The Age Pension, superannuation and Australian retirement incomes

Professional Planner

  • 29 January, 2009
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ASFA report image.JPGThis sobering report reveals the current retirement income system is unlikely to deliver a comfortable standard of living for the majority of Australian retirees. The paper identifies, for the first time, a ‘low cost budget’ for retirees. While the ‘low cost’ budget is just consistent with the avoidance of outright poverty, it falls short of what most individuals who are not yet retired would regard as adequate.

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