Age Pension, deeming rates not realistic: poll finds

Pension and deeming rates must reflect reality, say members

protest

The base rate of the Age Pension is not a liveable amount, deeming rates must reflect reality and too many older Australians are hell-bent on leaving an inheritance for the kids at the expense of a comfortable retirement. That was your message from our Friday Flash Poll: Deeming rates and the Age Pension.

New Social Services Minister Anne Ruston was put under intense pressure to reduce deeming rates after the Reserve Bank of Australia (RBA) cut official interest rates to a record low of one per cent. She responded with the first change to deeming in four years, but were the cuts enough? Your feedback was emphatic.

Asked, ‘Was the deeming rate cut from 1.75 per cent to one per cent for investments up to $52,000 (single pensioners) and $86,000 (couples) enough?’, 76 per cent of respondents said no.

Asked, ‘Was the decrease from 3.25 per cent to three per cent for amounts over $52,000 (singles) and amounts over $86,000 (couples) enough?’ and the response was even louder with 89 per cent of respondents saying no.

We also asked if there should be an independent and transparent process to decide on deeming rates and the result was comprehensive. An overwhelming 96 per cent of the 519 respondents said yes.

YourLifeChoices member Eddy spoke for many when he said: “I am not against deeming rates per se, even though it is the deeming rates that keep me from qualifying for a part Age Pension. However they must reflect reality.” Eddy suggested deeming rates be tied to the official cash rate and go up or down automatically.

Our poll then sought to gauge your views on the Age Pension in the wake of the Federal Government’s announcement that it will conduct a wide-ranging review of retirement income.

We asked, ‘Should there be an urgent review of the base rate of the Age Pension?’ and 93 per cent of respondents said yes. Asked by how much the fortnightly rate should be lifted and 53 per cent said $71-$100, 27 per cent said $51-$70 and 21 per cent said up to $50.

YourLifeChoices member terrib said the basic pension was not a liveable amount. “[The] last increase I did not receive any more money, in fact I am now 60 cents worse off.” Terrib was unsure why that was the case and was not looking forward to trying to find out. “… how I am worse off I have no idea. I guess I will have to contact Centrelink … but the time you spend waiting on hold is daunting to say the least.”

Terrib’s concerns about contacting Centrelink were reflected in another question, ‘Do you trust Centrelink to ensure you are receiving all applicable payments and allowances?’ Again, the response was a roar with 84 per cent of respondents saying no.

So would a universal Age Pension solve many problems? Yes, said 86 per cent of respondents.

Funky referred members to the New Zealand system. “NZ has a simple solution to the ridiculously complicated pension system we have here. That is: ALL over 65 receive full pension irrespective of their wealth, or lack thereof. No asset test, no income tests.”

Thoughtful was another in favour of a universal Age Pension: “A UAP should be a replacement for all tax incentives and then taxed normally on top of any other income received in retirement. Simplifying the tax system and OAP avoids rorting, is an incentive for people to save for their retirement (the incentive being any amount saved is beneficial as it is better than just the pension which everybody would receive), avoids the unbelievable bureaucracy involved with the OAP and keeps funds flushing through the government coffers.”

Arvo said: “The Government is out of touch with age pensioners – not because they are unable to make improvement but by their oppressive design to keep age pensioners on the edge of poverty.”

GeorgeM issued a call to arms. “The Government’s Retirement Incomes Review is coming up soon, and that is the right time for all to act. Too often, people in Canberra claim they did not get much input for such reviews, and that is squarely the fault of inertia among the lazy people. The other option is to start a petition – I have suggested to YourLifeChoices to start one …”

Berryupset followed up with: “ALL these comments should be brought to the attention of the Minister and our rep! I`ve emailed and complained to my fed MP! Please do the same!!!”

Members also used the poll forum to highlight another ‘problem’ – the desire of many older Australians to leave an inheritance for their children.

Tanker said: “The problem with the Age Pension is that so many view their retirement investments as something to be hoarded to pass on to their children.”

In2sunset concurred: “Nothing galls me more than hearing seniors talk about how they are scrimping and saving in order to ‘leave something for the kids’. At the same time, I see them complaining about the cost of running the aircon, or the cost of medication.”

Will you lobby your local member of parliament for a say in the government’s retirement income review?

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    COMMENTS

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    Janus
    22nd Jul 2019
    10:53am
    A waste of time talking to this government, especially our local member - new on the job, a simple farmer with no idea who was surprised to get elected, sitting on the back bench, and nodding his head in the background when somebody higher in rank appears.

    The philosophy is: less tax, fewer services, and if you can't afford to pay for it, you should work longer in a better job. I'm alright, Jack.

    The majority voted for this, so suck it up. Regrets? Always remember, half of the population has an IQ lower than average.
    Chooky
    22nd Jul 2019
    11:13am
    I couldn’t agree with you more. It was reiterated again to me during the recent election that voters are generally ignorant, easily influenced by four word slogans and believe a Facebook meme that turns up on their feed. Many voters don’t bother to ask the most basic questions of candidates just blindly cast their vote. I have no sympathy for many retirees who just swallowed up Palmer advertising and similar and LNP rhetoric.
    We are supposed to grow wiser with age. Not the case for many.
    So you silly oldies that believed the death tax, the retirees tax, franking credit line when you have no entitlement, if your pension is being stretched beyond its capacity to pay rent, food, medical, transport, power bills, it’s your own fault. YOU VOTED FOR IT!
    Thoughtful
    22nd Jul 2019
    11:21am
    Perhaps a well organised petition to the governments retirement income review with some balanced ideas and no party political bias would be worth a try. Remember half of the population has an IQ above average and I suspect probably more of a percentage in the older age groups.
    TREBOR
    22nd Jul 2019
    12:28pm
    .. and never forget that 98% at least have an IQ lower than mine...
    TREBOR
    22nd Jul 2019
    12:31pm
    **pats self on back and checks tickets on self**

    Right - that's the comedy segment done and dusted - now for the real issues... I vote for Independents, BTW... anything to bring the bastards down..

    We need The Trebor Scheme of a fully independent, untouchable organisation that will handle retirement package funding for all on equal terms...
    ourjeffie
    22nd Jul 2019
    12:40pm
    Chooky, I don't think too many people "swallowed up Palmer advertising".
    Rod63
    22nd Jul 2019
    12:41pm
    I agree Chooky. I can never understand why older people, unless wealthy, vote for the coalition.

    I also love Janus' idea of a universal pension.
    Thoughtful
    22nd Jul 2019
    12:54pm
    TREBOR you were doing so well meeting the IQ requirements but alas fell into party politics trap. The biggest advantage of having a secret ballot is that nobody knows who you vote for unless you chose to tell them. Let them all consider all seniors as swinging voters who require being wooed. It really is our greatest power.
    TREBOR
    22nd Jul 2019
    12:57pm
    I don't vote for any party..... just saying... I vote for every alternative I can see... in the eternal hope of a change...

    Nobody really knows who I vote for - I could say anything online..... maybe I'm a hardened Morrison fan or something....

    22nd Jul 2019
    11:21am
    I get the full aged pension with supplements, I RENT and I can still save $7000 or more a year from the payment.
    patti
    22nd Jul 2019
    11:35am
    Please tell me how you do that??? I get the full pension, and the most I have saved in a year is less than $1000, which ended up being spent on car repairs........I have a housing loan, don't smoke, drink or gamble......seldom buy new clothes, don't eat out......
    Anonymous
    22nd Jul 2019
    11:38am
    In fact rent costs me nothing at all, that's one of the boons of getting the pension
    Triss
    22nd Jul 2019
    11:47am
    One of your comments states you rent, PIXAPD, and the next seems to say you live rent free. I would imagine everyone here could save if they lived rent free.
    Paddington
    22nd Jul 2019
    12:09pm
    In order to get the rent supplement the rent must cost above a certain amount so PIXAPD you make no sense. I am sure pensioners are paying $7000 and more for rent per year.
    Anonymous
    22nd Jul 2019
    12:36pm
    I said...'rent costs me nothing at all, that's one of the boons of getting the pension' try and understand the comment please
    TREBOR
    22nd Jul 2019
    12:57pm
    Try and explain it instead... rent can't cost you nothing.. if it costs nothing it's not rent....
    Anonymous
    22nd Jul 2019
    1:01pm
    The dull mind comprehends not a simple comment
    Triss
    22nd Jul 2019
    1:39pm
    And bad manners don’t make you look intelligent, PIXAPD.
    Anonymous
    22nd Jul 2019
    2:03pm
    Triss, You comprehended my comment completely?
    Farside
    22nd Jul 2019
    2:15pm
    PIXAPD, your comment "rent costs me nothing at all, that's one of the boons of getting the pension" is perhaps too obtuse for some readers. Perhaps you should have said you receive the supplement (mentioned this on a previous post). Nevertheless you are doing well to save as you do and I again think it would be worthwhile YLC telling your story.
    Anonymous
    22nd Jul 2019
    3:56pm
    Farside: Indeed, it seems some readers are 'obtuse' I shall allow for that in the future.

    Yet I can say that rent, expenses, daily living, travel, power, even savings, etc etc COSTS ME NOTHING, it's all free. Also the more I give away to charities the move I have left over, God is no mans debtor
    Misty
    22nd Jul 2019
    4:14pm
    How on earth can you get all those things for free PIXAPO?, you don't get allowances for daily living included in the pension, do you live with family members who allow you to live with them without paying board of any kind, how else is it free?
    Anonymous
    22nd Jul 2019
    4:34pm
    Ah well....smiles. I think sausages mash and gravy for supper.
    Anonymous
    22nd Jul 2019
    5:49pm
    ...just ignore...we have been down this path with pixapd before
    Anonymous
    22nd Jul 2019
    6:11pm
    Farside: YLC would not do my story, because they are as THICK as folks here. they have no interest about how to save free money, But thanks for your kind comment that YLC should.
    I'll remove notifications on this issue for folks are NOT WORTHY to be taught, they are just rude, ignorant folk
    Rae
    22nd Jul 2019
    6:16pm
    Misty the taxpayer is paying for PIXAPD as he saved nothing and owns nothing. Unlike other countries in Australia savers are harshly penalised while those who spend everything or fall on hard times are treated to the largess of the welfare payment system.

    There is no discrimination there. No proving why you blew all your money. Just save and be damned.

    It's free if someone else puts the money in your bank every fortnight.
    Dotty
    23rd Jul 2019
    2:29pm
    My God tell me how you do that as I am soley dependent on the OAP ans no way could I save that and I am in a government housing home !
    I don.t drink ,smoke ,or have a social life and the only asset I have is a 32 years old car that gets me from A to B !
    But then again it does cost me a wack each fortnight on Medication !
    Dotty
    Nan Norma
    23rd Jul 2019
    7:51pm
    Maybe Pixapd is in prison. that's free.
    sunnyOz
    23rd Jul 2019
    11:38pm
    NanNorma - spot on! Prisoners have it better than most pensioners.

    Here's a good solution - let's put the pensioners in jail and the criminals in a nursing home, this way the pensioners would have access to showers, hobbies and walks, they'd receive unlimited free prescriptions, dental and medical treatment, wheel chairs etc and they'd receive money instead of paying it out, they would have constant video monitoring, so they could be helped instantly, if they fell, or needed assistance, bedding would be washed twice a week, and all clothing would be ironed and returned to them, a guard would check on them every 20 minutes and bring their meals and snacks to their cell, they would have family visits in a suite built for that purpose, they would have access to a library, weight room, spiritual counselling, pool and education, simple clothing, shoes, slippers, PJ's and legal aid would be free, on request, private, secure rooms for all, with an exercise outdoor yard, with gardens, each senior could have a PC a TV radio and daily phone calls, there would be a board of directors to hear complaints, and the guards would have a code of conduct that would be strictly adhered to.
    The criminals would get cold, bland, cheap reheated food, be left all alone and unsupervised, lights off at 7pm, and showers once a week, live in a tiny room and pay $450.00 per week and have no hope of ever getting out.
    Oldchick
    22nd Jul 2019
    11:29am
    Totally agree with you Janus and Chooky. I’m sure the people who voted for this lot of incompetents looked at the biased press headlines and never looked beyond that to realise pensioners are living poor and the economy was in dire straights. They believed all their lies about being in surplus - not - and not likely to be any time soon. Recession yes, already technically there. All those worried about what they were going to lose in franking credits are probably much worse off now the interest rates have dropped so far, and not finished yet. Tell me the Government had no idea that was going to happen, as the pigs fly off to put their snouts in a public funded lunch trough somewhere today. Meanwhile pensioners all around this country are wondering how they’re going to pay their bills or buy a basic loaf of bread or milk, while sitting in the cold too scared to put on the heater.
    sunny
    22nd Jul 2019
    11:46am
    PAXD. A real please explain this one. Seems you are smug about the free rent.
    Please explain.
    TREBOR
    22nd Jul 2019
    12:32pm
    There's always one joker in every pack....
    Mad as Hell
    22nd Jul 2019
    12:23pm
    The spin for the changes to the 2017 Assets Test was based on lies and broken promises.
    I’ll never vote LNP or Greens in any election be it Federal, State or Local.
    TREBOR
    22nd Jul 2019
    12:33pm
    Nor I - and nor will I ever vote Labor while ever they cling like a drowning barnacle to their social policies, which are really only a disguise for their current elitist betrayal of the common people for their own benefit ...
    GeorgeM
    24th Jul 2019
    9:16pm
    Agree with both - that rules out Liberal, Labor & Greens...Next question is how do we unite the Retirees to get rid of these 3 anti-Retiree parties' MPs?
    KSS
    22nd Jul 2019
    12:47pm
    I agree with Tanker and In2sunset in the article. Spend your savings on your retirement living costs. The kids will be just fine.
    TREBOR
    22nd Jul 2019
    12:58pm
    Tell it to the rich people.... I'm sure they'll line up to do just that...
    Tricky
    22nd Jul 2019
    1:14pm
    This government has ripped off pensioners and part pensioners by $1Bn dollars over the past 5 years, due to lack of appropriate management of deeming rate system which amounts to theft!
    Misty
    22nd Jul 2019
    4:17pm
    And still retirees and pensioners voted them back in.
    GeorgeM
    24th Jul 2019
    9:18pm
    Tricky, add to that the Millions (or is it Billions) being saved from the Asset Test Deeming at 7.8% - both being Retiree Taxes.
    Tricky
    22nd Jul 2019
    1:17pm
    Both LNP, Greens and Labour have all been complicit in the fraudulent 'Deeming Rate' for cash Term Deposits. Not one of these parties demonstrated leadership on this issue and stepped forward to argue that we were been robbed for the past five years!
    Farside
    22nd Jul 2019
    4:34pm
    bit rough to spread the blame on this issue as neither the Greens nor ALP had any power to change the deeming rate in the past five years
    Tanker
    22nd Jul 2019
    1:38pm
    I suggest that those who are pushing for a Universal Pension already are better off than those who are currently on a pension and probably don't need the money. I emphasise don't need but they do want it.
    GeorgeM
    24th Jul 2019
    9:24pm
    Jealous! Don't worry, if you don't unite to go for Universal Age Pension and get Govt out of the habit of using Age Pension as a cash cow to be attacked whenever they want to, your turn will come and soon you will be paid only Newstart say till 75!
    Tanker
    22nd Jul 2019
    1:38pm
    I suggest that those who are pushing for a Universal Pension already are better off than those who are currently on a pension and probably don't need the money. I emphasise don't need but they do want it.
    pedro the swift
    22nd Jul 2019
    2:09pm
    One tale says there are more people coming on to the OAP and another tells us that more e people are now self funded using less OAP. So which is the fact?
    Its certainly a fact that the OAP is not really enough to live above or even on the poverty line no matter what the gov says. I agree that the OAP should be paid to all regardless of assets etc. Get rid of a huge beauracy and it will save more than it costs. Gov. can still tax those earning extra and also need to close ALL business loopholes that are bleeding our tax money overseas.
    I would eliminate ALL deductions of ANY kind and that would allow a huge reduction in tax rates since no need for a huge ATO to police returns. Pay tax as you earn and its done. Keep it simple!
    Captain
    23rd Jul 2019
    9:56pm
    P the S, I have discussed with my Federal MP and it is all too hard for him to understand.

    A rate of about 0.15 cents per dollar on all earnings (business and individual) with no deductions is perhaps about right.

    A pension for all at age 65, however a tax rate of 0.15 cents on super or wages or any earned income, providing they meet work and residency requirements.

    Our national debt would be eliminated in a short while and the $'s saved by fewer Centrelink staff would be enormous.

    Current business tax is approx 0.17 cents in the dollar, with approx $60 billion per year not paid by some of the biggest companies in Australia due to tax loopholes.
    Farside
    24th Jul 2019
    12:25pm
    watch that decimal point Captain ... cents in the dollar or fractions of a cent
    Captain
    25th Jul 2019
    2:18pm
    Point taken Farside. Make that 15 cents in the dollar.
    travelman
    22nd Jul 2019
    4:06pm
    Thoughtful has got it right except for two problems, 1. A government morally unwilling and totally incompetent 2. A Tax Department who totally inept who wouldn't know where to start and also too busy sending debt demand notices to people who don't have a debt. The best bet is to sack the government, put in a new government whose first job is to overhaul the taxation system completely, replacing the 'dead wood' management and putting in a management with usable brains. This would result in a government having plenty of money to meet the needs of the people, increase our economy and have a surplus to boot. What irks me most is we pay their high salaries and then have to tell them how to do the job. If this country was the Titanic we, are very soon, going to sink into an economic abyss.
    Farside
    22nd Jul 2019
    4:42pm
    really, sack the government ... not going to happen this side of the twilight zone. The government has plenty of money, as well as ability to spend more into circulation with little risk if it so chooses. The issue is simply how it chooses to allocate its spending.
    GeorgeM
    24th Jul 2019
    9:29pm
    Good ideas, travelman. Now we just need someone to get a Referendum up and running - I suspect we may get better outcomes than the same-sex marriage plebiscite! Let's scratch our collective minds! Firstly, we need a Sponsor...
    Misty
    22nd Jul 2019
    4:19pm
    Scomo said an emphatic "NO" to changes to Newstart.
    Tricky
    22nd Jul 2019
    6:45pm
    SCOMO said 'NO' after consulting with cabinet in prayer meeting! GOD said 'NO'.
    Misty
    22nd Jul 2019
    4:24pm
    The surplus is the be all and end all of this govt, nothing must get in the way, so no changes to Newstart or thr Pension any time soon.
    Rae
    22nd Jul 2019
    7:19pm
    Aiming for a budget surplus and paying down debt should be what we all aim for.

    I'm certainly not spending anything I don't have to anywhere.
    Farside
    22nd Jul 2019
    10:44pm
    Aiming for a budget surplus and paying down debt is a sound objective for households however it is only a tool to be used if and when the circumstances demand for managing the economy.
    rina1213
    22nd Jul 2019
    4:48pm
    It really doesn't matter if the pensions go up 50 or 100 or even 200 !!! as the cost of living is always increasing and more so if we receive an increase !!!!!

    22nd Jul 2019
    5:47pm
    ,totally agree with these comments....look after yourselves in your retirement you have earned it...our kids are well off and earning a darn sight more than we ever did...they spend money like no tomorrow as well. they can live how they like and we do the same.

    Tanker said: “The problem with the Age Pension is that so many view their retirement investments as something to be hoarded to pass on to their children.”

    In2sunset concurred: “Nothing galls me more than hearing seniors talk about how they are scrimping and saving in order to ‘leave something for the kids’. At the same time, I see them complaining about the cost of running the aircon, or the cost of medication.”
    Rae
    22nd Jul 2019
    7:22pm
    Overseas families live together and share the costs. Not a bad idea. When dd we get sucked into this individualism that means the isolated family unit struggles the way we are.

    Families living together and helping one another is perhaps not a bad idea.
    Rae
    22nd Jul 2019
    6:10pm
    Yes reality would be good. Deeming rates the same as the average term deposit rate and perhaps non concessional amounts the actual % not just a made up 10% would be fair.
    Nothing like a bit of truth.
    Tricky
    22nd Jul 2019
    6:46pm
    Indeed, 'Honesty'.
    Tricky
    22nd Jul 2019
    6:54pm
    How is the LNP going to cope with another .25% interest cut forecasted for November 2019.
    How are they going to adjust DEEMING RATES for cash term deposits, not likely!
    Rae
    22nd Jul 2019
    7:23pm
    They will cope nicely. Each fall just pushes the sharemarket and those older bond prices higher.
    BERRYUPSET
    22nd Jul 2019
    9:21pm
    Thanks Y L C for this summary article on deeming rates and pensions!I VE JUST e mailed it to my Federal M.P WITH A SHORT ACCOMPANYING LETTER.
    It would be a idea if others did as well????Simply scroll up to EMAIL THIS STORY FILL IN YOUR M.P.S EMAIL ADDRESS Add your thoughts then press send! They may have to toe the party line But AT LEAST WE ARE LETTING THEM KNOW OUR THOUGHTS best wishes good luck!

    23rd Jul 2019
    9:02am
    Aged Pension is good, and free, I get $1063 fortnight payment and am thankful, and it goes up every year too; I have no complaints at all, I save up to $7000 a year. Costs me nothing for anything, rent, living, etc etc it's all FREE 13 months of the year

    But others here haven't got the capacity to reason that out. ALL you read in these forums is complaining.
    Misty
    23rd Jul 2019
    4:36pm
    Nothing you say here makes sense PIXAPD, it doesn't add up. who gets free rent these days unless they are in prison?.
    Farside
    23rd Jul 2019
    6:08pm
    Misty, fwiw caretakers, house sitters and carers often get rent free accommodation
    Anonymous
    23rd Jul 2019
    9:14pm
    Nothing can make sense to those who no sense
    sunnyOz
    23rd Jul 2019
    11:43pm
    Misty - think we can all seethe one who has no sense - as well as lying. Are NOT 13 months in the year! To say 'costs nothing for anything'...What? - in prison? Got a sugar daddy? Total lies.
    Misty
    24th Jul 2019
    12:22am
    Maybe for a short time Farside but 13 months and everything free, PIXAPD is the one with no sesnse if he/she thinks we are expected to believe this rubbish.
    Anonymous
    24th Jul 2019
    9:33am
    Foolish people who do not know there are 13 months in a year
    Anonymous
    24th Jul 2019
    9:36am
    I should not answer fools according to their folly, but it sure is fun.
    Misty
    24th Jul 2019
    12:13pm
    As I said eleswhere ,why change your name to Anonymous?, you come up in my email inbox as PIXAPD, idendity problems?, don't know who you are?.afraid Centrelink will investigate and take your benifits away/, if you can live for nothing then maybe they will give you nothing.
    Farside
    24th Jul 2019
    12:21pm
    Misty, there are 13 financial months in a year, with a "month" being a four week period. This can be useful for comparison and budgeting purposes. There is also a 4–4–5 calendar that is useful to companies that have to report quarterly.

    Pointless exercise giving oxygen to PIXAPD/Anonymous cryptic comments. These seem to have more in common with attention seeking behaviours than contributing to the conversation.
    Misty
    24th Jul 2019
    12:58pm
    Thanks for that info Farside, as a nursing sister I never studied economics and I think PIXAPD/Anonymous is just trying to see how far he/she can go with this nonsense.
    Life experience
    23rd Jul 2019
    6:12pm
    Im all for the universal pension . Our systems too complicated and does not encourage people to save for retirement. The UK and New Zealand have a universal pension. Not means or income tested. It’s fair with less confusion and constant changes which also effects us planning for the future.
    BERRYUPSET
    24th Jul 2019
    6:58pm
    The bickering and sarcasm that goes on in these COMMENTS section reminds me of those we elected IN PARLIAMENT!lot a hot air and very few POSITIVE ideas!
    LIFT YOUR GAME COBBERS!!!
    Misty
    24th Jul 2019
    8:26pm
    What positive ideas do you have to contribute BERRYUPSET?
    Misty
    24th Jul 2019
    9:56pm
    By the way BERRYUPSET I emailed a YLC topic before the election to various politicians, they were not interested.
    GeorgeM
    24th Jul 2019
    9:38pm
    Local MPs are uninterested and unintelligent dodos, unless you are in a marginal seat. Also, they don't make policy, and Retirees have NOT made themselves a strong voting bloc for anyone to listen to them. Ours simply said "can't afford it" following which they went out and voted for massive tax cuts (stage 3) following annual salary increases for themselves.

    Best option currently is to write to the PM, or the Treasurer who is planning the Retirement Incomes Review, as well as the Opposition parallel people, and the Senate cross-benchers.
    Farside
    25th Jul 2019
    12:01am
    I don't have the impression the PM and his gang of believers are listening, the Opposition is impotent and shellshocked after snatching defeat from the jaws of victory. An easier objective is to persuade enough retirees to work together and target marginal seats in the reps and then elect a few senators to grab the balance of power on the crossbench. It only needs a few thousand votes in a few seats and the government is done and dusted. A Retirees First Party candidate in each state would be enough to stir up up Question Time in the Senate.
    GeorgeM
    25th Jul 2019
    7:59pm
    My suggestion for all to write to relevant people as noted is based on the impending Retirement Incomes Review. Besides that, the petition proposed via YLC can also have significant impact at this Review. It is important that all retirees get together on this and act in their own interest.

    The alternative approach outlined by you didn't get off the ground in the last 2 elections even after the nasty Asset Test changes hit over 400,000 part-pensioners, so while it is logical and can be pursued, it may be hard to achieve.
    GrayComputing
    26th Jul 2019
    10:49am
    NO ASSET TEST FOR A PENSION EVER AGAIN!
    A pension is not welfare.

    Now is the season for discontent, so do something about it!
    It is time to kill off this insane hugely expensive pensioner whacking bureaucracy.

    It is time for all of us (yes that means you) to rant at our MPs and Senators daily to take action for human decency and a huge stress reduction for pensioners

    Most economist say we will save taxpayers money by dropping asset testing because of the massive overheads cost in running Centrelink and the 10,000 conflicting rules.

    Hiring more Centrelink staff will only increase taxpayer’s costs for processing the creeping insane red tape monster system politicians and well paid bureaucrats have created.

    Help scrap it now. Become a hero.

    Even the UK and poorer New Zealand has a NO ASSET pension so it is cheaper and user friendly.

    Why worry that few million$ earners get it too. That is peanuts to them, not enough for a good vintage champagne.

    Do retired and retiring people really look forward and want 100++ visits to/from Centrelink and be part of 3 million waiting queues and lost calls?

    We all (that means you) need to tell our MP and senators every day that these criminal asset tests for a pension must be dropped now.
    MacI
    27th Jul 2019
    7:02am
    For couples on the Age Pension you need to be in the "sweet spot" to get any benefit from the change to the deeming rates. Take for example a couple with $25000 in non-deemed assets, e.g. car and household furniture the "sweet spot" in deemed assets is between $220000 and $310000. A couple with $310000 would receive an increase of about $580 a year and couple with $220000 would receive and increase of $95 a year. The reason for less of an increase at $220000 is that the full age pension kicks in at around $214000.

    The irony is that if deeming rates are raised in the future as a consequence of better interest rates offered by the banks then the pensioners who benefit from the recent decrease in deeming rates could be much worse off. For example if the lower rates was increased to 2% and the higher rate to 4% then a couple with $300000 in deemed assets would be $1860 worse off a year in age pension payments. This is due to the way that the income and asset tests intersect.
    Barbara Mathieson
    31st Jul 2019
    8:11pm
    Australia is no longer the “Lucky Country”!
    It once was , just a few years ago, but now we are very much, an “ inequality “ society...

    Inequality , noun, a divergence within a societal group.

    We see, inequality, all the time don’t we, many don’t want to see it at all!

    Of course there are a couple of Society’s groups who definitely deserve more to live on and we know who they are ; but not all of us agree that they do need more...

    To give these groups more, would put Australia in an even more invidious position financially.

    So what can we do?

    How about we actually start to address this “ inequality “.

    Yes, start at the top, and work down.
    Show something called leadership.
    That would mean ( wait for the howls !) that our Australian MPs ( and others ) who are supposed to work to produce a decent Australia and society would “ take a cut” in order to produce a quality, great country once again.

    This course of action would actually allow these couple of lower income groups to receive a little more financially and not be so unequal wealth- wise.

    Not difficult to do , but not likely to happen I hear you say!

    Oh well, then, I guess, it shows that those at the top don’t really care that we are living in an “ inequitable” society.

    Definitely the demise of the “ Lucky Country “ for most of us ...


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