From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month....
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super ...
The Financial Services Minister says the amendments to the SIS Act within the first QAR bill will “clarify the law to affirm the status quo”....
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money in the house (unlike super) is exempt from the asset test so allows for a bigger Age Pension. This is what advisors will (and should) tell them. Government should either stop the banks from offering mortgages that go beyond a reasonable retirement date or include part of the house in the asset test - or both.
First time home buyers could be exempt from mortgage restrictions. The future will be different because there are growing numbers who cannot get buy their homes until later in life.