superannuation

Centrelink Boost 2025- $450M Federal Budget Move Benefits 460,000 Australian Pensioners With Deeming Rate Freeze

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Centrelink Boost 2025- $450M Federal Budget Move Benefits 460,000 Australian Pensioners With Deeming Rate Freeze

In a significant move to support pensioners amid rising living costs, the Australian government has announced a freeze on deeming rates for another year as part of the 2025 Federal Budget. This decision is set to benefit approximately 460,000 age pensioners, allowing them to retain more of their Centrelink payments.​ Understanding Deeming Rates Deeming rates … Read more

New $73,000 Superannuation Benchmark Unveiled – Are You Prepared

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New $73,000 Superannuation Benchmark Unveiled - Are You Prepared

Recent analyses reveal that Australians now require higher annual incomes to maintain a comfortable retirement lifestyle. The Association of Superannuation Funds of Australia (ASFA) reports that, as of December 2024, couples aged 65 need $73,077 per year, while singles require $51,805. These figures assume homeownership without outstanding mortgages. ​ Understanding Retirement Lifestyle Costs ASFA’s Retirement … Read more