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
Community Living
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...
