News Asia15 Apr 2014

Australia:Call for a switch to 'income' culture among retirees

15 Apr 2014

Australia's leading longevity research organisation has suggested that the government encourage retirees to use their superannuation as an income stream rather than take it in a lump-sum withdrawal. Without knowing how long the lump sum will last, retirees are unable to plan, and often outlive it and end up on the means-tested publicly-funded Age Pension scheme.

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