I did see that and have emailed the president of the British Pensioners Association - hoping for enlightenment on this for some of my group who get a part pension here plus part UK one and lose 40c in the dollar currently.



None of them are really up on how it all works so hoping he can tell me the story like if they count it as income etc so allow free meagre bit before deducting or what.



Definitely lose 10c in the dollar as far as I can see- blast them and hoping they reap the whirlwind that they have sown and it is not nice for them as it is not nice for any pensioner ! As you tell I am not impressed.

Hi Leaonie 2 and BigVal



As far as I understand it the situation is as follows but the best people to talk to is the CES.

1. Yes you do get the increase.

2. All income from whatever source will be subject to the new 50 cents in the dollar rule.

3. Income from investments is deemed by the CES and the result is classed as net income.

4, Any earning you may get by casual work is classed as net income.

5. Your UK or Foreign pension is classed as net income.

6 ALL net income is lumped together and subjected to the 40 cents in the dollar rule which will now be 50 cents in the dollar rule.

Hope this helps you guys sort things out.

Thanks for straightening that out U3a.



Sounds like good sense and I hope this lot don't get their nitty gritty little hands on changing it.



But of course no spin in it - and n one seems to care that they Rudd/Swann snuck in savings on those least likely to be able to give up another 10c in the dollar.



Oh well cant cut the taxes of the rich now can we and some are moaning their heads off re losing $7 off their medical rebate and only getting $45 a week in tax cuts come July. Poor things fancy having to budget your life on a mere $10,400 a week before tax!!!!! $7 is a lot to them.



Oh boy would I like to make quite a few live on the pension only for 6 months.



I got an answer back today but the bloke is currently in South America so will look into it on return to Oz.

Inundated he said with people worried about the 10c increase as they live on very little.



So they should treat the UK pension or super as income as it is the persons money paid in over the years.



But I still am of the opinion we have all been dudded here to as pensions here started same as in UK - paid for by the worker and no where can anyone point out the repeal of the 7.5% of workers income taxes no longer being paid in for their future pension.



For years we were all told 'don't worry you are paying for your pensions as you go" until the first indication of the world running out of taxpayers to follow up paying their bit which will not peak until 2045 and by that time white people will be in the minority in Australia so all will be difficult oops different - well right first time I reckon - population forecast courtesy of the United Nations who are on track to get it done.:(

I find it hard to belive that something, so simple, can be presented in such a complicated & cumbersome way. As I understand it, the increase will be received by EVERY pensioner, or part pensioner, as a net increase.. In effect, if you are now receiving $1 p/w part pension, you will get that $1 + the increase, in full.

If it gives you all any comfort, I spent some time, yesterday, with my local member's COS & asked a few of these questions. She spent some time mulling over the Ministerial advices, before promising to get back to me in the next few days. So, don't be embarassed if you are confused.

We pay the Professors of Political Science, a lot of money to be expert on Constitutional matters. Why can't any of them explain why we can't take some legal action about our 7.5% of deducted taxes, for our pension. I can see the political sense in cancelling the practice, but where is the money, I paid in?

A lot of you are concerned about whether we are being conned. Nobody seems to be concerned that the mathematics, just don't add up. We have introduced industrial laws that make it impossible to get rid of staff who can't do their job, & at the same time, increased the retirement age to 67. What the hell, does it matter? Would you employ someone of 65 with questionable stamina & health, when the law says, you can't get rid of them if they haven't got the stamina or the health to do the job? Especially when the Award says you have to pay the same wage to the doddering old gentlemen, as to the fit young mallee bull of 25.

Our major problem, at the moment, is that we are in a period, where the compulsory superannuation, has not been in effect, long enough to take the retirees off the pension list. By the time we extend the retiremant age, every worker should be self funded.

You will note that Swan did not mention the Tax credits for workers, carrying on to 67!!! Whoops; Embarassed, for not thinking of this? Don't worry, I got some very funny looks in the Local Member's Office.

Just out of interest, I have not seen a single comment, on here, about the extension of the working life, of the Politician, before getting their retirement benefits.

I find it amazing that we will have a double dissolution, shortly, & we will return KRudd with an increased majority. It is unbelievable that Seniors can be repeatably kicked in the teeth & the only reaction is to apologise for putting their faces in the way of the Government boots.

Just, as a passing comment; I have heard that KRudd is employing a further 65, yes, you read right, 65 advisors in his office. I stress, that this is only heresay, but if it proves to be true & we let it go, without an electoral backlash, we deserve what we get.

Innes you do know that last post was on a thread for querying the 10c cut off pension for net income dont you?

Sorry BigVal. Must vent my frustrations whenever there is an opening. Please don't tell Clay, or his new nom de plume

Duh I missed the new one - sorry I snapped :)

Thank you Big Val#1, U3a #2 and Innes #4.

I hope you are right that we will get the same rise as a full pensioner even though we only get a part pension because we get a higher private income. I will be very interested to hear what your respective advisors have to say so will keep watching this thread.



Of course this rise[size=3][/size] will be offset by the increase of the tapering by 10 cents. It will be interesting to see what the outcome will be on Sept 20th.

Think of pensioners, who earn a very little income, who live in Public Housing. I pay 25% of my pension, 25% of the gross of the very little income I earn, less than the Federal Governments allowance, but every gross cent I earn, and, because I dare to have over $5000, in the bank, I also pay 25% of the interest I earn on those savings. Going backwards, not worth earning a cent anywhere.

We will all find out what we are getting or not getting on the 20th of September - and I think we are all in for a big shock--when the budget will already have gone through the senate and it will be too late to change it. ha ha as if the Libs are any more interested in the pension than any other Govt. past or present.

If you are not satisfied then do not wait until it has passed the Senate or too late.



Now you should be putting your thoughts down politely and to the point to Senators all.



http://www.gold.gov.au/ - link to government directory.



Bookmark it for future. Can find out who does what on this directory.