Self Funded Retirees

I know there are only about 20% who are fully self funded (and my post will probably go without comment) but I feel after working all my life and paying taxes I think there should be some recognition for those who have scrimped/saved etc to become no burden on the tax payer in their later years.

I do not want any welfare money, that is for those who need it, but I do feel that once a person has say reached 65/70 why should they be paying the same rate of tax as those who are still in the workforce. We are still paying the same rate, medicare levy and also private health insurance and we get no concessions on any utilities etc and the other perks pensioners receive.

If I had my day over again I would have spent my money or hired a smart accountant and gone on a part pension, as many have done.

11 comments

There are other nations which pay a pension to everyone on retirement regardless of circumstances. This is of course, an acknowledgement of what that person has contributed, as you say, via taxes, etc.

I think there is some of merit in the idea.



Edit to add:

I don't necessarily advocate a full pension.

The pensions paid by for example, the Italian Govt, to citizens who have emigrated to other countries, is not by any means the full pension, but a very small amount as far as I know.

As for SFRs in general, I think they at the least, should get the usual concessions on rates energy, etc. Which by the way, was from memory, part of the election campaign from the Coalition...or did they introduce it during their term??

BigVal or Innes may know.

[b]Fully agree Ardnher. We have worked all our lives and saved for our retirement only to be penalised for it. Because i'm married I paid single tax as well all my working life.



No super in those days in my job and we were told that on retiring we would get a pension, the government would look after us as we paid our taxes.[/b][size=3][/size]

Even people who never had one child receive a full pension!

But those of us who forego holidays and many luxuries saving for our old age others spent all their wages. I am not critisizing any person receiving the full age pension at all , I am just stating a fact those who went without and saved regardless of having children to rear, are really treated with disrespect where a bit of help would be very nice.

Phyl and others above, you wont get sympathy on this site. It should be called about full pensioners who want more. Sometimes I've seen a super person get on here only to be told that they should make the best they can and get on the pension. its no wonder that pensioners are getting a bad name. Like the farmers who were always whinging. this is the site for pensioners who spent all their money during their life and now want lots of pension so that they can live a good life. When will they learn that you have to work hard and save money to be able to have agood retirement? Big Val is the worst of the lot. He thinks that every taxpayer in Australia should be working harder to make his pension bigger. What did he do in his working life? Big drinker probably. brain in a mess now.

Interesting to hear the other day that if you want to retire on $50,000 per annum, you need to have saved $1 million in your working life to do so. The average wages allows a person to earn that much in about 10 years. The average working life span is about 40 years, so to achieve the $1 million, you have to save approx 25% of your weekly income.

Big Val is the worst of the lot. He thinks that every taxpayer in Australia should be working harder to make his pension bigger. What did he do in his working life? Big drinker probably. brain in a mess now.

..................

Are you sure that its a Man and not a Woman .........maybe its your brain thats in a mess .........yes I think it is ..........



:question:

you beat me to it Clay.

Its very disapointing Keith when some new members to this great forum immediately go on the attack .........Its as though they have an ulterior motive .........I don't like it nor do you and the same goes for most all of us

Take care mate ................





:coolhmm:

How are you keandha? Everything OK?

FROM :- clay [ Report ] [ Ignore ] [ # 3 ]



This site is frustrating for me also ...........nothing works and I really am surprised that Admin have taken on a complete lack of care for it



I really can not be bothered anymore .....................



>>>>>>

In your post in this topic Clay you say "This great forum"?

You change like the wind along with telling many of us to LEAVE we are not wanted here.....lol

In your post in this topic Clay you say “This great forum”?

You change like the wind along with telling many of us to LEAVE we are not wanted here.....lol

.......

The site has improved for me and accordingly I have changed my mind ,,,,,,,is that a problem for you



Now in relation to this ...." Telling many of us to leave "......you know that is NOT true at all and I challenge you to prove it



Lets see how you get on ............maybe its you who are the trouble maker here

.........

Now how about you stick to the topic under discusion instead of draging a red herring across our trail ...................

11 comments



To make a comment, please register or login

Preview your comment