Government is not doing enough for retirees: YLC members

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An overwhelming majority of YourLifeChoices members believe the government is not doing enough to support retirees.

As the federal election draws closer, YLC members had a clear message for the Government: it must do more to support retirees.

YourLifeChoices asked members a range of questions in the recent Insights survey and we received nearly 8000 responses. The results on whether the government currently did enough to support retirees was emphatic, with 73 per cent stating the government did not do enough. Only 8.5 per cent thought that the government did do enough for retirees, while the remainder of respondents were unsure.

You would be forgiven for thinking that the Age Pension rate was the area of most concern for YLC members, but you would be wrong. While 59 per cent of respondents thought that increasing the Age Pension was an important step for the government to address retirement needs, the overriding area that people would like to see addressed came in the ability to work harder.

Just over 62 per cent of respondents said that they would like to earn more money without reducing their pension entitlements.

The next area where older Australians told us they would like to see additional support had little to do with their hip pocket, with 45 per cent explaining that they would like better access to Centrelink.

This response supports a story YourLifeChoices reported on last month where Centrelink officials said external contractors were giving out the wrong information to clients.

This led to simple problems taking weeks and multiple calls to resolve, with contractors mostly handing calls over to public servants to resolve problems.

One respondent had this suggestion to replace Centrelink: “Set up a separate organisation for retirees with the opposite approach to Centrelink, one that respects those who have contributed to the economy and community all their lives as they should not have to live in fear of a mean government agency as they age.”

Among some of the other suggestions made by YourLifeChoices members were:

  • a universal right to an age pension
  • increased access to seniors’ programs
  • private health insurance subsidies
  • lowering the pension eligibility age
  • a healthcare card for everyone aged 65 and over
  • increasing the voluntary pre-tax superannuation contributions limit
  • financial guidance for single women
  • increasing affordable housing.

What would you like the government to do to better support the needs of those in retirement?

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Written by Ben

118 Comments

Total Comments: 118
  1. 0
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    Absolutely agree! Having recently joined the ranks of being solely on the Aged Pension, I was offered a casual part time job. BUT – after my accountant went through the figures, turned out it simply did not pay me.
    Even driving for a share ride company – with all the extra costs involved, does not pay unless you do it 40+ hours. Which defeated the purpose – I don’t want to work full time now.
    There is NO incentive to work when on the Aged Pension. For a single person, the F/N pension is $926. If I worked 30 hours a fortnight, I would effectively gain only around $11 an hour – and would then have to pay petrol, etc on top. My 16yo neighbor earns more per hour at fast food outlet.
    If they still had the Pensioner Bonus – then yes, I would stay working. But no incentive now. This is a common cry from a large group of singles I am involved with. Would love to work – if they could find some – but too heavily penalised.
    Better off doing the occasional baby sitting, and dog minding….

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      In the old days, a fit pensioner could get a casual job driving a courtesy bus for his local club maybe 16 hours a week. That avenue has been closed as cash in hand is not possible any more. As you say the incentive to be productive has been taken away from us oldies. If you’re a workaholic you can still volunteer to do chores for zilch.

    • 0
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      Agree 100%

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      Absolutely totally agree! I was in similar situation, on Aged Pension, with a casual job. I too had a helpful accountant, and neither of us could reconcile the (small) amount I was getting as part pension. No matter what Centrelink Calculator we used, the amount I was getting as part pension was way too low. And as casual, with wages changing every week, it was a real nightmare.
      I was constantly contacting CL to clarify amounts. Twice they admitted they had made an error (that in itself was a miracle!) and made a small adjustment. What made it more annoying was that CL do not have to give you a breakdown of their payment! So rather than encourage me to keep working, the stress and constant worry about just what income I would end up with, led me to give up working.
      But the final straw was the fear of getting a Robo-Debt in years to come. My brother kept working and was eligible for the (now ceased) Pensioner Bonus Scheme and that was a huge incentive to stay working. Made a huge difference. I agree with in2sunset – if that was still in effect, I definitely would be still working, and paying taxes.
      Not a brass razoo of a benefit in working now.

    • 0
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      From 1 July 2019, both employed and self-employed social security pensioners over pension age will be eligible for the Work Bonus, and able to earn up to $300 per fortnight from work before this income is assessed under the pension income test.

      https://www.dss.gov.au/seniors/programmes-services/work-bonus

    • 0
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      How generous. And those who can’t earn much but saved to support themselves will continue to be totally screwed and robbed of all they have. And if the vile stinking Labor Party succeeds in its disgusting discrimination and theft, they might as well throw their savings in the sea.

    • 0
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      O&W, I agree, it is generous if you are on a pension.

      If the ALP win on after May 18 I for one will not throw my savings in the sea but let me know where and when and I will come and take a photo of you and the sea for your album. No charge. I think capturing the moment you throw your savings in the sea … priceless. Perhaps you could even sell your story to YLC if you were not so full of your own hyperbole.

    • 0
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      My point, Farside, is that the IDIOTS in the Labor Party will make it more profitable to throw savings in the sea than to retain them. I didn’t say I intended to – but only a half-witted moron thinks it a good idea to create such a situation.

  2. 0
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    I grant you – pensioners need more attention to their concerns. But my greatest concern by far is the environment. Pollution, global warming and dwindling resources are an enormous challenge, all exacerbated by the global rise in population numbers. To me, all other concerns are of little real relevance.

    • 0
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      If you have concerns about the environment then you simply have little to be concerned about.

    • 0
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      Of course OG it won’t be the greatest concern in my lifetime, but for those coming after it will be a massive problem. Unless you are one of the climate change sceptics??

    • 0
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      Only though s I will give it is how can I make money out of this con?

    • 0
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      Hi Jenny…. you have every right to be concerned!!! If it keeps going to way that it is the first impact is a huge rise in insurance premiums (which has already happened in northern Australia). Also what has already happened is a rise in the cost of food which will continue to rise as we have more so called 100 year events every five years or so!!! We live in the driest continent and any rise in temperature will result in problems with water again a major concern to the farming community etc.

      The climate sceptics choose to ignore everything and just go on about how this has always happened etc etc etc!!! It always amazes me that the same people go to the doctor, get blood tests, take drugs and use all the more recent technological devices but find it beyond their comprehension to believe the thousands of scientists that are telling us what will happen. We ignore their advice to our peril.

    • 0
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      Thanks Pentop! It seems that many are concerned only about how something will impact on them personally in the here and now, and are unable or unwilling to glimpse the bigger picture. I can see so many problems coming towards us, and those in positions of power simply don’t want to know.

    • 0
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      I see the bigger picture but many others don’t.

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      So do 29% of voters have it as top concern up from 9% last election so this election is much different. If you choose to ignore the issue you do so not so much at your own peril but that of your children and their children and so on. If in doubt then still address the issue as it not worth the risk that you could be wrong.
      OG you def don’t see the big picture …

    • 0
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      Best find a way to stop volcanoes erupting then. They spew more carbon into the atmosphere than an entire continent generates in two decades. And that’s just ONE of the many ways nature generates carbon.

    • 0
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      I wonder how many of those Climate Change sceptics have shares in coal mines. People all over the world are holding protest rallies for action on Climate Change. just look what is happening in London this week.

    • 0
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      Probably have shares in volcanoes too, Misty. They do far more harm than humans can even contemplate.

    • 0
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      Probably have shares in volcanoes too, Misty. They do far more harm than humans can even contemplate.

    • 0
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      I agree climate change is a worry, but NOTHING man can do can stop it. Australia generates less than 1 five-billionth of the carbon nature produces… and guess what? Carbon is essential for life! Shorten is playing a money-grabbing game.

    • 0
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      And electric cars emit more carbon than diesel cars!

    • 0
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      Take a wild guess what country has reduced its greenhouse gas emissions the most? Canada? Britain? France? India? Germany? Japan? No, no, no, no, no and no. All signatories to the Paris Climate Accord!
      The answer to that question is the United States of America. Wow! How can that be? This must be a misprint. Fake news. America never signed the Kyoto Protocol some two decades ago, never enacted a carbon tax, don’t have a cap and trade carbon emission program! That environmental villain Donald Trump pulled America out of the Paris climate accord that was signed by almost the entire rest of the civilized world, and yet US has reduced greenhouse gas emissions the most! Wow!

      Maybe Labor voters should suggest Short-on-brains take lessons from Trump?

    • 0
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      O&W, can you share the source for the emissions reductions information?

    • 0
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      be prepared for huge cost increases after the next if Shorten gets in. he will NOT reveal how much it is going to cost..WHY!!!!!!!!!!!!!!!!!

    • 0
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      If anyone can advise me what difference Australia can make to ‘climate change’ then I will listen.
      When the biggest polluters in the world i.e China, USA and Russia choose to do nothing, the noisy climate change brigade would be better off making their combined noise in the direction of those three world powers. However that could be in the ‘too hard’ box.

    • 0
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      If anyone can advise me what difference Australia can make to ‘climate change’ then I will listen.
      When the biggest polluters in the world i.e China, USA and Russia choose to do nothing, the noisy climate change brigade would be better off making their combined noise in the direction of those three world powers. However that could be in the ‘too hard’ box.

    • 0
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      inextratime, Australia cannot make any difference to climate change. 32% of carbon emissions come from nature. Australia is responsible for .02%. But isn’t it convenient – for some -that the climate change argument gives Shorten an excuse to partner with Tesla to make petrol cars unaffordable and push us all toward the Tesla invention?

      Norway has implemented Shorten’s dream solution, at a cost to Norwegians of $500 million a year – making petrol and parking unaffordable for half the nation and blocking hundreds of thousands from owning a means of transport. And guess what? A huge chunk of the cost of Norway moving to electric cars is being met form the Sovereign Fund, which makes a lot of its money from investing in… wait for it… MINES! Oh how we are being conned!

    • 0
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      BTW. The nation that has reduced greenhouse gas emissions the most successfully is…? UNITED STATES OF AMERICA. A nation that did NOT consent to any of the agreements entered into by Australia and others, and DID NOT impose carbon taxes or emission limits.

  3. 0
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    That is quite a wish list from YLC members. What about a carton of beer a week as well? Also maybe a free walking stick or walker for anyone over 65? I do not think lowering the pension age will float – Labor brought in 67 and in more than 6 years the LNP has not wound it back. But one can wish, certainly. Good luck!

  4. 0
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    All I want from this government is for them to keep their grubby, sticky fingers off my Super Pension Fund. They can’t manage their own money, so I don’t trust them with mine.

    • 0
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      Hear Hear, ex PS. And recognize that self-funding retirees HELP the budget and should be respected and supported – NOT abused and lied about.

  5. 0
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    I agree with in2sunset working on the pension doesn’t pay. I am lucky and get a small pension from the UK once every 4 weeks which gives me a boost and I am unable to work. I also agree with Jenny, but unless we have another world war or every country only allows 1 child per family I can’t see the reduction of population happening. Pensioners spend their money as there is not enough to save and there’s not enough for big things like buying a car or renovating a house perhaps. It’s also a struggle to keep the car you have on the road as it gets older and needs work. I have a cleaner who is subsidised by the government but it still costs $12 an hour. I am alone with 3 cats and I manage reasonably well until I need something that costs a lot. I don’t drink , don’t smoke and rarely go out.
    Yes I think the pension should be raised, look at what the politicians give themselves and they certainly don’t need it. Do they have to save if they want new curtains? Or a recliner chair? Or a vet bill? or a new fridge? Or new shoes? I can’t shop in places like John Martins or any of the big stores, they are too expensive for me. Sorry to rant but theres an election coming up and I can’t see that either big party cares much how the general population manages, not just pensioners but low paid workers and new start people who are probably even worse off. Grrrrr.!

    • 0
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      If you get a UK pension then your Australian pension is reduced accordingly. If this is not happening, be careful or you could end up owing Centrelink a huge debt.

    • 0
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      not a whole UK pension just a small one within the amount one is allowed to earn

    • 0
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      Getting a small one from Europe, C/Link sends me a summary once a year how my foreign currency translated every month, not necessary really as I can see it in my account. My amount (in foreign currency) is frozen and has not changed in 6 years. Should they ever decide to increase it C/Link would be the first to know I am sure.

  6. 0
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    I agree with in2sunset. There is almost no incentive for pensioners to work apart from a pathetic work bonus which permits $150 or so per week before penalties. Make that $20000 per annum without any taxation and it would be a lot more attractive.

    My wife is not pension age so her earnings are counted and deducted against my pension.

    The whole pension/’welfare’ system is designed to keep pensioners in penury. Most pensioners who are able would like to work, at least part-time, but without penalty, otherwise what’s the point.

    As a long term immigrant I am appalled at the various federal governments’ attitude to the aged over the years.

    As for the superannuation scheme, while I heartily endorse the right for individuals to add savings for their retirement, the pension should be a right not a privilege and certainly not welfare! The only people who have majorly benefited from the superannuation scheme are the financial institutions and politicians who have very generous super schemes based on the excessive salaries they have awarded themselves.

    I would like to remind any politician who reads this that the Australian population is ageing, which means an ever increasing voting block of older citizens increasingly disenchanted with parliaments’ apathy and inactivity regarding pensioners.

    As a cab driver once espoused to me in a moment of insight. ‘We get the politicians we deserve.’ Actually paraphrased from a French politician who made a similar statement about 250 years ago. Obviously politics has not matured much in that time.

    • 0
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      So right – I get so sick and tired of hearing politicians rave on how Aged Pensioners can earn $150 a week (for a single) and still get the full pension. I went to a talk in my local town last year with (ex) PM Malcolm Turnbull and he must have raved on for nearly 10 minutes about how the $150 would help boost pensioners income. What they conveniently forget to say is that you then get taxed on both your income, and pension.
      I remember so clearly my very first job in the late 60’s… So clearly. The HR manager sitting the new staff down and telling us how to fill out out Tax Form. We were clearly (sorry – that word again!) told that 7% of our tax would be allocated towards a pension when we retired. When the super system came in in 1992, in my naivety I assumed I would have a nice little amount already in the pot. Stupid me… Found out it had all been stolen, and put into consolidated revenue. Had I not been lied to from my first job, I would have been putting extra money aside. Instead, I lost nearly 25 years. So now have minuscule super (had to take some years off to care for elderly parents), then worked in low paying jobs.
      The pension is a right – not welfare.

    • 0
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      sunnyOz, you will be dismayed to know your pension levy was never credited to your account and paid into Consolidated Revenue well before you joined the workforce. The National Welfare Fund was never anything more than a poorly designed good intention and was a dead horse walking in the 1950s. You were very naive to think you would have a pot of money in super when it commenced; did you ever see a statement showing your pension levy contributions and earnings?

  7. 0
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    Not doing enough?
    First there was the assets test to rob retirees of a pension the rest of the western world gets and we have always been able to get.
    Next comes the attempt to bring the family home into the assets test so that retirees would have to sell their homes and live off some of the capital.
    Then trying to push retirees out of their family homes, downsize and put money into superannuation……..which then reduces any pension they would be able to claim.

    Doing enough? I think this bad bad government has done enough!

    • 0
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      Oh MICK, still pushing the lie about the family home being made a part of the asset test. You are also lying about the government trying to push retirees out of their family homes. What was done was that those who wished to downsize could place a part of the proceeds into their superannuation. Quite a good thing any unbiased, sensible person would think. You’re over the moon about Shorten’s four new taxes covering superannuation I presume?

    • 0
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      Not yet Old Man but if Grattan and ACOSS and the other think tanks who believe saving and investing is very bad get their way then it will be added to the asset test. Nothing surer.

      I can’t see why saving into super for your own future needs tax concessions anyway. It’s just a means to create a huge financial industry making billions from forcing workers to save with that industry i my opinion.

    • 0
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      Grattan, ACOSS and Australia Institute are all demanding the family home be included in the assets test. It will happen, and it will most likely be Labor that does it because (a) all those organizations are left wing and (b) historically it has always been Labor that attacked retirees who had worked, saved, and acquired any asset or continued to earn income.

      Labor introduced means testing. Labor introduced the disgustingly unfair assets test. Labor is killing incomes for self-funded retirees by denying them franking credits. And Labor is driving elder abuse by lying to claim people who get franking credits are ‘rorting’ or ‘greedy and selfish’, ‘receiving a gift’, ‘ripping off taxpayers’. And Labor is lying to claim they are only attacking the wealthy when in fact they are NOT hurting the wealthy at all – but are targeting battlers (including stealing ANOTHER up to 30% of people who already lost up to 30% a couple of years ago and will become the ONLY Australian PAST PENSIONERS (therefore definitely NOT rich) to lose up to HALF their income in a couple of years.

      Bottom line: Labor hates retirees – especially any who work, save and live responsibly. Labor wants all older Australians to be poor and begging.

    • 0
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      O&W, means testing the pension has been around for more than 110 years so even you should have had plenty of time to get over it.

      And if it makes you feel better about your bottom line that Labor hates retirees, it should be reassuring to know that two-thirds of retirees hate Labor so the feeling is mutual.

    • 0
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      It doesn’t matter how long it has been around, Farside. It’s still patently WRONG. It’s unfair. It’s detrimental socially and economically. It’s elder abuse.

      And as for retirees hating Labor – they SHOULD. So should anyone with a brain when it comes to the current Labor. They are out to destroy this nation and everything it used to stand for. They are immoral, indecent, dishonest, and discriminatory. The LNP is almost as bad, but not quite. We need BOTH PARTIES abolished forever.

    • 0
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      Farside, war, killing and taking other people’s land and property by force has been around for hundreds of years. I suppose you approve of that on the same grounds?

    • 0
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      O&W, WE don’t need the ALP and LNP abolished, that is your bandwagon and free choice will ensure that you your ilk will be long gone before that eventuality comes around. Each of the majors is slowly becoming less relevant and losing support but people are entitled to their democratic views. Try to learn a little tolerance and life may become less sad and miserable.

      You are on a spiral into your own lonely special kind of madness. Only you would equate means testing of pensions with war, killing, and acquisition by force. Take a chill pill and stay away from sharp objects until you can make an appointment with your therapist.

    • 0
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      It was you who justified means testing by saying it has been around for hundreds of years, Farside. That’s about as stupid as saying something is automatically wrong because no other country does it. My point was that time doesn’t make anything right. Intelligent people seek to improve on the past, not use it to justify a bad policy. And yes, we DO need both major parties gone, because neither care about Australia or Australians.

      As far as equating means testing with taking property by force – it’s actually VERY similar. Means testing is using the force of law to steal the savings of select groups of people.

    • 0
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      It was you who justified means testing by saying it has been around for hundreds of years, Farside. That’s about as stupid as saying something is automatically wrong because no other country does it. My point was that time doesn’t make anything right. Intelligent people seek to improve on the past, not use it to justify a bad policy. And yes, we DO need both major parties gone, because neither care about Australia or Australians.

      As far as equating means testing with taking property by force – it’s actually VERY similar. Means testing is using the force of law to steal the savings of select groups of people.

    • 0
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      O&W, there is no need to verbal me. I did not justify means testing by “saying it has been around for hundreds of years”. I said, and you can scroll up, but I shall repeat here for your ease and edification – “means testing the pension has been around for more than 110 years so even you should have had plenty of time to get over it.”

      I am beginning to understand that perhaps your problems begin with comprehension rather than ideology. The means test was introduced in 1908 in Invalid and Old-age Pensions Act. 1908-1912 and neither it or subsequent legislation has been intended to using the force of law to steal the savings of select groups of people. Rather it was to prevent payment of pensions. Naturally the tests have changed over time but don’t let the facts get in the way of your story.

      http://guides.dss.gov.au/guide-social-security-law/4/10/30
      https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BN/0910/ChronSuperannuation

    • 0
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      I did not ‘verbal’ you, Farside. I said justifying means testing by referring to time was as stupid as deeming something automatically wrong because other countries don’t do it. I was referring to a statement being stupid, not a person. Perhaps its you who has poor comprehension? I certainly do not.

      I am well aware of the history of the pension and means testing. Nothing is made right by time or history any more than it’s made right by others doing it. And whatever the original purpose of means testing, Labor is now using it to steal savings from selected groups of people it dislikes. And even without Labor’s vile policy, it IS being used NOW to deprive of favour people unfairly and to cause social and economic distortions. It IS NOW being used as means of using the force of law to steal the savings of select groups of people. The history isn’t relevant. This is the problem with our society. Politicians can’t think NOW AND TOMORROW, but lazily and mindlessly reverse past reforms with no attention to the broader range of consequences of doing so, much less to the BENEFITS they delivered and could continue to deliver, though perhaps needing modification to address negatives that have become apparent.

      I have never heard a clearer admission of incompetence than the Labor Party’s excuses for changing the franking credit rules. “No other country does it’ (well maybe no other country is smart enough – but no other country means tests pensions or has our tax system either!) and ‘We can’t afford it anymore because the cost has blown out’ (and you are too inept to address the blowout without a massively harmful but lazy reversal of the entire reform?) These statements just scream massive incompetence and laziness – unless of course they are just peddling excuses for doing something that has nothing to do with their stated economic goals but is really for filthy hidden political reasons.

  8. 0
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    Not a thing on that list concerns me at all.

  9. 0
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    Universal pension from 65 on as per most developed countries. No more assets, income or deeming tests, 99.9% rort free. no robo debt, minimal administration cost saving millions possibly billions.
    If one still requires assistance then they apply for welfare.
    All retirees & pensioners will pay tax on appropriate incomes from working, super, income streams etc etc.

    • 0
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      It is a simpler system, takes away the huge complexity that it’s morphed into that even so called Centrelink experts can’t agree on the interpretation of legislation most of the time.
      The LNP, ALP, Greens etc can’t see that or have the balls to introduce it.
      All our politicians are pathetic & blinded by greed & power

    • 0
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      Wouldn’t need the tax concessions for super and that would easily pay for a universal pension.

      Other savings would then be encouraged rather than discouraged and also the upgrading of home after home over decades would become unnecessary as the only way to save without missing out on the income and benefits non savers receive.

    • 0
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      Not good for the rich, and the pollies and their mates are rich, so the greedy bastards will never even contemplate the idea.

  10. 0
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    Cease ripping off, victimising and prejudice against self funded retirees !! Maybe an enterprising law firm could look at a class action for this sector of the aged population ??

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      Class action is already to go if Labor doesn’t refund franking credits to self funded retirees and SMSFs.

    • 0
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      As a SFR, I don’t put Franking Dividends high on myy list of problems.

    • 0
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      Thats great; re. where you said “Class action is already to go”
      Would you know which law firm is running that ??

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      With a few adjustments the non return of franking credits wont have any effect on me now either.

      But thanks to all the buybacks and special dividends I have collected this year I will get a decent refund cheque this year.

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      A friend of mine who works for one of those law firms that does class actions has told me that they have enough information to take it to the high court if required.

    • 0
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      Thats great OG; re. where you said
      “works for one of those law firms that does class actions has told me that they have enough information to take it to the high court”
      Would you know which law firm is that ??

    • 0
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      Yes I know which one it is but I’m not at liberty to tell.

    • 0
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      OG, does the franking credit thing even affect you or are you just jumping on a band wagon for LNP to help get them back in? Don’t bother saying you care because no one believes that. You see a chance to muster support for the LNP and that is the story!

    • 0
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      OG is full of the proverbial. Class action against the government my arse. The government only needs to pass legislation to stop any class action. ROFL.
      Get rid of FC’s, stop the rort of negative gearing & make the national & multinational companies that haven’t paid any tax on profits for years pay their share including those millionaires reported recently that haven’t paid one cent in tax

    • 0
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      The selfish and unfair are at it again. Persecute people who save and invest responsibly in Australian companies.

      I sincerely hope OG is right – and definitely there SHOULD be a class action if Labor continues with this disgustingly discriminatory abuse. Although many are confident they won’t have a hope in hell of getting their legislation through the Senate in its current form. Certainly on Senator with an ounce of human decency or concern for the economy would approve it as is.

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      The SFRs would be advised not to hold their breath waiting for OG’s class action; never gonna happen. It simply requires legislation to repeal Howard’s amendments and it will be all over bar the shouting as the Senate crossbench won’t fight to retain it.

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      God help us all if that’s the Australia we now live in Farside. How disgusting and vile that selfish, greedy, inhuman monsters can actually approve of stealing 50% of someone’s hard-earned retirement income to hand to bludgers, cheats and manipulators, while those who worked and saved to ensure they could meet their own needs in old age are ground into hardship. Never in my life have I seen such disgusting and sickeningly inhuman behaviour by fellow Australians. This used to be the land of the ‘fair go’, Now it’s the land of immoral thieving scum take all and make working a crime.

      Self-funded retirees should have been exempted rather than pensioners – who are already GUARANTEED a secure, regularly increasing income from the taxpayer purse, PLUS their investment returns. SFRs get NOTHING and suffer huge risks, management costs, and often reductions rather than increases unless they are very lucky. They DESERVE some help to continue saving the taxpayer money. Only a blithering idiot thinks it better to tax them onto pensions.

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      O&W, SFRs survived without franking credit refunds before 2001 and have enjoyed them since. If they go then they will make new investment choices however regardless what happens they do not deserve to have their choices subsidised or guaranteed by the government. There are already too many instances of privatising gains and socialising losses.

      I suspect God will do little to change the “disgusting and sickeningly inhuman behaviour” in Australia however if faith rocks your boat then go for it. Do you think your God would approve you labelling half the population as “selfish, greedy inhuman monsters” and “blithering idiots”? What have those receiving social security done to deserve being uniformly labelled “bludgers, cheats and manipulators”?

      One good thing about YLC providing you with a platform to spew your bitter and twisted views is that it increases awareness that intolerant, selfish and divisive folk like you are out their in the community spreading FUD.

      Perhaps consider emigrating for better life elsewhere and to preserve your mental health instead of spending your remaining months and years fuming in the “land of immoral thieving scum”.

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      Farside, interest rates were much higher before 2001. Retirees were able to get decent returns for cash. The assets test was also not nearly as harsh. And self-funded retirees’ choices are NOT SUBSIDIZED BY ANYONE YOU FOOL. They are being repaid THEIR OWN MONEY THAT WAS TAKEN IN TAX. And YES, they DO deserve help. Pensioners get TRIPLE benefits. Only greedy scum would suggest others are not entitled to the retirement they worked their guts out to EARN. Why do pensioners deserve TRIPLE handouts while self-funded retirees are ripped of with 30% tax just for trying to manage their affairs so they do not have to ask taxpayers to support them.

      It’s not me that divisive or greedy. It’s folk like you who claim superior entitlement to handouts funded by theft from folk like me who worked and earned my retirement.

      What have those on social security done to deserve to be labelled ‘bludgers, cheats and manipulators’? Bought expensive houses. Taken expensive holidays. Indulged themselves instead of saving. Gifted to their children. And then turned on the self-funded and called them ‘selfish’ for expecting to be allowed to retain enough of their income to fund a modestly comfortable lifestyle. Basically, just what you are doing now. Supporting blatant theft, gross unfairness, and disgraceful elder abuse – being selfish and greedy, denying others a few thousand refunded tax while you take take take and claim entitlement.

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      O&W, it was you who said “SFRs get NOTHING and suffer huge risks, management costs, and often reductions rather than increases unless they are very lucky. They DESERVE some help”. How is this help given if not by subsidising your investment activities. You cannot have it so your wins are yours but your losses are ours.

      You are wrong to think I claim “superior entitlement to handouts funded by theft from folk like me who worked and earned my retirement”. I am yet to receive any handout so whose greedy now? Where is my entitlement, indeed what have I been missing out on?

      I know many pensioners who seem to be quite different to those in your circles. They do not “live in expensive houses”. They do not “take expensive holidays” (or indeed any holidays for when you get down to it). They have not “indulged themselves instead of saving” unless you consider spending on mobility aids, a fridge, basic tv, three meals/day etc an indulgence but yes these would be luxuries to someone living out of their car or under a bridge or starving. But you double down on calling them “bludgers, cheats and manipulators” … I don’t think so and perhaps you should realign your centre before calling them out. And you call me the fool, you’re a riot. Must be gnawing at your black soul to think dignity for these pensioners represents elder abuse.

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      In regard to where OG said
      “”
      works for one of those law firms that does class actions has told me that they have enough information to take it to the high court”
      Old Geezer 18th Apr 2019
      Yes I know which one it is but I’m not at liberty to tell
      “”
      That was a dodgy cop-out ” !!

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      Farside, I said SFRs ‘deserve’ some help, and they do. I did not say they get any, and they don’t. All they get is abuse and false accusations, and nasty sneers from ignorant fools who call them ‘wealthy’ and claim they are ‘rorting the tax system’.

      I also know a pensioners who don’t take expensive holidays or indulge themselves – but they DID earlier in life. I know a tiny handful who were disabled such that they genuinely couldn’t save for retirement, but that is a VERY tiny handful. Very few will admit it, but anyone from my generation who worked and lived responsibly COULD have saved for retirement. I certainly had no ‘luck’ or opportunity and plenty of major challenges. And as for sleeping under a bridge or in a car… there are just so many options to do better than that! Anyone in reasonable mental health and having a modicum of personal pride can find a decent bed and roof. There are farmers crying out for helpers and families desperate for household and childcare help – unable to pay a wage but delighted to offer a clean bed and use of facilities and generally food as well.

      The reason I want to preserve my savings is because I have a seriously disabled grandson who will be among that handful of GENUINELY needy if my savings go to prop up others, and there’s no way the State is ever going to give him what I can give him. But no, I am subsidizing greedy people who live in two-million dollar houses and gave millions to their kids. I am subsidizing people who tripped around the world and have two new cars in their garage. And I am subsidizing people earning $200,000 a year and getting a 30% tax break on their superannuation contributions and income. And your beloved Labor Party wants to tax me 30% on an income LESS than the pension because I saved LESS than pensioners are GIVEN over the term of their retirement.

      There are hundreds of ways to raise more money for the genuinely needy other than cheating and depriving struggling self-funded retirees, and any competent politician would be looking at PROGRESSIVE strategies rather than stupidly reversing a past reform that was highly beneficial, but may have incorporated flaws and need some sensible adjustment.

      Labor is declaring itself inept. LNP was inept reversing the assets test change. Labor is inept reversing franking credit reforms. We need to abolish these two lazy inept parties and elect politicians who can be FORWARD thinking, analyse a situation, define REAL problems and fix them with constructive and PROGRESSIVE reform, not lazy, sloppy, reversals of past social and economic improvements.

      A major inquiry highlighted massive problems with Labor’s policy, but instead of acknowledging that it’s wrong and looking for ways to fix the problems, Labor and it’s supporters justify wrong with massive lies and continue a vile attack on those it hurts, abusing them in ways we have rarely seen in this society. Labor can’t even tell the truth about their figures – that they are grossly exaggerated because they claim to be targeting people with more than $2.4 mil and they won’t get one cent from them because the LNP got to them first – with a PROGRESSIVE AND FORWARD THINKING policy rather than one that unfairly attacks battlers.

      If Australians stopped their idiotic ‘football team loyalty’ to parties and started analysing policies and standing up for what is RIGHT AND GOOD FOR THE NATION, and demanding parties refrain from implementing bad policy – supporting those who are threatened with unfairness – we might have a hope of getting this nation back on track. But it will be destroyed by apathy, selfishness and greed. And today’s age pensioners are the worst of all when it comes to apathy and selfishness.

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      O&W, I empathise with your motivation for keeping your family savings but realistically government policies are not set up to cater for every unique set of circumstances. This is why as a society we need to ensure there are adequate safety nets with checks and balances so the vulnerable do not fall through.

      Are you aware of disability trusts for providing long term care and accommodation needs for a family member with a severe disability? Potentially this could eliminate one of the causes behind your angst and provide you with options better able to cope with proposed and actual regulatory and legislated changes. A disability trust can give you a gifting concession up to $500k and an assets test assessment exemption of up to $669,750 (indexed 1 July each year).

      https://www.humanservices.gov.au/individuals/services/centrelink/special-disability-trusts

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      Yes. Farside. I know about disability trusts. and they are no help at all at present because the child is very young and doctors are not yet willing to confirm permanency at the required level of disability, and his parents don’t yet want confirmation because it would disqualify him from other opportunities. The requirements make it extremely difficult. We know there is very little hope of substantial improvement, but I can’t blame his parents for clinging to whatever slim hope exists and fighting to keep all doors open. Medical miracles DO happen.

      As for how government policies are set up – of course they can’t take personal circumstances into account, but they CAN be fair and reasonable to the majority and what Labor is doing IS NOT. They have created a policy that has no impact on the wealthy or high income earners. They have provided a loophole for selected people who have relatives in accumulation phase with sufficient savings to join an SMSF and soak up credits. They are exempting wealthy pensioners – even excluding individual retirees with incomes of close to $80,000 a year, while attacking savers with incomes well below the aged pension and very limited savings. Clearly, there is absolutely no truth in their claims of chasing budget savings by taxing the well off. They are attacking a select group of people who are NOT well off and have no reasonable options and who will suffer serious unfairness.

      If they had any sincerity whatever, there are a dozen far fairer and more economically viable options for raising more money. Taxing superannuation FAIRLY is the obvious. Though I disagree strongly with means testing, making it age related is another that would make far more sense – as a 95 year-old with $500,000 is obviously far, far, far wealthier than a 67 year old with the same savings. Letting younger retirees retain more would help ensure they had savings remaining when they need them most.

      Please stop excusing the inexcusable and admit the policy is disgusting and the claims being made to try to justify it are BLATANT LIES.

      If that’s the best this inept mob of union gangsters can do, they should be put before a firing squad – not given the keys to destroy the nation.

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