Department of Human Services SA’s Post

Trump vs. Harris: The 2024 election could shape economic and #retirement policies for years. See where the candidates stand on key retirement issues: https://zurl.co/BdSC #Election2024 #RetirementPolicy #Pensions #Economy #Investments #Politics #Legislation #Governance

Trump vs. Harris: The 2024 election could shape economic and #retirement policies for years. See where the candidates stand on key retirement issues: https://zurl.co/BdSC #Election2024 #RetirementPolicy #Pensions #Economy #Investments #Politics #Legislation #Governance

Do you know these four important facts about your Social Security benefits? 1️⃣ Your benefit amount depends on your retirement age. 2️⃣ You may work and collect social security benefits. 3️⃣ Your social security benefits are subject to income taxes. 4️⃣ Married couples get spousal and survivor benefits. #SocialSecurityMonth

The 2024 election outcome could impact your taxes, retirement and portfolio. Here's what our strategists say you should know. #MorganStanley #2024Election

This is something at Voyage Financial Planning which we 100% agree with and have mentioned to several clients that this is an area which needs addressing. Once we have reached the state pension age, we have contributed in terms of tax & NI for anywhere up to 50 years (yes that's right - potentially from 16-66). With the state pension increasing by the triple lock, it was/ is getting to the point where pensioners may have to pay tax on the state pension, which is morally wrong. Let's hope whoever wins the general election on the 4th July, they follow through with this, as surely, everyone can agree this is the right thing to do. #triplelockplus #retirementplanning #statepension

Although legal retirement age in #Malaysia is 60, the political arena is dominated by leaders beyond retirement age. While most elderly are enjoying their retirement life, 60 may not be too old for politicians to actively engage in politics for a few more years. Data shows that the proportion of our members of parliament over 60 years old has been on an upward trend since 25 years ago; whereas nearly half of the 31 current ministers are over 60. From prime ministers to MPs and party leaders, it looks like most of them are familiar old faces. What does it say about you and me that it is the elderly who are running the country and shaping the future? Find out more at: https://lnkd.in/g7NkKgHS #newsgraphy #datajournalism #datavisualization #datavisualisation #dataviz #datastorytelling #gerontocracy #parliament

📢 New Ad Hoc Query on beneficiaries of international protection who reach retirement age 👴 Once beneficiaries of international protection reach retirement age, they are eligible to receive financial allocations in the country from which they have received protection. Under what regime do these allocations fall? What happens if the beneficiary is also eligible for pension in their country of origin? Under what conditions and how can both benefits be combined? 👉 Find out more thanks to this new Ad Hoc Query launched by our Latvian colleagues: https://lnkd.in/ezYKswvz

More than 72.5 million Americans will see a 2.5% increase in their Social Security retirement benefits and Supplemental Security Income (SSI) payments in 2025. Here’s what the Social Security Administration says about this year’s Social Security cost-of-living adjustment (COLA).

It is expected that millions of pensioners in England and Wales will be affected by the new plans for winter fuel payments announced by the chancellor this week. The proposed changes include: ▶️Restricting fuel payments to those on benefits and pension credit. ▶️Savings will now be taken into account and could mean individuals are ineligible even if their income is low. ▶️Disabled people and those caring for someone may still be eligible. ▶️Winter fuel payment changes will be implemented from winter 2024. Read the full article here👇 https://lnkd.in/evgqJ6hW #WinterFuelPayments #CostofLiving #PensionCredit