Keep up with the latest news and updates
June 15, 2022
Australian seniors are feeling the pinch from the rising prices according to the latest data released by the Association of Superannuation Funds of Australia (ASFA). The advocacy group reveals the latest increase in the cost of living for some retirees is the largest seen in 12 years. For example, Australian couples around 65 years need
June 1, 2022
A retirement think thank believes that staying in the workforce for at least six years can add more money to your superannuation. The Rainmaker report demonstrates the effects of compounding investment returns when a pre-retiree regularly tops up his retirement savings. Rainmaker Information provides market-leading data, research, and market insights about the Australian wealth management
April 5, 2022
As Australia gradually recovers from the effects of Covid-19, Federal Treasurer Josh Frydenberg handed down the federal budget. Typically delivered in early May, the budget speech was scheduled earlier due to the upcoming election. Here are the salient features of the budget affecting Australian retirees. More funding for aged care The federal government will allocate
March 23, 2022
The Morrison government has announced the cutting of interest rate it charges for Australian retirees who unlock their home’s equity. Known as the government’s version of a reverse mortgage loan, the Pension Loans Scheme (PLS) will now be called Home Equity Access Scheme (HEAS). The scheme will still allow pensioners to tap into their home
February 28, 2022
How to Spot – and Stop – Elder Abuse At least one in six older Australians experienced a form of elderly abuse, and most of the perpetrators are their children, according to a landmark study released before Christmas by the Australian Institute of Family Studies (AIFS). The Attorney-General’s Department commissioned the National Elder Abuse Prevalence
November 23, 2021
Reverse Mortgages has grown five times since the Australian government’s Pension Loans Scheme (PLS) recorded data in the 2018-19 fiscal year. The growth is spurred by retirees looking for ways to manage their cash flow in retirement while choosing to stay in their homes. This is based on a story published by the Sydney Morning
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