In this month’s newsletter, we begin with an overview of the key findings from the Government’s recently released Retirement Income Review final report. The household saving ratio in Australia increased to 19.8% in the second quarter of 2020 from 6.0% in the first quarter of 2020—our animation illustrates the concept of SMART savings goals. Several important taxation and social security Bills recently passed through the parliamentary process—we summarise the main aspects of each of these. Many social pursuits and pastimes are often accepted at standard rates in a formal insurance application—we provide further information on these and others. Lastly, we leave you with an uplifting TED Talk by Dr Shauna Shapiro, on how mindfulness can help us make positive changes in our lives.
We wish you a happy and safe festive season and look forward to seeing you in 2021.
Retirement Income Review report: Key findings
Australia’s retirement income system consists of a three-pillar approach. In this article, we highlight the key findings from the Government’s recently released Retirement Income Review report.