The same Actuaries Institute report states: It could be argued that Australias aged base rules encourage people to retire earlier than they may otherwise because:
We currently have access to superannuation assets from age 55 moving to age 60 (Preservation Age);
The Disability Support Pension provides 0.5 million people above age 55 with an early age pension;
There is unlimited access to super benefits tax free from aged 60 although, it should be said that there is little evidence that retirees are moving significant assets on retirement; and
There is a specified Age Pension age (65 moving to 67) which does not suit everyone
Three big questions the Budget must answer for aged care sector executives to move forward. Time for bravery?
With the Federal Budget now just 12 days away, there remains several unanswered questions that are weighing on boards and executives across the aged care sector. Despite the Aged Care Taskforce, chaired by the Aged Care Minister Anika Wells, handing...