite Noel Whittaker joins host John Deeks to talk about all things interest rates. Noel explains where the banks got it wrong right from the start and how it's not all bad news for older Australians. Noel delves into financial products that will boost your chances of being eligible for the Age Pension.

RTÉ - Liveline
OCD - Planning Refused - Old Age Pension

RTÉ - Liveline

Play Episode Listen Later Jan 16, 2023 70:16


Stephanie speaks to Joe about her OCD. Frank has been refused planning permission on his family's land in Waterford.

Sunday Nights with Rev. Bill Crews: Highlights
Tapping into the "Grey Economy"

Sunday Nights with Rev. Bill Crews: Highlights

Play Episode Listen Later Nov 6, 2022 5:19


Rev. Bill Crews chats to Ian Henschke from National Seniors Australia about the barriers to pensioners filling skills gaps.   Currently, those on the Age Pension are allowed to earn a "Work Bonus" of $300 a fortnight for a single person, or $320 a fortnight for a couple. For every dollar earned above that amount, pension payments are reduced by 50 cents on every dollar.  The Work Bonus will be increased from December 1, taking it from $7,800 a year to $11,800 for this financial year. But the measure will expire on July 1.See omnystudio.com/listener for privacy information.

economy rev tapping age pension national seniors australia ian henschke
SBS World News Radio
SBS On the Money: Is the lift to the age pension enough?

SBS World News Radio

Play Episode Listen Later Sep 5, 2022 9:51


As part of the government's indexation review on a range of welfare payments, the maximum rate of the age pension will increase by 4 per cent.

SBS On the Money
SBS On the Money: Is the lift to the age pension enough?

SBS On the Money

Play Episode Listen Later Sep 5, 2022 9:51


As part of the government's indexation review on a range of welfare payments, the maximum rate of the age pension will increase by 4 per cent.

SBS Korean - SBS 한국어 프로그램
복지서비스 알아가기: 노인 연금, 얼마나 받을 수 있을까?

SBS Korean - SBS 한국어 프로그램

Play Episode Listen Later Aug 28, 2022 13:22


이번 시간에는 노인 연금(Age Pension)의 자격 요건 및 금액 산정 기준 등을 비롯해 많은 한인들이 궁금해하는 구체적인 질문에 대해 알아봅니다.

Mind Your Own Retirement
Noel Whittaker's take on the economic downturn

Mind Your Own Retirement

Play Episode Listen Later Jul 28, 2022 17:27


Noel Whittaker recaps the 1 July changes to superannuation, the Age Pension and deeming rates and shares some tips on navigating the economic storm.

Thursday Breakfast
Age Pension Discrimination, Australia-Indonesia Relations and West Papua, Doing Disability Advocacy, Heritage Policy and Climate Change

Thursday Breakfast

Play Episode Listen Later Jun 8, 2022


Acknowledgement of Country// Headlines// Marisa from 3CR's Doin' Time show caught up with Nerita Waight (Yorta Yorta), CEO of the Victorian Aboriginal Legal Service, about a recent case challenging aged pension discrimination for Aboriginal and Torres Strait Islander people - which is headed for Full Federal Court later this year. The interview highlights the need for fair and equal access to benefits for Aboriginal people who commonly do not reach pension age by virtue of lower life expectancy. Until this life expectancy gap is properly addressed, Aboriginal people must have the right to retire with dignity. Listen to Doin' Time on 3CR on Mondays from 4-5PM.// Ronny Kareni, Canberra-based West Papuan activist, musician and a youth worker, joins us to provide a West Papuan analysis of prime minister Anthony Albanese's meeting with Indonesian president Joko Widodo earlier this week, and the impact of Australia-Indonesia relations on West Papuans. Ronny is a visiting fellow for the West Papua Project at the University of Wollongong and the Pacific Mission for United Liberation Movement for West Papua. You can listen to The Voice of West Papua on 3CR, Tuesdays from 6:30-7:30PM.// Mary Mallett is the CEO of the Disability Advocacy Network Australia (DANA) - the national representative body for a network of advocacy organisations in Australia - that aims to strengthen and support disability advocacy organisations. They join us today to speak about advocacy, how to build strong networks and current projects at DANA.// Dr James Lesh, urban historian and Lecturer in Cultural Heritage and Museum Studies, speaks with us today about heritage policy and climate change adaptation. James' research explores the theory and practice of heritage conservation in the twentieth and twenty-first centuries. He's had appointments at the Universities of Melbourne and Sydney and King's College London, and his latest book Values in Cities: Urban Heritage in Twentieth-Century Australia offers an overview of the Australian heritage movement.// Songs// Better Things - Kee'ahn//Fuschia - Ngaiire//

SBS NITV Radio
NITV Radio - News 30/05/2022

SBS NITV Radio

Play Episode Listen Later May 30, 2022 10:34


A Sydney Harbour island is being returned to Traditional Owners - A case by First Nations' Australians against the Federal Government to seek fair and equal access to the Age Pension is returning to court and Nate Jawai played for his new team, Darwin Salties, for the first time yesterday

FirstTech Podcast
Centrelink assessment when a member of a couple dies

FirstTech Podcast

Play Episode Listen Later May 4, 2022 15:11


In this podcast we discuss the impact on the surviving partner's Age Pension when a member of a couple dies. See acast.com/privacy for privacy and opt-out information.

Mind Your Own Retirement
Working and the Age Pension

Mind Your Own Retirement

Play Episode Listen Later Mar 10, 2022 17:52


The Age Pension income test punishes older Australians who need or want to work, says Ian Henschke, chief advocate for National Seniors Australia and spokesperson for The Alliance for a Fairer Retirement System. Today, he shares work-related statistics for over-65s, explains the rules relating to income and the Age Pension and says there's a better way. National Seniors is lobbying the government for change and wants your support.

australian alliance age pension national seniors australia ian henschke
Mind Your Own Retirement
Leon Della Bosca on the Age Pension

Mind Your Own Retirement

Play Episode Listen Later Oct 14, 2021 16:27


Leon Della Bosca on the Age Pension by YourLifeChoices

SBS Bangla - এসবিএস বাংলা
পেনশনারদের আয় বাড়ছে, তবে তা যথেষ্ট নয়

SBS Bangla - এসবিএস বাংলা

Play Episode Listen Later Sep 28, 2021 5:31


অস্ট্রেলিয়ার এজড পেনশনারদের ভাতা বিগত সাত বছরের মধ্যে তাদের সর্বোচ্চ পরিমাণে বাড়তে যাচ্ছে। কিন্তু, পেনশনাররা বলছেন, বৃদ্ধি পেতে যাওয়া অর্থের পরিমাণ যথেষ্ট নয়। প্রতি পক্ষকালে বাড়ানো হচ্ছে ১৪.৮০ ডলার করে। অর্থাৎ, দিন প্রতি বাড়ছে এক ডলারের সামান্য কিছু বেশি অর্থ। অস্ট্রেলিয়ার ২.৬ মিলিয়ন পেনশনারের মধ্যে অনেকেই আজকাল তাদের দৈনন্দিন খরচ মেটাতে হিমশিম খাচ্ছেন।

economy age pension naca feature national seniors australia
SBS Indonesian - SBS Bahasa Indonesia
Australian pensioners to receive an increase in income of one dollar per day - Pensiunan Australia menerima peningkatan pendapatan satu dolar per hari

SBS Indonesian - SBS Bahasa Indonesia

Play Episode Listen Later Sep 27, 2021 6:33


Australia's aged pensioners are about to get their biggest income boost in seven years. - Pensiunan Manula Australia akan mendapatkan peningkatan pendapatan terbesar mereka dalam tujuh tahun.

Doin Time
Human rights of first Nations people and Asylum Seekers

Doin Time

Play Episode Listen Later Sep 27, 2021


Marisa spoke withChris Breen is an activist in the teachers' union, Aeu Sub Branch President at his school, and a member of the Left-wing Group solidarity. He also spoke about Union members' concerns about Mandatory vaccinations in his school. Analysis of the recent Protests was also discussed, as a result of the Pandemic!Marisa then interviewedLee -anne Carter victorian Aboriginal legal service Statewide Community Justice Programs Leader,Wiradjuri and Noongar woman about theLegal challenge launched to secure fair access to the Age Pension for Aboriginal and Torres Strait Islander people.Finally, Marisa spoke with Simone Cameron about thethree members of the Biloela family who were granted a 12-month visa extension. The youngest daughter Tharnicaa was not granted a visa, so the interview focused on human rights violations for this family, and the cruelty that has been shown by the Morison Government, as the family is stuck in Perth.

SBS Bosnian - SBS na bosanskom jeziku
Najveće povećanje starosne penzije u poslednjih 7 godina ne iznosi mnogo

SBS Bosnian - SBS na bosanskom jeziku

Play Episode Listen Later Sep 26, 2021 6:45


Povećanje penzije za dolar dnevno neće donijeti olakšanje penzionerima, koji se ionako bore da pokriju račune i rastuće životne troškove.

SBS Maltese - SBS bil-Malti
Biggest boost to age pension in years doesn't amount to much - Żjieda fil-pensjoni tal-età, ftit li xejn se tgħin lill-pensjonanti

SBS Maltese - SBS bil-Malti

Play Episode Listen Later Sep 26, 2021 5:03


Australia's aged pensioners are about to get their biggest income boost in seven years. But pensioners say it doesn't amount to much - the increase of an extra $14.80 a fortnight works out to just over one dollar extra a day, leaving many of Australia's 2.6 million aged pensioners struggling to pay their bills. - Dawk fuq il-pensjoni tal-età fl-Awstralja se jieħdu l-akbar żjieda f'seba' snin. Imma l-pensjonanti jgħidu li dan ftit se jkollu effett biex ilaħħqu mal-ispejjeż tagħhom fil-ħajja ta' kuljum.

SBS Japanese - SBSの日本語放送
Biggest boost to age pension in years doesn't amount to much - 老齢ペンション、7年間で最大の増額とはいえ1日当たりではたった1ドル

SBS Japanese - SBSの日本語放送

Play Episode Listen Later Sep 22, 2021 6:17


Australia's aged pensioners are about to get their biggest income boost in seven years. But pensioners say it doesn't amount to much - the increase of an extra $14.80 a fortnight works out to just over one dollar extra a day, leaving many of Australia's 2.6 million aged pensioners struggling to pay their bills. - オーストラリアの老齢年金、ペンションの受給者は、まもなくこの7年間で最大の收入の増額を受けます。しかし、ペンションの受給者たちは「2週間当たり14ドル80セントの増額は1日当たりにするとたった1ドルちょっとになり、あまり意味がない」と述べており、オーストラリアの老齢ペンションの受給者260万人の多くは生活費の支払いに苦しむままとなります。

SBS Armenian - SBS Հայերէն
Australian age pension increase - Աւստրալիական տարիքի թոշակի յաւելում

SBS Armenian - SBS Հայերէն

Play Episode Listen Later Sep 22, 2021 5:06


Australia's aged pensioners are about to get their biggest income boost in seven years. But pensioners say it doesn't amount to much - the increase of an extra $14.80 a fortnight works out to just over one dollar extra a day, leaving many of Australia's 2.6 million aged pensioners struggling to pay their bills. - Աւստրալիոյ տարիքի թոշակառուները անցած եօթը տարիներու ամենամեծ եկամուտի յաւելումը պիտի ստանան:

SBS Serbian - СБС на српском
Пензије веће за долар дневно неће ублажити финансијске потешкоће

SBS Serbian - СБС на српском

Play Episode Listen Later Sep 21, 2021 6:36


Преко пет милиона корисника услуга Центрелинка, међу којима је 2,6 милиона прималаца државне пензије, од ове недеље ће добити повећање исплата. Пензионери који су самци од сада ће добијати 14,80 долара више на двонедељном нивоу, а паровима следује повећање од 22,40 долара укупно. Пензионери и економисти се слажу да повећање није довољно, нарочито имајући у виду стални раст животних трошкова.

SBS Vietnamese - SBS Việt ngữ
Tiền hưu tăng lớn nhưng vẫn không thấm vào đâu

SBS Vietnamese - SBS Việt ngữ

Play Episode Listen Later Sep 21, 2021 5:16


Người về hưu ở Úc sẽ được tăng thu nhập lên đến 14.8 đô la mỗi hai tuần, được xem là mức tăng lớn. Nhưng những người hưu trí nói rằng tính ra chỉ hơn một đô la mỗi ngày trong khi nhiều người trong số 2,6 triệu người về hưu ở Úc phải vật lộn để trả các hóa đơn của họ.

SBS Gujarati - SBS ગુજરાતી
SBS Gujarati News Bulletin 20 September 2021 - ૨૦ સપ્ટેમ્બર ૨૦૨૧ના મુખ્ય સમાચાર

SBS Gujarati - SBS ગુજરાતી

Play Episode Listen Later Sep 20, 2021 6:08


Listen to the latest Australian news from SBS Gujarati. - SBS Gujarati પર સાંભળો ઓસ્ટ્રેલિયાના તાજા અને મહત્વના સમાચાર.

SBS World News Radio
Biggest boost to age pension in years 'doesn't amount to much'

SBS World News Radio

Play Episode Listen Later Sep 20, 2021 4:22


Pensioners say the increase is just over one dollar extra a day, leaving many of Australia's 2.6 million aged pensioners struggling to pay their bills.

Consider This Northumberland
Old age pension, healthcare, protecting the vulnerable are key issues for local voters

Consider This Northumberland

Play Episode Listen Later Sep 18, 2021 35:20


The show: The full interview with bonus material: Marc Cowin, a reporter at Northumberland 89.7 FM, will share a special in-depth project he has worked on over the past few weeks. He went out into the field to speak with Northumberland County voters about the issues and concerns they want candidates to address. I think […] The post Old age pension, healthcare, protecting the vulnerable are key issues for local voters appeared first on Consider This. Related posts: SPECIAL EDITION: Local Chief Returning Officer on what to expect at polls on voting day Green Party candidate chats about party chaos, universal basic income and her deep roots in the community It's no mystery where Northumberland County taxes go, just read the 2020 annual report

SBS Serbian - СБС на српском
Србија: Расправа о промени формуле за усклађивање пензија

SBS Serbian - СБС на српском

Play Episode Listen Later Sep 9, 2021 7:34


Пензионере у Србији овог месеца очекује помоћ од 50 евра, а од јануара наредне године и ново повећање пензија. Колико ће оно износити и да ли се заиста спрема промена швајцарског модела повећавања пензија, враћеног јануара 2020., сазнајемо од Мије Николић.

FirstTech Podcast
Age Pension age and preservation age is increasing

FirstTech Podcast

Play Episode Listen Later Aug 3, 2021 23:08


In this podcast we discuss the implications of age pension age increasing to 66.5 from 1 July 2021, and preservation age increasing from 58 to 59. See acast.com/privacy for privacy and opt-out information.

The SUWA Show - Squatters and Unwaged Workers Airwaves
UWFB: Kill Superannuation Stone Cold Dead

The SUWA Show - Squatters and Unwaged Workers Airwaves

Play Episode Listen Later Jul 23, 2021


Following the lead of Queensland LNP Senator Gerard Rennick, Anne & Kev poke around in the stinking rotten carcass of superannuation. They chase away the flies with some fresh economic thinking from heterodox economist and past senate candidate Dr. Cameron Murray.The federal government is well aware that half all Australians think the Age Pension wont be there when they retire. But has the government swallowed their own propaganda about retirement incomes and superannuation?Show NotesFind more of Dr. Cameron Murray's work atFresh Economic Thinkinghttps://www.fresheconomicthinking.comDr. Cameron Murray's book, Game of Mates, is on the reading list for a two-day seminar in MelbourneRethinking Capitalismhttps://sustainable-prosperity.net.au/summer-school/Dr. Steven Hail, articlePrivate super: Paul Keating's innocent fraudhttps://independentaustralia.net/politics/politics-display/private-super-paul-keatings-innocent-fraud,10086Recent article detailing tax concessionshttps://www.abc.net.au/news/2021-07-19/wealthy-australians-exploiting-superannuation-tax-loophole/100303336"somewhere out there, at least one individual, couple or family has managed to squirrel away more than half a billion dollars for their retirement"Credits16 June 2021LNP Senator Gerard Rennick, Qldsuperannuation speechhttps://parlview.aph.gov.au/mediaPlayer.php?videoID=54552522:35:13Wild West by ZitronSound http://bit.ly/2nXGy9WPromoted by MrSnooze https://youtu.be/wTm-WFM0v-gCreative Commons — CC BY-ND 3.0 https://goo.gl/QHshNaMoonshine Town by JR TundraCreative Commons — Attribution 3.0 Unported— CC BY 3.0https://creativecommons.org/licenses/...Music provided by FreeMusic109 https://youtube.com/FreeMusic109Theme music:St. Germain by Alice IvyOne in Ten by UB40 

Money Over 50
173 Living on the Age Pension is better than being a king 500 years ago

Money Over 50

Play Episode Listen Later Jun 9, 2021 10:41


As a person living in our current age, it is pretty easy to fall into the trap of constantly worrying about money. However, when you have a really good think about what's available to us now (modern medicine, air-conditioning, surplus of food, machines that drive us between locations, etc.), you can see that life is actually pretty good. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

Money Over 50
173 Living on the Age Pension is better than being a king 500 years ago

Money Over 50

Play Episode Listen Later Jun 9, 2021 10:41


As a person living in our current age, it is pretty easy to fall into the trap of constantly worrying about money. However, when you have a really good think about what's available to us now (modern medicine, air-conditioning, surplus of food, machines that drive us between locations, etc.), you can see that life is actually pretty good. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

Life Admin Life Hacks
048: Navigating government benefits

Life Admin Life Hacks

Play Episode Listen Later May 19, 2021 19:09


  This episode will give you Mia and Dinah’s top hacks for navigating Australia’s government payments and allowances. There are over 26 different payments and benefits available from Centrelink. Mia and Dinah talk about the 8 broad categories of payments available: families with children age pensions disability support carer support study-related support unemployment support crisis and special benefits concession cards and bonus payments. They discuss the best place to start to assess if you are available for any payments or  benefits is the Centrelink Payment and Service Finder. This service available on the Centrelink website allows you to enter your details and then suggests what payments you should investigate. It also suggests other supports such as help lines, community groups, advocacy networks and associations that may be relevant to your situation. In particular other services which you may be eligible which are relevant to life admin include: Financial counselling  Department of Human Services Financial Information Service Legal aid Microfinance small loans Mia and Dinah talk about some of the payments you may be eligible for including: Family Tax Benefit Part A and Part B - tax benefit for single parents or couples with children based on your income level and number of children Paid Parental Pay - pay to help parents spend time at home with a newborn or recently adopted child Child Care Subsidy - assists families with the cost of approved child care  Carer Payment - supplement paid to someone who provides daily care and attention at home to a person with a disability or medical condition  Austudy - payment for those 25+ returning to university to do a degree Jobseeker - financial help if you're between 22 and Age Pension age and looking for work  Mia and Dinah talk about some of their top hacks for navigation the system including: if you know your circumstances are going to change, plan ahead to assess what you need to do to be eligible for relevant payments or services if you need to call the Centrelink call centre don’t call on Monday - the best times are usually Wednesday and Thursday in the morning if you have a complicated situation do your research, collect all your documentation and then make an appointment to see a Centrelink representative keep all your records accessible in your life admin system to make ongoing management of the payment easier. RESOURCES Services Australia  - Guide to Government Payments Centrelink - Payment and Service Finder ATO - Government payments, pensions and allowances that must be declared on your tax return SHARE Please head to e Life Admin Life Hacks Facebook or Insta pages to connect with listeners and share your thoughts, questions or suggestions.

SBS Serbian - СБС на српском
Велики корак ка реализацији Споразума о социјалном осигурању између Аустралије и Србије

SBS Serbian - СБС на српском

Play Episode Listen Later May 17, 2021 9:54


Савезна влада је у новом буџету определила 18,8 милиона долара за завршетак преговора и почетак билатералног споразума на основу којег ће бити могуће спајање радног стажа. Сви који су радили и у Србији и Аустралији, ускоро ће моћи да обједине године стажа у циљу стицања права на старосну и инвалидску пензију. О реализацији Споразума разговарали смо с Иваном Исидоровић, отправницом послова Амбасаде Републике Србије у Канбери.

The Money Men
Fortnight in Review, Cryptocurrencies, Investment Seminars (be careful). Age Pension, how much is it, and can I have a comfortable retirement on it. COVID Super Payments, what did people spend their money on.

The Money Men

Play Episode Listen Later Apr 23, 2021 47:55


Fortnight in Review, Cryptocurrencies, Investment Seminars (be careful). Age Pension, how much is it, and can I have a comfortable retirement on it. COVID Super Payments, what did people spend their money on. https://www.superguide.com.au/retirement-planning/how-much-cost-live-in-retirement https://moneysmart.gov.au/investment-warnings/cryptocurrencies-and-icos https://moneysmart.gov.au/investment-warnings/investment-seminars

Afternoons with Simon Beaumont
Jason Featherby and maximising your age pension

Afternoons with Simon Beaumont

Play Episode Listen Later Dec 2, 2020 22:10


See omnystudio.com/listener for privacy information.

SBS Mandarin - SBS 普通话电台
出国定居仍可领取全额澳洲养老金?满足这个条件是关键!

SBS Mandarin - SBS 普通话电台

Play Episode Listen Later Nov 26, 2020 3:38


我是一名澳大利亚养老金(age pension)领取者,如果短期出国旅游或长期在海外定居,我的养老金会受到影响吗?

SBS Turkish - SBS Türkçe
Türkiye'den gelir bilgileri 31 Aralık tarihine kadar Avustralya'ya bildirilecek

SBS Turkish - SBS Türkçe

Play Episode Listen Later Nov 9, 2020 21:16


Türkiye dışında yaşayan vatandaşların Türkiye’deki gelirlerinin yaşadıkları ülkelerin yetkilileri ile otomatik olarak paylaşılması konusundaki sorularımızı, yurtdışında yaşayan vatandaşların hukuki işleri ve takibini yürüten Yurtdışı Türkler ve Akraba Topluluklar Başkanlığı Hukuk ve İnsan Hakları Koordinatörü Fatih Nişancı yanıtladı.Gelir İdaresi Başkanlığı’nın bu konuda hazırladığı rehber için buraya tıklayın (PDF).

Retirementrevised.com
How to address the immense racial gap in retirement wealth

Retirementrevised.com

Play Episode Listen Later Sep 16, 2020 34:20


This week, the podcast revisits a topic I wrote about for The New York Times last month - race and retirement. I’ve written before about how the inequities people of color experience during their working lives spill over into retirement. But during this time of racial reckoning, I wanted to take a deeper dive into the topic.For the Times story, I took special care to seek out the voices of Black Americans who also are expert on this topic. That’s how I found my way to economist Darrick Hamilton. Professor Hamilton is one of the nation’s leading voices on the causes and consequences of racial and ethnic economic disparities. He recently left Ohio State University to rejoin The New School in New York City, where he is teaching and starting up a new Institute for the Study of Race, Stratification and Political Economy.Darrick is a leading proponent of one of the most creative ideas for addressing the racial wealth gap - “baby bonds.” The idea is to provide every American child with a government-funded trust account at birth, starting with a $1,000 contribution. Kids born into lower-wealth families would receive more contributions over time, and the accounts would benefit from compound interest growth. The premise is that much of the wealth in the U.S. is transferred from generation to generation, and there’s a powerful compound effect that starts with our legacy of racist laws and policies and ends with today’s white households able to access far more capital for wealth-building activities - attending college, buying a home or starting a business. Baby bonds could serve as a proactive remedy for that injustice, and in many cases could impact the wealth available at retirement for people of color. In the Times story, I outline the basic numbers on race and retirement. They may not be surprising, but they certainly are appalling. In 2016, the typical Black household approaching retirement had 46 percent of the retirement wealth of the typical white household. For a Latino family, it was 49 percent. Two-thirds of single black retirees have incomes too low to meet basic living expenses. And that was before the pandemic. Since COVID19 struck, unemployment rates for older Black and Latino workers have been much higher than for their white counterparts. And mounting evidence suggestions that millions are being forced into premature retirement. That’s going to translate into sharp cuts in Social Security income and savings, and expensive disruptions in health insurance.The baby bonds concept has caught on in the Democratic party - Senator Cory Booker advocated for it during his presidential campaign and he has sponsored baby bond legislation in the Senate. The idea also has found its way into the Biden presidential campaign.Listen to my conversation with Darrick Hamilton by clicking on the player icon at the top of the newsletter. The podcast also can be found on Apple Podcasts, Spotify and Stitcher.Not a subscriber yet? Take advantage of a special offerSign up now for the free or subscriber edition of the newsletter, and I’ll email a copy of my latest retirement guide to you. This one looks at dealing with the Social Security Administration during the COVID19 crisis. Customer service at the Social Security Administration has changed during the coronavirus crisis - the agency closed its network of more than 1,200 field offices to the public in March. Just a reminder- subscribers, have access to the entire series of guides at any time. Click on the little green button to subscribe, or go here to learn more.Will FICA revenue deferral open the door to privatization of Social Security? Here’s how it could play outI've been writing over the summer about the threat posed to Social Security by President Trump’s threat to continue deferring FICA tax collections should he win reelection. This has been a chaotic episode, with shifting indications from the White House on how a FICA revenue gap might be plugged. And most employers seem to be ignoring the deferral altogether as not worth the bother, and are continuing to collect FICA. Even the U.S. Chamber of Commerce - a staunch Trump ally - has expressed disapproval. Trump signed a presidential memorandum in August ordering the deferral through year-end of FICA revenue, and he also said that he would push for termination altogether of the tax if he wins a second term. It’s not at all clear that he could push this through Congress, but some experts think that the IRS code might permit him to defer FICA collections for an additional year.If we do stop funding Social Security through FICA, just about anything can happen. The concept of an earned benefit can go out the window pretty quick, and people will start thinking of Social Security as welfare. In the political back and forth over FICA, the Trump administration has stated that any deferred FICA revenue would be replaced by general revenue funds. But that suggests a transfer of more than $1 trillion annually - a tall order for a Congress already grappling with the demands of economic support for a flagging economy. It also would mark a turning point in Social Security’s funding structure. The program has always been funded mainly by FICA (it also receives relatively small amounts of revenue from taxes on benefits and interest on trust fund bonds.). Self-funding has been one of the program’s political strengths, as it gives workers and beneficiaries a sense of ownership - as per this oft-quoted 1941 quip from President Franklin Roosevelt:“We put those payroll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions and their unemployment benefits. With those taxes in there, no damn politician can ever scrap my social security program. Those taxes aren’t a matter of economics, they’re straight politics.”Some Republicans have not given up on the dream of converting Social Security into a system of personal saving accounts - an anchoring idea of the reforms proposed by President George W. Bush. The plan was a political and policy flop, but some on the right continue to push it, including the Heritage Foundation.If you doubt this, check out this recent op-ed on FICA by Andrew Biggs of the American Enterprise Institute (emphasis added at the conclusion of this passage):. . . President Trump made clear in an Aug. 12 news conference that his real goal is to replace the Social Security payroll tax with revenues drawn from the general tax fund, the vast majority of which is income taxes. This idea faces both practical and philosophical hurdles, but could help the political parties finally come together to fix Social Security. The first problem with funding Social Security via income taxes is obvious: the federal budget is already in deficit, which means there isn’t room to fund Social Security with general revenues without significantly cutting other programs or raising income taxes. And that tax increase wouldn’t be tiny. In 2019, the federal government collected about $1.7 trillion in individual income taxes, versus nearly $1 trillion in Social Security payroll taxes. Even if the President’s plan would replace only the employees’ 6.2% payroll tax, that would mean about an additional $500 billion in general tax revenues needed. Moreover, funding Social Security with income taxes is also contrary to the program’s history, in which benefit were funded with a flatrate tax that applied to all earnings up to a maximum, which is currently $137,700 per year. The payroll tax contributed to the view that Social Security is an “earned benefit” rather than a welfare plan.But most Democrats have already given up on the idea of truly earned benefits, since their Social Security proposals focus on lifting the payroll tax cap and making the rich carry more of the load.Income-tax financing would simply take that idea in a more progressive direction. While about 15% of earnings accrue to employees with salaries above the $137,700 payroll tax ceiling, almost half of total income taxes are paid by households with incomes above that level. More than one-third of income taxes are paid by the top 1% alone.But what is in it for Republicans? The answer is that an income-tax-financed safety retirement net need not be nearly as expensive as the current Social Security program. For instance, Australia’s Age Pension costs around one-fifth of what Social Security does, because it merely supplements households’ own savings to ensure a minimum standard of living in retirement. Canada and New Zealand also use income tax-financed programs to provide a strong base of retirement income.For this idea to work, though, the U.S. would need to follow Australia’s lead by signing up every worker for a retirement savings account with automatic contributions. Those contributions could be funded using the payroll taxes that no longer would be needed to fund Social Security. Biggs was a deputy commissioner of Social Security during the Bush administration and he was involved in the aforementioned failed effort to convert Social Security into a system of private savings accounts. He hasn’t talked much about privatization in recent years - until now, that is:Once transitioned into place — which admittedly would take years — the result would be higher private savings, particularly for lower-income households, which reduces wealth inequality and boosts the economy. And while income taxes would be higher, total government spending on Social Security would be lower.To be clear, this is my plan, not President Trump’s. But for income tax-funding of Social Security to work, for it to overcome 30 years of Congressional inaction on Social Security, it needs to think creatively and offer something to both sides. Because the traditional menu of reforms — payroll tax rate increases, higher retirement ages, lower cost-of-living adjustments and so forth — haven’t motivated Congress to action. Joe Biden has been hammering Trump on the FICA issue in television ads running in swing states. We are living in a very weird world, indeed, when the chief actuary of Social Security is quoted in a political ad. This is a public episode. Get access to private episodes at retirementrevised.substack.com/subscribe

SBS Greek - SBS Ελληνικά
Qantas boss Alan Joyce says international travel is unlikely from Australia before July next year - QANTAS: πτήσεις εξωτερικού μετά τον Ιούλιο του 2021 καθώς η εταιρεία καταγράφει την χειρότερη ζημία σε έναν αιώνα

SBS Greek - SBS Ελληνικά

Play Episode Listen Later Aug 20, 2020 0:24


Australia's largest airline has suffered a $4 billion hit in revenue from the coronavirus pandemic. - Πτώση-ρεκόρ 1,96 δις στα κέρδη της ανακοίνωσε η αεροπορική εταιρεία Qantas ενώ ο εκτελεστικός διευθυντής της εταιρείας δήλωσε ότι οι πτήσεις εξωτερικού δεν αναμένεται να ξεκινήσουν πριν τον Ιούλιο του 2021.

Finance & Fury Podcast
Are these shutdowns their own form of virus to the economy, in a world where we are the economy?

Finance & Fury Podcast

Play Episode Listen Later Apr 9, 2020 20:25


Hi Everyone – Welcome to Finance and Fury, the Furious Friday edition. The whole point of this episode is to remind people of the original purpose of the Furious Friday episodes of this podcast – that is to think for yourselves – For those of you newer to the podcast – there are three episodes a week – Monday is personal finance – Wednesday is answering questions – Friday is more of a commentary on what is going on – a deeper dive observing the political, socioeconomic, and many other topics – as this all related to economics     Recently received many comments or reviews saying to stick to my lane and to not cover corona as millions would die - instead do economics or investment topics – I was – and still am – Government measures globally to combat this invisible enemy (as politicians refer to it as) are affecting the economy – so in an effort to understand if these actions are justified, I was looking into what is going on – If something is crashing the economy – then that is exactly what I am going to cover – whether it be a natural disaster, climate change rhetoric, or a virus – as there are political policies proposed in response to each which has an economic effect That is what this new Furious Friday series is about –the government responses to a virus – and to look at the justifications for their policies which are economy crashing – so we will be looking at this further and the incentives that are in play – as the very foundations of economics are incentives – based around the economic problem – So this series is dedicated to those telling me to stick to economics – as this is exactly what I am doing – if you can’t understand that then this may not be the podcast for you and there are plenty of other podcasts you can go and listen to – or the Project needs listeners We're all on the same team – and I want the best for every one of you – as I actually do care about people – hence why I have my purpose - do my job and also do this podcast– I want the best for people – why I warn about the authoritarian issues we are blindly walking towards In the next few Furious Friday episodes – will be looking into this topic – doing a deep dive – but don’t just trust what I say – that is no better than trusting the media – go and look for yourself – think for yourself – don’t just follow the mass consensus – helps to avoid the situation of a herd all running off a cliff – I will leave links on the show notes on the website for each episode – but research the numbers yourself – not on the news – ask yourself – are these numbers outside of the normal? Answer might surprise – but we will go through this further later in the episodes - In the past few weeks been called Alan Jones to Alex Jones – that is fine – actually made me laugh – but the truth is more important than any personal attacks I may face – I don’t really care about social shame and these people are responding in a manner of panic and emotion – and actually haven’t made a single good point – they just parrot the media and do personal attacks – and evidently emotion can be manipulated – just like fear – a powerful emotion Examples – Stop it – millions will die - don’t you care about people dying? Yes - I care about people dying unnecessarily as much as anybody else – but my motives are to be able to have an honest conversation about the measures being put into place And my reactions to the situation aren’t being driven by emotional manipulation from Governments or media – they are driven by thinking things through - in an effort to find the truth or logos of a situation So I want to get the poisonous accusation that has been already made out of the way – that anyone who criticises the shutdown of society doesn’t care about the old people dying, or even, wanting people to die, out of the way It is the same as if you oppose war – like I do – for example the Iraq war – anyone back then that opposed the war was targeted by saying that they must then support Saddam Hussein’s fascist regime and that they think he should be allowed to torture people – see how ridiculous this sounds? – is a binary way of thinking All it does is shut down serious conversations about the validity of an action - similar in the attempts to crush dissent on other politically hot topics like climate change – those that do this are acting like a dictator – shutting down any dissent if it breaks their narrative of the world – in a democracy – discussing issues is the only way to retain a democracy – otherwise you live in a fascist or dictatorship if you aren’t allowed to question your leaders actions When it comes to the current government actions – a lot of the publics thinking is binary – which is a completely false dichotomy – either it is a question of saving lives or a question of saving the economy - People who talk about the economy as if it’s just some kind of abstract machine of numbers and profits don’t understand the economy – the economy is all of us – our lives make up the economy as without us – there is no economy – but in addition – it is our livelihoods – so not just lives but individual’s ability to prosper that make up the economy as an aggregate We are how products are created, we are who buy those products – and unfortunately – with the way modern society has been structured is that we cannot function without the economy – for me, caring about the economy is caring about every life that exists within it – as without people – there is no economy Financial Markets are a subset of the economy – these days that is the speculative side But the overall economy is a function of our lives - nobody is buying, then nobody is selling, which means nobody is working, and if nobody is working, then there is no way for people to live in a society that is based on monetary exchanges, so how do we pay for our houses and our food then? Going deeper - How do we pay for the social services that Governments provide – like education systems or pay public doctors or build hospitals? – As yes, as tax payers we are funding these services If we have no economy to make our own way – then we become reliant on a Government - which is socialism – as everything then is nationalised and owned by the government – but without an economy to tax – socialism cannot exist as the taxation income required to fund government spending projects dries up – results on Governments relying of deficient spending (which is where we are at now with the emergency measures) – look around – read about any country that turns to massive deficit spending long term – hasn’t worked out for any country in history in the long term – starts to create a zombie economy or a modern day Venezuela - where people are eating their own domestic pets to survive This is why a conversation about these measures is important – otherwise we can blindly end up in a much worse position – Over the past few weeks – society as we know it and our personal freedoms have been shut down – and in return the economy has been put on hold – so for anyone out there still doubtful about the fact that we are the economy – the causal effect of our freedoms being removed to go to work or operate a business = and the economy shutting down should start to become evident – we are the economy – hence why governments of socialist nations that try to make themselves the economy fail so fantastically - As when civil liberties have been curtailed in the name of fighting against anything – even inequality – the economy and us always suffers But there has been hardly any scrutiny or opposition against these ever-stricter measures being unjustly forced upon us – people getting fines $10k for driving around – not even leaving their car We live in a country with ‘representative democracy’ where parliament determines what is good for us – just like a parent and their children – now - our most basic freedoms have been eroded – If we had any kind of leadership that was honest about looking after our best interest – there would have at least been a debate before implementing these measures - To me - this has demonstrated that we don’t really have a free or democratic society any longer – we have had no say in any of this – hence the representative nature of democracy – we get to choose who leads us but have no say in what they actually do Now - we are all virtually under house arrest and Government determined rituals all have to observed – even though you wouldn’t know about them unless you watch the media – does this not raise some alarm bells at the speed and the ease with which this is being enforced on us – when we aren’t sure what a reasonable excuse to leave the house looks like – I have done a lot of research on history – especially the authoritarian side to history – one key of control is to have laws that evolve and are subjective – creating mass confusion – where anything you do may be illegal – hence – the population freezes out of fear So this whole Furious Friday series will be to just talk for a moment about the extraordinary situation we find ourselves in - we have closed down virtually the whole of society and most of the economy, and in the process we have stored up immeasurable problems for the future – ignoring the factor of now losing the most fundamental rights of even leaving your home unless the Government deems it essential I am just seeking an answer – we are presented with a problem – and the way of solving it by those whose only job is to constantly seek more power is to shut down the country and strangle civil liberties Think for a second – Australia’s Government is starting to model their policies off one of the most despotic country in the world, the People’s Republic of China – even the WHO praised them for being the role model to follow – which raises alarm bells – an organisation like the UN wanting people to lose their individual sovereignty – this isn’t suspicious at all Are these measures justified – well what happens to a society which trashes its economy? I will tell you what happens. It is unable to afford proper health provision or to provide a social safety net – such as the Age Pension all of its standards decline, its food gets worse, its air quality gets worse, its housing gets worse, its water quality gets worse, and everybody gets sicker – Looking at the concept of Human Rights – These only exist when a country is in first world conditions – If we have no money left to provide for health care – health care can no longer be provided – what about welfare like the Age Pension? How much pension is provided in third world nations?   This series is in an effort to lay these facts out and to explain fully why I think the way I do about the events now playing out– be 3 episodes at minimum over the next few Fridays – as what I think comes from many many hours of research – probably say over the last month around 80 – 100 hours spending reading published studies and – not just reading and then parroting social media or other news pages –   In all of this – I want to find the truth to the question – is the cure worse than the disease? The real question is, is this serious enough to warrant putting most of our population into house imprisonment, wrecking our economy for an indefinite period, destroying businesses that honest and hardworking people have taken years to build up, saddling future generations with debt, depression, stress, heart attacks, suicides and unbelievable distress inflicted on millions of people who are not especially vulnerable, and will suffer only mild symptoms or none at all? The complete failure to debate it is astonishing to me – Science by consensus versus science by the scientific method The fact that people can’t even drive in their car – not even getting out – shows the hand – to me a lot of these measures seem illogical So we will be looking at the disease itself but also the measure being put into place – and their consequences   In the next few episodes, we will look deeper into the numbers – but a few factors – which should at least raise some questions – quick summary – we will go through each of these in a lot of detail in the next episode – leave sources in next episode to these The testing – what is the methodology of this? Is it qualitative or quantitative? Is there a gold standard to test against? how it is being done and the accuracy to false positives – estimates around 60-80% of false positives – similar to the number of those who show now symptoms – should raise some alarm bells – so if someone doesn’t show symptoms – are they sick given the degree of error rates The distinction between dying of corona virus – or dying with coronavirus – CDC advice on death certificates – ‘COVID should be reported on the death certificate where it is assumed to have caused or contributed to death’ “if the deceased had another chronic condition such as COPD that may have also contributed, these conditions can be reported in part 2 – but technically not the actual cause of death Even numbers in Italy – which is being used to ratchet up the fear – If you have no pre-morbidity – has a 0.9% chance of death – of those average age has been 78 – then - over 50% of deaths have been in those with 3+ pre-morbidity condition – i.e. have cancer, heart disease, etc.   This episode is just as a little introduction – but don’t worry – I will do a deeper dive into some anomalies which aren’t apparent unless you actually look and think about them in the next Furious Friday episode - Next Episode – looking at the numbers and methodology to see the validity of these responses -   Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/

The Money Men
DON'T PANIC, The Age Pension, Income Protection Insurance, SMSF property

The Money Men

Play Episode Listen Later Mar 4, 2020 42:33


Luke and Steve chat about the current share market volatility, age pension eligibility conditions, why income protection insurance is important, and the pros and cons of purchasing a property through a self managed super fund. www.themoneymen.com.au Mentioned podcast: https://www.abc.net.au/radionational/programs/themoney/property-one-stop-shops/11634714

FirstTech Podcast
Extending the age limit for genuine redundancy payments

FirstTech Podcast

Play Episode Listen Later Jan 27, 2020 15:05


In this podcast we discuss recently passed legislation that extends the eligible age to receive concessional tax treatment (ie. tax free amount based on service period) to qualifying Age Pension age for genuine redundancy and early retirement scheme payments. See acast.com/privacy for privacy and opt-out information.

MONEY TODAY - المال اليوم
أهم ما تحتاج معرفته عن التقاعد في أستراليا

MONEY TODAY - المال اليوم

Play Episode Listen Later Jan 14, 2020 10:52


تعرفوا الى الفرق بين صناديق التقاعد المعروفة بـ Superannuation funds و الراتب التقاعدي الحكومي المعروف بـ Age Pension

AudreyStories
Kanada Immigrasie 28. VERNIET geld in Kanada. Canada Pension Plan, Old Age Pension, EI, geld per kind.

AudreyStories

Play Episode Listen Later Jan 1, 2020 7:00


Kanada gee op 65 vir almal "old-age-pension" (tot $660 p/m) en dan ook Canada Pension van tot $1000 per maand. As jou werk jou afdank, of jy te siek word om te werk, skop jou EI in. Dis 'n versekering wat almal wat werk betaal per maand, sodat jy nie geldloos sal sukkel terwyl jy nie werk nie. Kanada betaal jou ook vir elke kind. Die maksimum is $533 per kind p/m vir kinders onder 6 en dan $450 per maand vir kinders tussen 6 en 17.Jy moet jouself opvoed oor al hierdie planne. Niemand gaan aan jou deur klop en die geld aflewer nie. Ek vertel hier oor hoe al hierdie verniet geld werk. Dis verskillend in elke provinsie. Jy moet dalk vir jou 'n boekhouer kry om jou daarmee te help, sodat jy nie enige verniet geld in Kanada mis nie.Support the show (https://www.patreon.com/AudreyStories)

FirstTech Podcast
Receiving Age Pension Overseas

FirstTech Podcast

Play Episode Listen Later Nov 5, 2019 10:58


In this podcast we discuss the Centrelink rules that apply when living overseas and receiving the age pension including proportional portability and the former resident rule. See acast.com/privacy for privacy and opt-out information.

Mind Your Own Retirement
Mind Your Own Retirement - Episode 17

Mind Your Own Retirement

Play Episode Listen Later Oct 18, 2019 36:08


More than two-thirds of YourLifeChoices members receive either a full or part Age Pension. Which means dealing with Centrelink. Which often means frustration. In today’s episode of Mind Your Own Retirement, Centrelink general manager Hank Jongen tells Kaye and Deeksie how customers can avoid frustrating phone wait times and visits. This is advice from the top that you must hear. Nicholas Morley is on a crusade to ease suffering through the use of medical cannabis oil. He explains the oil it can help and why it is not more widely available. Over-55s who suffer from arthritis, cancer, chronic pain and depression will learn much from this man on a mission. And Leon recounts his trip through Ontario, talking all things Toronto, and how he saw Niagara Falls from every possible angle, as well as sharing the place where you can find the real Canada.

SBS Lao - SBS ພາ​ສາ​ລາວ
ຣັຖບານລື້ມເບິ່ງເບັ້ຍບຳນານຕ່າງໆ : ເຮົາຈະປອດພັຍບໍ? - ຣັຖບານລື້ມເບິ່ງເບັ້ຍບຳນານຕ່າງໆ : ເຮົາຈະປ

SBS Lao - SBS ພາ​ສາ​ລາວ

Play Episode Listen Later Oct 16, 2019 6:17


ຣັຖບານອອສເຕຼເລັຍຈະລື້ມພິຈາຣະນາເບິ່ງໃໜ່ເບັ້ຍ "ເອຊ໌ ແພນຊັນ", ເງິນ "ສຸບເປີ ອານຸເອຊັນ" ທີ່ຈຳຕ້ອງເສັຍຄ່າ ແລະເງິນອອມໂດຍການສມັກໃຈ. ພັກ "ເລເບີອອສເຕຼເລັຍ" ຢ້ານກົວວ່ານັ້ນອາດເຮັດໃຫ້ມີການຕັດລາວຍໄດຂອງຄົນບຳນານ ແຕ່ກໍມີຜູ້ສ່ຽວຊານເຫັນວ່າຕ້ອງມີການກະທຳເຊັ່ນນັ້ນເພື່ອເຮັດໃຫ້ແນ່ວ່າຄົນໃນອອສເຕຼເລັຍທຸກໆຄົນຈະສາມາດໄປບຳນານຢ່າງອຸບອຸ່ນໄດ້... - ຣັຖບານອອສເຕຼເລັຍຈະລື້ມພິຈາຣະນາເບິ່ງໃໜ່ເບັ້ຍ "ເອຊ໌ ແພນຊັນ", ເງິນ "ສຸບເປີ ອານຸເອຊັນ" ທີ່ຈຳຕ້ອງເສັຍຄ່າ ແລະເງິນອອມໂດຍການສມັກໃຈ. ພັກ "ເລເບີອອສເຕຼເລັຍ" ຢ້ານກົວວ່ານັ້ນອາດເຮັດໃຫ້ມີການຕັດລາວຍໄດຂອງຄົນບຳນານ ແຕ່ກໍມີຜູ້ສ່ຽວຊານເຫັນວ່າຕ້ອງມີການກະທຳເຊັ່ນນັ້ນເພື່ອເຮັດໃຫ້ແນ່ວ່າຄົນໃນອອສເຕຼເລັຍທຸກໆຄົນຈະສາມາດໄປບຳນານຢ່າງອຸບອຸ່ນໄດ້...

SBS Karen - tJ;pfbHtJ;pf unD
Australia's retirement income system to be reviewed - tDp-whv,g uuG>fu'guhR w>ftd.fbSH;v>rl'g tw>f[JEkmf w>f&J.fw>fusJR

SBS Karen - tJ;pfbHtJ;pf unD

Play Episode Listen Later Oct 4, 2019 6:32


The federal government is to undertake a major review into the Age Pension, compulsory superannuation and voluntary savings.While the opposition Labor Party says it fears it could result in cuts to retirement incomes, Seniors advocates support the inquiry but say more needs to be done to ensure all Australians can retire comfortably. - b.fC;ySRo;eH.fySJRxD.f'D; td.fbSH;v>w>fzH;w>frRtl'goh.fwz.f rHRwkRyS>fwDR phymfuDmfe h.f tDp-whv,g uD>fp>zSd.fy'd.f urR0J'.fw>fuG>fu'guhR 'd.f'd.frk>frk>fe h.fvDR?

SBS Khmer - SBS ខ្មែរ
Australia's retirement income system to be reviewed - រដ្ឋាភិបាលអូស្រ្តាលីនឹងធ្វើការត្រួតពិនិត្យឡើងវិញលើប្រព័ន្ធប្រាក់ចំណូលពេលចូលនិវត្តន៍

SBS Khmer - SBS ខ្មែរ

Play Episode Listen Later Oct 2, 2019 6:50


The federal government is to undertake a major review into the Age Pension, compulsory superannuation and voluntary savings.While the opposition Labor Party says it fears it could result in cuts to retirement incomes, Seniors advocates support the inquiry but say more needs to be done to ensure all Australians can retire comfortably. - រដ្ឋា​ភិបាល​សហព័ន្ធ​នឹង​ធ្វើ​ការ​ត្រួតពិនិត្យ​ឡើង​វិញ​​លើ​ប្រាក់​ឧបត្ថម្ភ​មនុស្ស​ចាស់ កាតព្វកិច្ច​ក្នុង​ការ​បង់​ថ្លៃ​ប្រាក់​សោធន​និវត្ត​ និង​កា​រសន្សំ​ប្រាក់​ដោយ​ស្ម័គ្រចិត្ត។ ខណៈ​ដែល​គណបក្ស​ប្រឆាំង​លើ​ក​ឡើង​ថា​ខ្លួន​មាន​ការ​បារម្ភ​ថា​ការ​ត្រួត​ពិនិត្យ​ឡើង​វិញ​នេះ​នឹង​ធ្វើ​ឲ្យ​មាន​ការ​កាត់​បន្ថយ​លើ​ប្រាក់​សោធន​និវត្តន៍ ក្រុម​អ្នក​តស៊ូ​មតិ​សម្រាប់​មនុស្ស​ចាស់​គាំ​ទ្រ​លើ​សំណើរ​នេះ ប៉ុន្តែ​បាន​លើក​ឡើងថា​មាន​កិច្ច​ការ​ជា​ច្រើន​ទៀត​ដែល​ត្រូវ​ធ្វើ​ដើម្បី​ធានា​ថា​ពលរដ្ឋ​អូស្ត្រាលី គ្រប់​រូប​អាច​សម្រាក​ពេលចូល​និវត្តន៍​ប្រកប​ដោយ​ផាសុកភាព។

SBS Croatian - SBS na hrvatskom
Pokrenuta revizija australskog mirovinskog sustava - Pokrenuta revizija australskog mirovinskog sustava

SBS Croatian - SBS na hrvatskom

Play Episode Listen Later Oct 1, 2019 5:23


Savezna vlada provest će opsežnu analizu mirovnskog sustava u Australiji, starosne mirovine,te obveznih i dragovoljnih plaćanja u sustav mirovisnke štednje - superannuattion. U oporbenoj Laburističkoj stranci strahuju da bi analiza mogla dovesti do rezanja mirovina, no neki od zagovornika prava starijih osoba podupiru analizu i dodaju da treba više učiniti kako bi Australci mogli imati bezbrižne umirovljeničke dane. - Savezna vlada provest će opsežnu analizu mirovnskog sustava u Australiji, starosne mirovine,te obveznih i dragovoljnih plaćanja u sustav mirovinske štednje.U oporbenoj Laburističkoj stranci strahuju da bi analiza mogla dovesti do rezanja mirovina, no neki od zagovornika prava starijih osoba podupiru analizu i dodaju da treba više učiniti kako bi Australci mogli imati bezbrižne umirovljeničke dane.

SBS Tigrinya - ኤስ.ቢ.ኤስ ትግርኛ
RETIREMENT REVIEW RNF - ኣታዊታት ጥሮታ ይግምገም

SBS Tigrinya - ኤስ.ቢ.ኤስ ትግርኛ

Play Episode Listen Later Sep 30, 2019 4:48


RETIREMENT REVIEW RNF - ብዛዕባ ስርዓት ናይ ዕድመ ጥሮታ፡ ግዱድ ሱፐር ኣኑወሽንን ናይ ወለንታ ዉለላን ዝምልከት መንግስቲ ፈደራል ክኽልሶ መድብ ከምዘለዎ ተፈሊጡ።ሰልፊ ለበር ግና እዚ ስጉምቲ ንኣታዊታት ጥሮታ ዘጉድል ከይከውን ስግኣት ከምዘእዎ ገሊጹ። ብኻልእ ሸነኽ ተጣበቕቲ ዓበይቲ ነቲ ክለሳ ዝደገፍዎ እኳ እንተኾኑ፡ ኩሎም ኣውስትራሊያዊያን ኣስተርሕዮም ህይወት ጥሮታ ከሕልፉ ብዙሕ ነገር ክግበር ኣለዎ ይብሉ።

SBS Amharic - ኤስ.ቢ.ኤስ አማርኛ
መንግስት የጡረተኞ ክፍያ መመዘኛዎች ላይ ግምገማ ሊያደርግ ነው ፤ ግምገማው ከሶስት አስርት አመት በኋላ ለመጀመሪያ ጊዜ የተደረገ ነው። - መንግስት የጡረተኞ ክፍያ መመዘኛዎች ላይ ግምገማ ሊያደርግ ነው ፤ ግምገማው ከሶስት አስርት አመት በኋላ ለመጀመሪያ ጊዜ የተደረገ ነው።

SBS Amharic - ኤስ.ቢ.ኤስ አማርኛ

Play Episode Listen Later Sep 30, 2019 7:12


መንግስት የጡረተኞ ክፍያ መመዘኛዎች ላይ ግምገማ ሊያደርግ ነው ፤ ግምገማው ከሶስት አስርት አመት በኋላ ለመጀመሪያ ጊዜ የተደረገ ነው።በዚህም መስረት በግዴታ የሚደረግ የጡረታ ቁጠባ፤ በፈቃደኝነት የሚደረግ ቁጠባና የቤት ባለቤትነተን ከግምት ውስት የሚያስገባ ነው። - መንግስት የጡረተኞ ክፍያ መመዘኛዎች ላይ ግምገማ ሊያደርግ ነው ፤ ግምገማው ከሶስት አስርት አመት በኋላ ለመጀመሪያ ጊዜ የተደረገ ነው።በዚህም መስረት በግዴታ የሚደረግ የጡረታ ቁጠባ፤ በፈቃደኝነት የሚደረግ ቁጠባና የቤት ባለቤትነተን ከግምት ውስት የሚያስገባ ነው።

SBS Spanish - SBS en español
Revisión de ingresos de jubilados en Australia tiene que asegurar retiro con dignidad - Revisión de ingresos de jubilados en Australia tiene que asegurar retiro con dignidad

SBS Spanish - SBS en español

Play Episode Listen Later Sep 30, 2019 10:54


El analista de negocios hispano Charlie Ríos dijo que la anunciada revisión del sistema de ingresos de los jubilados en Australia debe hacerse sin un sesgo ideológico y asegurando un retiro con dignidad. - El analista de negocios hispano Charlie Ríos dijo que la anunciada revisión del sistema de ingresos de los jubilados en Australia debe hacerse sin un sesgo ideológico y asegurando un retiro con dignidad.

SBS Dari - اس بی اس دری
Australia's retirement income system to be reviewed - تجديد نظر بر نظام عايدات زمان تقاعد در آسترليا

SBS Dari - اس بی اس دری

Play Episode Listen Later Sep 30, 2019 7:33


The federal government is to undertake a major review into the Age Pension, compulsory superannuation and voluntary savings. Details can be heard here in Dari. - حكومت فدرالى در نظر دارد يك بررسى عمده را در مورد حقوق تقاعد سنى٬ تأديۀ اجبارى حقوق تقاعد يا سوپر انيويشن و پس انداز هاى داوطلبانه انجام دهد. تفصيلات را در اينجا شنيده ميتوانيد.

SBS Bangla - এসবিএস বাংলা
Australia's retirement income system to be reviewed - অস্ট্রেলিয়ার অবসরকালীন আয় ব্যবস্থার পর্যালোচনা করা হবে

SBS Bangla - এসবিএস বাংলা

Play Episode Listen Later Sep 30, 2019 4:36


The federal government is to undertake a major review into the Age Pension, compulsory superannuation and voluntary savings. While the opposition Labor Party says it fears it could result in cuts to retirement incomes, Seniors advocates support the inquiry but say more needs to be done to ensure all Australians can retire comfortably. - এজ পেনশন, বাধ্যতামূলক সুপারঅ্যানুয়েশন এবং ভলান্টারি সেভিংস নিয়ে বড় ধরনের পর্যালোচনা করতে যাচ্ছে ফেডারাল সরকার। বিরোধী দল লেবার পার্টি আশঙ্কা করছে, এর ফলে অবসরে যাওয়া লোকদের আয় কমে যাবে। এদিকে, বয়স্কদের সমর্থনকারীরা এটি সমর্থন করছে। তবে তারা বলছে, সকল অস্ট্রেলিয়ান যেন স্বস্তির সঙ্গে অবসরে যেতে পারে সেটা নিশ্চিত করার জন্য আরও বহু কিছু করতে হবে।

SBS Bosnian - SBS na bosanskom jeziku
Velika revizija uslova za sticanje starosne penzije

SBS Bosnian - SBS na bosanskom jeziku

Play Episode Listen Later Sep 29, 2019 7:53


Australska vlada je najavila preispitivanje ko i kada će imati pravo na starosnu penziju.Pod lupom i dodatna penziona izdvajanja kao i dobrovoljna štednja. Gdje će se postaviti starosna i imovinska granica za odlazak u penziju?

The Rob Tetrault Show
Old Age Security | Old Age Pension | Canada Pension Plan

The Rob Tetrault Show

Play Episode Listen Later Aug 3, 2019 7:49


Old Age Pension | Old Age Security | Canada Pension Plan  Canada Pension Plan  First, what is the Canadian Pension Plan (CPP)? It is a fund that exists and is managed by the Canadian government. Canadians contribute money to the fund with every single paycheck, which shows up as “CPP Contribution”. It's roughly 5% of your salary, up to a maximum of roughly 57-58 grand – however, these numbers may change annually. There's a lot of myths out there. People think that it's severely underfunded, while that is not actually the case. The most recent actuarial valuation put the dollars at about $400 billion, and the actuarial valuation said that it is good for at least 75 years. It's averaged about 11% return in the last while or so. The asset allocation has also dramatically changed. It used to be nothing but bonds back in the 70s and 80s. Over the past while there's been a dramatic shift, first to equities and stocks, and then the last 5 or 10 years there's been a dramatic shift to alternatives. Real estate infrastructure, private equity, and even private debt exist now. Stocks are about a third of the CPP, with traditional bonds accounting for around 10%. The rest is all that other fun stuff that is usually uncorrelated to the stock market. ⭐Full Video and Blog Article on Pension Transfer | Pension Withdrawal  Old Age Security  Old age security (OAS) is a dollar figure that you get when you hit 65. It's based on how many years you've been a resident of Canada regardless of whether you paid into it or not, unless you made too much money in which case the OAS will be clawed back. The claw back starts at around 80k, give or take, and goes up to about 120k. It works in a linear fashion, all the way to the point where you get $0 if you make about 120k. In other words, the more money you make, the more the OAS cheque will be clawed back. Deferring CPP/OAS  If you are deferring your CPP, you are choosing to let it go for a further period of time. You can start taking your CPP as early as age 60 and you can take it as late as age 70. Every month that you take it prior, and every month that you defer is effectively 0.6% more assets that you are getting for the rest of your life. From 60 to 65 that number is 0.6% and from 65 to 70 that number is 0.7%. Think of it this way - if you defer it five years, you know you're adding about 6% or 7% per year. You are adding about 30% to 35% to the amount that you will be collecting for the rest of your life. You can do the same with the OAS. You can defer the OAS up to age 70 – the key with the OAS is you want to make sure that if you reach the age of 65 and are in a situation of getting the OAS clawed back, you should unequivocally defer it because you're not getting it anyways. If you're deferring it, things might change in your life, to the point where you're making less money and are able to collect on that OAS. In the case of OAS, defer it if you are making 120k or more. However, when should you be deferring on the CPP? There are a couple of situations that can impact whether you should take it early or not. First, the most obvious one is if you are still working and you do not need the capital, you should absolutely not take the CPP because you will pay tax on that. You're likely in a relatively high tax bracket, so you don't get the full value of the CPP. Plus, you're not deferring it, so you will not get that 30% to 40% bonus that you get by deferring it. If you don't need the cash and are still working, do not take the CPP. There are a couple of considerations to be accounted for when deciding to take the CPP earlier. If there's any issue with your health that is impacting how long you think you might live, you should consider taking it early. If you're short on cash, and you cannot meet your cashflow on a month to month basis, you should consider taking the CPP. These situations are all very dependent on a good sound financial plan. Without having a strong financial plan, you have no clue whether you should take it or not. A financial plan looks at cashflow, tax situations, and the value of your estate. It looks at all your different taxable needs, a cashflow needs on a year to year basis and spits out a solution for you so that you know where you're taking your money. To make the proper CPP decision and OAS decision, you absolutely need to have a sound financial plan. ⭐ Full Video and Blog Article on How to Prepare a Sound Retirement & Estate Planning Strategy 

Tax Talks
121 | Age Pension

Tax Talks

Play Episode Listen Later Feb 28, 2019 31:16


Qualifying for the age pension is an arduous exercise. But it can be done. About 75% of Australians at pension age receive some form of age pension - be it a full or partial age pension.

Tax Talks
121 | Age Pension

Tax Talks

Play Episode Listen Later Feb 28, 2019 31:16


Qualifying for the age pension is an arduous exercise. But it can be done. About 75% of Australians at pension age receive some form of age pension - be it a full or partial age pension.

Money Mentors Podcast
#63 - Maximising Your Age Pension And Getting Back Franking Credits

Money Mentors Podcast

Play Episode Listen Later Feb 19, 2019 19:28


In this episode Nathan and Glenn chat about strategies that could increase your age pension entitlement and also look forward to opportunities to get back your imputation credits if Labor's proposal is introduced.

Financial Autonomy
Why your parent’s financial plan won’t work for you - Episode 80

Financial Autonomy

Play Episode Listen Later Feb 12, 2019 8:51


SUBSCRIBE TO OUR WEEKLY EMAIL “GAINING CHOICE” TO KEEP UP WITH ALL THINGS FINANCIAL AUTONOMY  If retirement is a decade or more away, it’s tempting to look at your parents and perhaps grandparents in retirement and figure, well, they seem to be getting along fine, I’ll just have what they’re having. But there’s two key factors that have underpinned your parents retirement, that will look vastly different in your retirement – the Age Pension, and a huge increase in wealth due to rising property prices.    

Finance & Fury Podcast
Could social security be the greatest Ponzi scheme ever?

Finance & Fury Podcast

Play Episode Listen Later Aug 3, 2018 18:16


Welcome to Finance and Fury, Furious Friday! I saw an ad this week for a movie called ’Wizard of Lies’ – Bernie Madoff movie – 2008. He was a stockbroker, investment adviser and financier who made headlines around the world when he was arrested for one of the largest accounts of financial fraud in U.S. history. What he was operating was known as a Ponzi Scheme (named after Charles Ponzi, who became notorious for using the technique in the 1920s)   For those who aren’t aware the definition of a Ponzi scheme is a form of fraud marketed as an investment – the usually have high, guaranteed returns – “too good to be true” Fraud - a thing intended to deceive others through wrongful or criminal deception intended to result in financial or personal gain. The success is reliant on new inflows from investors, as that is where returns come from. In other words: A Ponzi scheme is a system where the investor thinks their money is invested in something which is generating the returns, but are actually just used to pay other investors When the scheme runs out of new investors it then collapses – it’s doomed to fail The Ponzi scheme generates returns for older investors by acquiring new investors   Warning signs of a Ponzi scheme High investment returns with little or no risk. Be highly suspicious of any "guaranteed" investment opportunity Overly consistent returns. Investment values tend to go up and down over time, especially those offering potentially high returns. Be suspect of an investment that continues to generate regular, positive returns regardless of overall market conditions Unregistered investments. Ponzi schemes typically involve investments that have not been registered with regulators. Registration – this provides investors with access to information about the company's management, products, services, and finances. Unlicensed sellers. Federal and state securities laws require investment professionals and their firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms. Secretive and/or complex strategies. Avoiding investments that you do not understand, or for which you cannot get complete information, is a good rule of thumb. Difficulty receiving payments.   Ponzi scheme - People think they’re investing in something, but their money is actually being invested in nothing. This is why a Ponzi scheme is Fraud: Act of deceiving others for financial gain The only winner is the one who runs the scheme   Why have I been jabbering on about this? I was thinking that social security has a lot of similar characteristics  Is social security a Ponzi scheme? First – we need to look at social security Social security is ‘any government system that provides monetary assistance to people’ Social security is enshrined in Article 22 of the Universal Declaration of Human Rights (UDHR) – Adopted by UN General Assembly in 1948: Consists of 30 articles affirming individual's rights  It’s not legally binding but sets guidelines for countries to follow Expenditure includes a range of payments and services: Income support payments such as pensions and allowances (Age pension, Newstart, Veterans) Family Payments, paid parental leave, child care fee assistance Funding for aged care services and disability funding Put simply: Social Security is a transfer payment - transferring income from one person to another Transferred from: The younger working individuals (generation of workers) Transferred to: those who have ceased work - generation of retirees   How does this compare with a Ponzi scheme? Current Welfare Payments in Australia - $164bn p.a. now and looking to reach $191.8 billion in 2019–20. Income tax levied total is $390m, MTRs, payroll taxes, GST others Of this, $195bn is from individuals 84% of income tax paid goes to pay for social security The scheme – Payments (returns) are reliant on new money coming in.   Warning signs High investment returns with little or no risk -"guaranteed" opportunity For any return, some risk needs to be present The risk here: As long as taxpayers still are around it will be fine – 84% of income tax paid goes to paying Government benefits. Overly consistent returns – payments go up in large consistent annual growth Refer to previous – tax payer reliant – As long as the income tax increases over time, welfare can continue Unregistered and Unlicensed investments. No Regulation over the regulators - Registration is important because it provides investors with access to key information – how much do we get? There is nowhere near the level of reporting regulation imposed on CBA for example. That is, we have a good idea about the financials of CBA – We have a choice, so they need to be transparent…and it’s in their best interest to show off as well. When there is no competition or if you aren’t doing what you say, less transparency works best. Let’s use tax savings for example – When the government forecasts tax revenue based on policy changes, it is wishful thinking at best. Example – Make $10bn from franking credit removal – Assumes behaviours would stay the same. Would investors value dividends as much if they got rid of franking credits? If not, companies will change their dividend model and reinvest (high value to shareholders) – Like in the US where there are no Franking Credits Secretive and complex strategies Who pays attention to the bills being passed in parliament? More time is spent in the news on stories that sell Technically you don’t get a say either – we elect people to represent us – but no communication on policy Difficulty receiving payments – If you qualify you will get a payment, but… It won’t be the money you have put in, that has gone to someone else already. What you are getting is someone else’s contributions. The new money funding the returns of the older investors!   Warning signs add up, but technically not fraud There is the promise that when current workers retire, there will be another generation of workers behind them who will be the source of their Social Security retirement payments Can this last? Given its size, the welfare budget is often a target for savings measures, particularly in the face of budget deficits. Government website quote: “It will be difficult to achieve significant savings without looking at addressing spending in these areas, particularly the largest component: The Age Pension.” Risen from $100bn in 1998 to $164bn in 2017, $192bn in 2020 – which is an increase of about $10bn p.a. for the next 3 years “It is unsound” (Samuelson - Nobel Prize in economics) - Those who receive retirement benefits are actually receiving amounts that far exceed anything paid in by 5 to 10 times on average It relies on having new tax payers for the inflows to be sustainable Need to always have more youths than old folks in a growing population. Real income going up at 3% per year (compounding) then the taxable base on which benefits rest is always much greater than the taxes paid by those receiving the benefits, and there is no issue…just as long as the real income, population and tax base keeps on increasing   This may be a great Ponzi scheme ever… as long as the population (or tax base) continues to increase. But what happens when populations cease growing? Through history – People used to have a lot of kids, why? No mechanisms to save, which is how you prepare for retirement No Age Pension (Introduced in 1904 when average life expectancy was 63, age pension eligibility was 65) The funding mechanism was children – Better be good to them and have plenty to share the load Why else did people use to have 6 kids? Infant mortality used to be 50% for one. But they had their retirement funding covered. Why do we see high birth rates in nations that don’t have the same privileges we do in the west? Small Problem – Used to live shorter lives, and there used to be higher birth rates (future people to tax) 1960 – Birth Rate per woman 3.45 – Average life expectancy 70.82 (Baby Boomer Generation being born) 1978 – Birth rate dropped below 1.95 – Average life expectancy 73.67 2018 – Birth rate hasn’t gone above 2 – Currently 1.83 – Life expectancy 82.45 (longer for woman) Birth rate of 2 would mean we are staying the same (less than 2 the population is declining, more than 2 the population is increasing). That is, you need 2 new people to replace mum and dad. But a lot has changed – contraceptives for example, as well as the need to have children reduced due to having social security. Over the long term it’s uncertain that there is going to be enough of a population to tax at the appropriate level to fund required social security. As life expectancy goes up there are more people around that will rely on benefits. Don’t fear though – While there is uncertainty, you can remove this by having a plan in place Nothing is impossible – Some systems do collapse When a reliance on a system is introduced Rather than being reliant on the system, reduce any uncertainty by working out what you’ll need and when you’ll need it by What you can do: Invest for yourself – Super – Path of least resistance – Check a super fund calculator – Simple projection to see if you will have enough Personal investments – come up with a plan outside of super – Property/shares/managed funds Be self-sufficient in retirement, this removes the risk. When the success of payments is reliant on others, you have no control – Financial independence is the aim after all Being on the Age Pension isn’t fun – Centrelink want to know everything about you (updates) Get a plan and just start – Gaining back control   Thanks for listening!

Solidarity Breakfast
Power out of corporate hands II Demerit points for Social Security II Older Age Pension II #DisarmUnis

Solidarity Breakfast

Play Episode Listen Later Jul 13, 2018


Power out of corporate hands II Union project to reduce power bills and put the power back in the hands of workers.Demerit points for Social Security II Jeremy Poxons from Australian Unemployment Workers UnionOlder Age Pension II Roger Wilson from Fair Go for Pensioners #DisarmUnis  II William Ross talks to us about the decentralised, synchronized demonstrations for environment, Refugee, against Militarism of our Unis and in support of Aboriginal Sovereignty across Melbourne on July 11.

Thursday Finance
Age pension: assets test thresholds applicable from July 2018 - 5 July 2018

Thursday Finance

Play Episode Listen Later Jul 4, 2018 27:37


Steven Pritchard looks at the upper assets thresholds and the lower assets thresholds for the Age Pension assets test, with Mandy Barton, from Centrelink and brings us a market update with Henry Jennings, from Marcustoday financial newsletter.

Settlement Guide
How does superannuation work?

Settlement Guide

Play Episode Listen Later Jun 29, 2018 6:27


If you're hoping for a comfortable life when you retire, it’s important to learn more about your superannuation now.

Grattan Institute
Australian retirement incomes: do we have a problem? – Melbourne

Grattan Institute

Play Episode Listen Later May 14, 2018 77:44


Event podcast: At this Policy Pitch event, the panel looked at how current generations are faring in retirement, and what kind of retirement we can all expect in the future. They discussed the policy levers such as the Super Guarantee, superannuation draw-down rules, retirement ages, and the level and means testing of the Age Pension. And they explored the trade-offs that these involve for spending before retirement and for government budgets.

Finance Hour on J-Air
episode 34- Don't forsake me in my old age

Finance Hour on J-Air

Play Episode Listen Later May 8, 2018 46:34


Have you ever helped a love one move into an aged care facility? In the end, we are all going to face this situation and you will need to deal with the complex emotional and financial issues associated with this difficult transition. In this week’s episode I'm joined by by Sara Bell and Noel Carter of Next Direction, a firm that assist families in choosing aged care facilities and make informed decisions about the management of finances. They not only provide valuable advice, but are involved in making it all happen, whether it is financial negotiations with the aged care facilities, completing Centrelink forms or modelling cashflow requirements.  “It is important to have powers of attorney in place before you need them, to avoid the difficulty of going to VCAT.” – Sara Bell We encourage people to be prepared, take advice in advance, well before they need to go into the aged care facility” – Noel Carter “The importance of talking to your family about what you want for yourself. So when the time comes, they know what your preferences are” – Sara Bell Today on the Finance Hour Podcast: We explain the Refundable Accommodation Deposit (RAD) and different options for how it can be funded. The three types of ongoing fees associated with aged care accommodation. The important factors to be considered in deciding whether to keep or sell the family home. The complex Centrelink forms which need to be completed for all aged care residents (not only those receiving the Age Pension). Sara and Noel’s 3 top tips for planning a moved into aged care accommodation. In my rant of the week, I talk about an astounding phone call I had with TPG as I arranged internet services in my new offices. And don’t forget to listen all the way to the end for my “Propellerhead of the week” where I talk about superannuation contribution benefits for low income earners which are important to take advantage of well before June 30. To contact Sara Bell from Next Direction call 0439 952 311 Thanks for tuning in! Thanks for joining us on today’s episode of the The Finance Hour podcast! If you enjoyed today’s episode, please head over to iTunes and leave us a rate and review to help us reach even more listeners. Don’t forget to check out our website, visit us on Facebook, or hang out with us on Twitter to stay up-to-date on what’s in store for you!   See omnystudio.com/listener for privacy information.

Finance & Fury Podcast
How would Universal Basic Income work in Australia?

Finance & Fury Podcast

Play Episode Listen Later Apr 17, 2018 14:31


Let’s take a look at a recent Press Club speech from the Australian Greens leader, Dr Richard Di Natale, “With the radical way that the nature of work is changing, along with increasing inequality, our current social security system is outdated…A modern, flexible and responsive safety net would increase their resilience and enable them to make a greater contribution to our community and economy. That’s why we need a Universal Basic Income. We need a UBI that ensures everyone has access to an adequate level of income, as well as access to universal social services, health, education and housing. A UBI is a bold move towards equality... It’s about an increased role for government in our rapidly changing world.” You can find this Press Club speech on the Greens’ website https://greens.org.au/npc-2018   What is Universal Basic Income (UBI) Here in Australia, it has been suggested the government might hand out somewhere around A$20,000 per year to every man and woman (with figures between A$10,000 and A$25,000 discussed). The UBI scheme proposes that the government distribute a flat-rate payment to every adult citizen, without work testing or individual level of participation in the labour market, without job-search requirements or even submission to drug tests and would be implemented as either a partial or complete substitute for social security and welfare programs. Where does it stem from? UBI has returned to the policy agenda as the result of concerns about technological change. Some commentators argue that new technology will permanently reduce the demand for labour leading to job losses, stagnant incomes and worsening inequality. Technological unemployment – a long history During the Renaissance period for example, where a lot of people were put out of work in transcription and textiles with the invention of the printing press in the 15th century and knitting machines in the 16th century Industrial revolution – Steam power, eventually engines Agriculture 1920s – Tractors – A decline from 65% average in the 1500’s, down to 40% in 1800’s. Now it’s down to 1-2%. This is a massive displacement of employment wouldn’t you say? Has employment gone anywhere? Employment at all-time high. More people on the planet than ever, lower unemployment rates. That means, there’s lots of jobs - as tech increases, options increase, jobs increase. Okay, say we do get to the point tech can do everything for us…we may as well collect our income from these robot slaves. Just hope they don’t become self-aware otherwise they might want to keep some of what they work for. How it might work? The numbers – population of 24 million 18+ at $22,000 (Age Pension rate) = $428 billion Is there a solution? Tax more (or borrow): Get rid of Tax free threshold? On top of what we earn? Cost money to collect, so they would have to take more to give back less …20% slippage on their collection costs. The tap will run out! Socialism doesn’t work as eventually there is nobody left to take stuff from. Example – 5 friends in bar Guy #1 spent years working 80-hour weeks, good job now, banker Another went to Uni – comfortable job at 35 hours a week The other 3 are unemployed Every week the 3 who are unemployed ask the guy #1 to buy their drinks, guy #2 gets his own drinks, since he has a job. One week, guy #1 says no, so his friends start laying on the guilt …How long does he go and buy round after round for his friends? Then, when guy #1 stops paying, who is going to pay the bill? Guy #2? After a point, the 3 unemployed guys are suddenly in a much, much worse position because no one is buying the drinks. In the real world That one guy, or top 20% of people, pays 71% of income tax. How long would they keep footing the bill for their friends who are not working? The what about companies? When robots take over and production costs decrease, do they make a tonne more profits? Not necessarily. Lower production costs see in greater competition. Company profits don’t increase in the long term, but prices of goods do drop! Going back to the quotes from the speech… “With the radical way that the nature of work is changing, along with increasing inequality, our current social security system is outdated,” Needing a radical way that will assist everyone with our current social security system. I do agree that it’s a bit outdated and might be looked at in the future…however… “A modern, flexible and responsive safety net would increase people’s resilience and enable them to make a greater contribution to our community and economy.” The part in the speech about being more resilient as a result of this income, its actually the complete opposite when you look at it. Its 100% reliance on the government. Some people may stop being self-reliant and making their own income - that makes you reliant! The government will (apparently) take care of everyone if only you give them the money to do it. In my experience I tend to know how to care for myself in better ways than the government can.   “It’s about an increased role for government in our rapidly changing world.”  Sadly, this is the only true statement in this speech. A better solution Helping each other - why can’t people go back to helping their local community? Kids helping support their parents? It’s hard when a decent chunk of your income goes to funding someone else’s parents as well. Go to financeandfury.com.au to ask a question Unless you want me to cover how different political institutions lead to different conditions of living and equality? Or how legislation to protect consumers leads to an increase in monopolies, hurting them more?  

Finance Hour on J-Air
Episode 32- Will your investments last longer than you do

Finance Hour on J-Air

Play Episode Listen Later Apr 5, 2018 39:06


Ever stayed awake at night worrying about whether or not your investment portfolio will expire before you do? Then this week’s show is compulsory listening. My guest this week is a Finance Hour favorite – Tim Farrelly, principal of Farrelly’s investment strategy. Tim guides financial planners like me in putting together long term portfolios for clients to ensure a comfortable retirement. So whether you are retired, thinking about retirement or just want some insight as to how you should invest when interest rates are low and sharemarkets are volatile, you are certain to benefit from listening to this week’s show. “What is sensible will depend on every individual and their risk tolerance. If they can’t cope with volatility and downturns, they may just need to get used to spending less – Tim Farrelly  “When I think about my retirement, I  want to be at least 95% confident that my money is not going to run out” – Tim Farrelly  “Annuities allow you to get a guaranteed income stream over time, which may be useful for securing at least your basic income requirements ” – Reuben Zelwer  Today on the Finance Hour Podcast: In “Reuben’s Rant”, I give my take on Facebook data breach. What the standard expenditure benchmarks are for a modest and comfortable retirement. Tim tells us why it is important to have a high confidence level (up to 95%)of meeting your retirement income needs. How a ‘spending policy’ can be useful in reviewing your spending options in retirement. The relationship between market valuations, risk tolerance and starting point in charting your retirement course. The role of the Age Pension and annuities in providing a secure baseline for retirement income. The perverse incentives of the Age Pension asset test. And be sure to listen to my “Propellerhead of the week” which is about the importance of the free financial counselling service to assist people who get into financial difficulty. Mentioned Resources: Farrellys ASFA retirement standard Challenger Annuities Thanks for tuning in! Thanks for joining us on today’s episode of the The Finance Hour podcast! If you enjoyed today’s episode, please head over to iTunes and leave us a rate and review to help us reach even more listeners. Don’t forget to check out our website, visit us on Facebook, or hang out with us on Twitter to stay up-to-date on what’s in store for you! See omnystudio.com/listener for privacy information.

澳洲|澳大利亚移民
澳洲政府再发福利!养老金金额又有上调

澳洲|澳大利亚移民

Play Episode Listen Later Mar 25, 2018 2:52


澳洲作为一个高福利的国家,养老生活可以说是很多人都向往的了。优质的空气,独天得厚的地理位置,领先于国际的医疗水平...这些都让已经拿到澳洲PR 和绿卡的人骄傲。这不,最近政府又更新了一项惠民政策,而且还是立即实行!加微信2422754438,可与老移民进行一对一的沟通解决移民疑问;想要掌握最新移民资讯,请关注微信公众号:老移民oym-summer(老移民summer)加入国内外最专业的移民交流平台。一起交流移民路上遇到的各种疑难问题。让移民无后顾之忧!据《Dailymail》报道,从3月20日开始,养老金领取者每年将从福利署(Centrelink)多领近350澳元。而根据领取者的情况不同,最多的可以达到每年多领515刀。具体变现为:单身领取者每2周的养老金(Age Pension)及能源补助将从894.40澳元上调到907.60澳元,这样算下来一年下来多了343澳元。领取养老金的伴侣每2周的金额则从1348.40澳元上涨到了1368.20澳元,相当于一年多了515澳元。单身领取养老金者的能源补助为14.10澳元,伴侣则是10.60澳元。在另一方面,政府还将对老年人发放养老金补助(Pension Supplement),用来帮助老年人支持日常开支。同样的也是根据领取者的婚烟状况来的:单身者的补助为每14天67.30澳元,伴侣则是每14天50.70澳元。

澳洲|澳大利亚移民
澳洲政府再发福利!养老金金额又有上调

澳洲|澳大利亚移民

Play Episode Listen Later Mar 25, 2018 2:52


澳洲作为一个高福利的国家,养老生活可以说是很多人都向往的了。优质的空气,独天得厚的地理位置,领先于国际的医疗水平...这些都让已经拿到澳洲PR 和绿卡的人骄傲。这不,最近政府又更新了一项惠民政策,而且还是立即实行!加微信2422754438,可与老移民进行一对一的沟通解决移民疑问;想要掌握最新移民资讯,请关注微信公众号:老移民oym-summer(老移民summer)加入国内外最专业的移民交流平台。一起交流移民路上遇到的各种疑难问题。让移民无后顾之忧!据《Dailymail》报道,从3月20日开始,养老金领取者每年将从福利署(Centrelink)多领近350澳元。而根据领取者的情况不同,最多的可以达到每年多领515刀。具体变现为:单身领取者每2周的养老金(Age Pension)及能源补助将从894.40澳元上调到907.60澳元,这样算下来一年下来多了343澳元。领取养老金的伴侣每2周的金额则从1348.40澳元上涨到了1368.20澳元,相当于一年多了515澳元。单身领取养老金者的能源补助为14.10澳元,伴侣则是10.60澳元。在另一方面,政府还将对老年人发放养老金补助(Pension Supplement),用来帮助老年人支持日常开支。同样的也是根据领取者的婚烟状况来的:单身者的补助为每14天67.30澳元,伴侣则是每14天50.70澳元。

澳洲|澳大利亚移民
澳洲政府再发福利!养老金金额又有上调

澳洲|澳大利亚移民

Play Episode Listen Later Mar 25, 2018 2:52


澳洲作为一个高福利的国家,养老生活可以说是很多人都向往的了。优质的空气,独天得厚的地理位置,领先于国际的医疗水平...这些都让已经拿到澳洲PR 和绿卡的人骄傲。这不,最近政府又更新了一项惠民政策,而且还是立即实行!加微信2422754438,可与老移民进行一对一的沟通解决移民疑问;想要掌握最新移民资讯,请关注微信公众号:老移民oym-summer(老移民summer)加入国内外最专业的移民交流平台。一起交流移民路上遇到的各种疑难问题。让移民无后顾之忧!据《Dailymail》报道,从3月20日开始,养老金领取者每年将从福利署(Centrelink)多领近350澳元。而根据领取者的情况不同,最多的可以达到每年多领515刀。具体变现为:单身领取者每2周的养老金(Age Pension)及能源补助将从894.40澳元上调到907.60澳元,这样算下来一年下来多了343澳元。领取养老金的伴侣每2周的金额则从1348.40澳元上涨到了1368.20澳元,相当于一年多了515澳元。单身领取养老金者的能源补助为14.10澳元,伴侣则是10.60澳元。在另一方面,政府还将对老年人发放养老金补助(Pension Supplement),用来帮助老年人支持日常开支。同样的也是根据领取者的婚烟状况来的:单身者的补助为每14天67.30澳元,伴侣则是每14天50.70澳元。

Financial Autonomy
Early retirement - the multi-phase approach for Australians - Episode 23

Financial Autonomy

Play Episode Listen Later Dec 12, 2017 15:41


The goal of early retirement is one many Australians aspire too.  And certainly, when thinking about achieving Financial Autonomy, retiring early is very often baked into those goals. But what is the best way to bring that goal to reality, given the uniqueness of our system – superannuation, franking credits, negative gearing, and means tested Aged Pensions, just to get you started. The approach I’m going to take you through today is a multi-phase approach that I’ve built specifically for the Australian early retirement landscape.  Its aim is to use the opportunities we have, such as franking credits and superannuation, to get you to early retirement as quickly as possible. We’ve actually built a special PDF just for this post. I’ve put all of the diagrams in there for you.  You know what they say – a picture tells a thousand words.  And I certainly think visualising this approach is helpful.  So ideally have that in front of you as you consume this episode, but if that’s not practical, then at least download it latter. Early Retirement for Australians Download Early retirement in Australia – an overview To survive in our modern world, you need income.  Long gone are the days where we grew all our own food, hunted for our meat, and lived a subsistence life.  So retiring early necessitates solving the problem of how will you generate the income you need to meet your expenses, if you cease being in your current paid employment role. Let’s start with the helicopter high up in the air. We all know that in Australia we have the superannuation system to assist in funding our retirement.  Considerable tax concessions are provided to encourage us to build up saving within superannuation.  And then when we retire, we are able to convert our superannuation savings into an income stream, and receive even more generous tax concessions. Income drawn from superannuation is tax free from age 60 for the majority of people.  Given the tax favoured status superannuation receives, you’d likely be wise to utilise this system to the maximum extent possible to generate your retirement income after you reach age 60. But what do you do before age 60?  Well if early retirement is your goal, you need to have built up other investments, likely shares and property.  In this pre-60 early retirement phase, you can rely on the income these investments produce, and you perhaps also sell them down progressively to live of the gains and proceeds of the investments, remembering that when you hit 60, you gain access to a new pool of savings – your superannuation. Okay, so that’s the overview – pre 60 you’re living off investment income, and perhaps also some employment income, and I use that term loosely – it could mean as an employee, but it’s just as likely to be some freelancing work, a short term contract, or as an advisor or consultant.  Even if you’ve left your normal job, there’s a good chance that whatever you find to do with your time, you’ll pick up some income along the way. Then after age 60, superannuation is the primary solution for your income needs. The sub phases Let’s bring the helicopter down a bit lower now.  Within these pre and post 60 phases, I believe you can break things down further.  In the pre-60 phase, I’ve termed these two sub phases the Transition phase and the Investment Income phase.  And in the post 60 phase, that can be split into the Active Retirement phase, and the Feet-up phase. Imagine that perhaps in your 30’s you’ve decided that early retirement is something that you aspire to.  You crunch your numbers and determine the amount of income that you’d need to afford the early retirement lifestyle that you want.  You could wait until you have enough investments and superannuation that you can live a total life of luxury.  But most people I work with prefer instead to retire earlier, but still earn some income.  I call this the transition phase.  Maybe you back off from 5 days per week to 3.  Remember episode 20 where I interviewed Adam Murray.  He’d cut back to 3 days per week as a paid employee, and actually spread those hours across 4 days.  Then he had time to pursue other projects, and be the father that he wanted to be for his 2 boys. So during the transition phase, you’re still earning some income, just less than pre-early retirement, and perhaps you’re also earning some investment income. As you get closer to 60, your investments have grown.  In particular it’s highly likely that you’ve used some borrowings to build the wealth, for example borrowing to buy an investment property, and hopefully somewhere in this pre-60 phase, the debt gets repaid, meaning the rent which was going to loan repayments is now freed up for you to live off. So the second sub-phase in the pre-age 60 segment is the Investment Income phase. In the Investment income phase you’ve scaled any paid employment right back, possibly given it away altogether.  You’re primarily living off your dividend and rental income, and perhaps even selling down investments in the knowledge you’ll be turning on the superannuation tap come age 60. Franking credits will keep your tax down here, and you can plan any capital gains tax events to get you the best possible outcome.  Not anti tax Now let’s look at the post age 60 sub phases – Active Retirement and Feet-up.  The Active Retirement phase is likely to be from 60 to 70 or 75.  During this phase you’ve slowed down a little but still remain active – traveling and participating fully in your recreation activities like golf or yoga.  As a result your income needs are likely the same as pre 60. Because you’ve turned age 60 and are retired from the work force, you can now access your super.  And it’s likely that you will turn on an income stream from these savings, given this is the most tax advantageous element of the entire superannuation system. Thus the bulk of your income in the Active Retirement phase will come from superannuation.  But it’s likely you will still have some investment income coming in as a bit of a top-up.  Perhaps this can pay for the annual overseas trip. This Active Retirement phase could be an excellent time to realise any significant capital gains liabilities, for example selling a rental property, as your superannuation is a tax free income source so your total taxable income is likely negligible. The final post age 6o phase is the feet-up phase.  At some point later in life you’re going to have done all of your traveling, and the realities of getting older mean that you slow down.  Expenses tend to reduce, and medical appointments rise. During this phase the bulk of your investment have been used up, and you’re now living on your superannuation.  Depending on your circumstances, an Age Pension may also come into the frame at some point, which will help in prolonging the life of your superannuation savings. Early Retirement for Australians Download An early retirement example So let’s play an early retirement scenario out, so that you can see the how your income need might be meet in each phase. Imagine we first sit down and develop an early retirement plan for you when you are 34.  We work to that plan, refining as we go along, and by age 45, you’ve built up enough assets to be able to quit the high pressure career that has got you to the position you are now in. The first phase is the Transition phase.  You’ve still got great contacts in your profession, and so whilst you want to step back from all the stress and travel of your corporate career, you’ve got an opportunity to do some consulting work for one client for a day a week, and another long-time professional friend has asked if you could do some overflow work for them as it comes up. Your income in the transition phase is therefore generated perhaps 2/3rds from these employment type earnings, and 1/3rd from the dividends from your share portfolio, which until now had been reinvesting all its income. You have an investment property too, but at the moment there is still debt on this, so the rental income goes entirely towards paying down this debt, and meeting the other bills like council rates and maintenance. Further on into your early retirement now and you enter the Investment Income phase.  The rental property has been paid off, freeing up the rental income to further meet your expenses.  The 1 day per week consulting gig has finished, but you’re still getting occasional overflow work from your friend.  Your income split perhaps now flips, to be 1/3rd or perhaps even less from employment type income, and the bulk of your income comes from investments – share dividends, rental property income, and the occasional share sale when a lump sum expense comes up. You reach 60.  You’re in the Active Retirement phase.  You’ve told your friend you don’t wish to do any more overflow work – you don’t have the time!  What with golf 2 days a week, volunteering as the treasurer of the local Rotary club, keeping up with the family, and regular holidays, you’ve got more than enough on your plate. So now you turn on the superannuation income stream.  You’ve sold down most of your share portfolio by now but you still have the rental property so you have income from that in addition to your super. You have a great time during this phase, but by age 74, you’ve had a few health issues and are starting to slow down.  You’re still playing seniors golf on a Friday, but you don’t fancy overseas travel any more and are happy to live a bit quieter life.  You’re in the Feet-up phase. Maybe you sell the investment property around now.  The maintenance is getting a bit of a bother and it’d be nice to have the cash available. Between the proceeds from the sale of the rental property, and your super, you see out your days without a financial worry in the world. So what do you think?  A plan you could work towards.  Early Retirement in Australia is possible and I think many people could imagine living out a scenario something like what I’ve just gone through. The reason most people don’t live that life though is because they never TAKE ACTION.  Don’t let that be you. Don’t forget to visit the financialautonomy.com.au web site to grab the toolkit for this episode, because the glide path diagrams I’ve put together I think will be super useful to you in seeing how you might be able to retire early in Australia. Early Retirement for Australians Download   Important Information: This information is of a general nature only and has been prepared without taking into account your particular financial needs, circumstances and objectives. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. You should obtain professional advice before acting on the information contained in this publication.

The TNR Australian Accounting Podcast
Age Pension – Everything you need to know about the Aged Pension [Podcast]

The TNR Australian Accounting Podcast

Play Episode Listen Later Apr 6, 2017 15:29


The post Age Pension – Everything you need to know about the Aged Pension [Podcast] appeared first on TNR Chartered Accountants Lismore Ballina Accounting, Tax Audit.

Stick Together
Social Security v Welfarism

Stick Together

Play Episode Listen Later Jan 10, 2017


Today with focus on Pensions and Penalty rates.David Thompson CEO of Jobs Australia lifts the curtain on some other scandals at the heart of our Centrelink system. Lou Wheeler from Fair Go for Pensioners gives an account of the Age Pension changes while Josh Cullinan from the Retail & Fast Food Workers Union goes into bat for the Baker's Delight workers who have been short changed.

SBS Tongan - SBS Tonga
Law Changes - Law Changes

SBS Tongan - SBS Tonga

Play Episode Listen Later Jan 3, 2017 5:09


New Year new, Law Changes - Government Pensions, Age Pension, Petrol Prices & Dental Care. - New Year, new Law Changes - Government Pensions, Age Pension, Petrol Prices & Dental Care. 

SBS Croatian - SBS na hrvatskom
Forum: Debate on Age pension reform proposal - FORUM: Rasprava o predloženim izmjenama starosne mirovine u Australiji

SBS Croatian - SBS na hrvatskom

Play Episode Listen Later Feb 11, 2016 20:04


The Federal government is proposing that from the first of January 2017 pensioners who have spent less than 35-years of their working life in Australia have their age pension reduced after six weeks of living abroad. Guests; Ilija Bićanić, Damir Ljubičić and Kristina Kukolja. - Rasprava o prijedlogu savezne vlade da se nekim umirovljenicima sa starosnim mirovinama nakon šest tjedana boravka izvan države snizi iznos primanja. U raspravi sudjeluju: Ilija Bićanić, porezni agent iz Sydneya, Damir Ljubičić, novinar i dizajner te novinarka SBS-a Kristina Kukolja.

Women on the Line
The Cashless Welfare Card

Women on the Line

Play Episode Listen Later Dec 6, 2015


This episode of Women on the Line focuses on the recently announced trials of the new Cashless Welfare Card and the implications of income management for Centrelink recipients. The cashless welfare card is a new debit card whereby 80% of the payments of most Centrelink recipients other than those on the Age Pension will be "quarantined."Trials of the card are scheduled to start in three trial sites located in South Australia and Western Australia from February 2016.Women on the Line speaks with Andrea from Ceduna who will be affected by the trial of the cashless welfare card, Bonnie Edwards from Halls Creek in the Kimberly which is attempting to resist becoming a trial site for the card, and Jacinta Waugh who contributed to an evaluation of the Place-based Income Management Trial in Shepparton.

The TNR Australian Accounting Podcast
Age Pension: Do you fit the bill?

The TNR Australian Accounting Podcast

Play Episode Listen Later Dec 17, 2014 15:29


Age Pension – Demystified Australians have a long history when it comes to age pension schemes. The first national pension scheme in Australia was formed in 1909 and provided the grand sum of £1 per fortnight for men over the age of 65. As life... The post Age Pension: Do you fit the bill? appeared first on TNR Chartered Accountants Lismore Ballina Accounting, Tax Audit.

SBS Hungarian - SBS Magyarul
Law changes 2017 - 2017, milyen szabályozók változnak?

SBS Hungarian - SBS Magyarul

Play Episode Listen Later Jan 1, 1970 3:22


With 2016 behind us, the New Year brings changes to power bills, petrol-pump prices and pensions.        - Az idei év néhány változást hoz, elsősorban a benzinárak, a villanyszámlák, és a nyugdíjakkal kapcsolatban.