4th Jun 2015
Budget affects retiree spending
Budget affects retiree spending

According to the independent news and analysis website The Conversation, retirees are changing their spending habits in response to the 2015/16 Budget – in particular, as a reaction to the proposed changes to assets test thresholds.

There are many accounts of retirees ‘spending up a storm’ despite the fact that research shows that most pensioners usually live quite frugally. According to the Association of Superannuation Funds of Australia (ASFA), many pensioners actually live below what is considered the ‘modest’ retirement standard of $23,469 for a single and $33,766 for a couple who own their own home.

Under the proposed 2015/16 Budget changes, retirees who do not own their own home will be better off from an increase in their threshold to $200,000 over those who own their own homes. Homeowner couples will not receive a pension if their assets exceed $823,000, and could have a lower living standard than homeowner couples with only $375,000 in savings.

So, contrary to typical advice given to many retirees, several financial advisers are proposing that part-pensioners now re-invest their superannuation savings into upgrading to a more expensive family home in order to bypass the limitations that will occur under the proposed asset test changes.

 “Clever people can work out how to get around Scott Morrison’s new pension rules,” financial analyst Ross Greenwood explains. “Just before you reach pension age you buy something that is not subject to the assets test. That something is a new house.”

“So in this case the people with $800,000 sell their current home and buy a new home that is $400,000 more expensive, so they reduce their assessable assets to $400,000,” Mr Greenwood continues. “And they get a 75 per cent pay rise in retirement.”

This means we may see a swathe of retirees investing in new homes, with retirees selling off income producing assets, such as stocks, in order to do so. The apparent change in retiree spending may see potential government revenue gains, that would otherwise be derived from the proposed asset test changes, estimated at $2.4 billion over five years, dissolve completely.

Read more at The Conversation.

Read more at www.propertyobserver.com.au

Read more at The Daily Reckoning.

Opinion: Retirees wise to changes

Wealthier retirees, it seems, have wised up to the fact that the 2015/16 Budget changes are more than likely to deliver benefits to the less well-off but not so much for those who have accumulated some assets in their lifetime.

With asset free areas set to rise from $202,000 to $250,000 for single homeowners and from $286,500 to $375,000 for couple homeowners, and the asset test taper rate doubling from $1.50 per fortnight ($38 a year) per $1000 to $3 per fortnight ($78 per year) per $1000, it’s no surprise that some pensioners will invest their retirement savings into property, or spend on big ticket items such as extended overseas holidays, rather than have their hard-earned cash chipped away by taxes.

Any income derived from savings will be heavily taxed, meaning there is less incentive to save, especially considering that term deposit return rates are currently only slightly higher than the rate of inflation.

Of course, the risk of investing in property at the moment is that the housing bubble may well burst, leaving retirees with a dud investment. And considering the current state of financial advice in this country, can retirees actually trust the counsel of financial advisors?

It’s a rocky road to travel, to be sure, but hopefully, once the proposed changes actually occur, more information and sound, trustworthy advice will become available in order to help retirees make the best decisions on how to spend, or invest their retirement savings. In the meantime, whilst the powers-that-be figure it all out, maybe a holiday is a good idea.

What do you think? Will the proposed changes to the assets test influence the way you spend your money? Do you have any suggestions for how the government can attain a more effective pension and superannuation system?





    COMMENTS

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    MICK
    4th Jun 2015
    10:23am
    There is a fine line between wealthy and average and fairness and abuse.
    Whilst my wife and I will get no government pension despite having paid taxes and being an average taxpayer for many decades we will do our best to make ends meet.
    Upgrading to a more expensive house in an overheated market is certainly not going to be one of our options though maybe moving overseas will be. Having just returned from a world trip we were amazed how cheap property was overseas and how cheap it was to live in some of the nicest first world countries on the planet. Given the deadbeat governments owned by vested interests, rather than the country, it may be time to make the move before decades of corrupt behaviour and bad management finally come back to bite an unsuspecting public which lives in the hope that she'll be right rather than reality of what is being done to this fine country.
    Paulodapotter
    4th Jun 2015
    4:50pm
    I have to say Mick, that your sentiments are becoming more attractive, the more I travel. I already have a cousin who spends more time living overseas than he does here and loving every minute of his time away. When he gets back, he can't wait to be off again.
    MICK
    4th Jun 2015
    5:13pm
    We have toyed with renting out the house and travelling full time. It is attractive.
    Pass the Ductape
    5th Jun 2015
    6:08am
    Are you suggesting Mick, that after seemingly 'doing well' in this fine country and not having to rely on a pension to survive in retirement, you are now contemplating abandoning the ship to spend your 'hard earned' savings overseas?

    Somehow, that doesn't seem to cut it for me, but appears typical of the attitude of many people in Australia. They have managed to 'do well' from - lets face it - exploiting the many opportunities and benefits Australia has offered in the past - but now want even more?!!
    MICK
    5th Jun 2015
    10:27am
    The issue is whether governments in this country intend cannibalising people who have worked hard and sacrificed all most of their lives. That pretty well describes my wife and I and we do not lament about not getting a pension even though we contributed all of our lives.
    The issue is are we to not get a pension and then by a target again. I can see Estate Duties coming and perhaps more. So why would we not look into options?
    Radish
    5th Jun 2015
    3:32pm
    Congratulations Mick...you are self supporting yourself (even though you paid taxes all your working life). Good on you.
    Hope you enjoy whatever you do :).
    Batara
    7th Jun 2015
    2:13pm
    Mick, good on you if you worked hard and sacrificed all your life. Unfortunately many who make that claim, and I am not saying this applies to you, were born into well to do families and have worked hard at occupations that never require one to raise a sweat. Investing money into property or similarly lucrative "hard work". You are under a misapprehension that paying taxes as contribution to an aged pension. This is a common misunderstanding, but the truth is there is no subscription to get an aged pension - the pension is there for people who could not afford to live other wise. I do not qualify for the pension, but I am not whingeing. I get a defined benefits superannuation for service in the armed forces. Yes I did raise a sweat on many occasions.
    Batara
    7th Jun 2015
    2:18pm
    Mick, good on you if you worked hard and sacrificed all your life. Unfortunately many who make that claim, and I am not saying this applies to you, were born into well to do families and have worked hard at occupations that never require one to raise a sweat. Investing money into property or similarly lucrative "hard work". You are under a misapprehension that paying taxes as contribution to an aged pension. This is a common misunderstanding, but the truth is there is no subscription to get an aged pension - the pension is there for people who could not afford to live other wise. I do not qualify for the pension, but I am not whingeing. I get a defined benefits superannuation for service in the armed forces. Yes I did raise a sweat on many occasions.
    disillusioned
    4th Jun 2015
    10:40am
    I am 71, worked until almost 70, live on my own in a modest home unit, and am disgusted with the proposed changes to the upper limit to assets to get the part-pension (aged). For heaven's sake, what does a million dollars get you in today's market, with the way we're selling off the country to foreign investors? After years of careful saving and paying taxes on my wages, I am currently just under the limit for the part pension, mainly because I have put extra into my super fund which has performed reasonably well and I draw down the minimum amount. But Abbott and Co. are bent on destroying a reasonable way of life for aged retirees like me, whilst protecting their precious Pollies' Perks (expecially good ole Double-Dippin' Hockey living in his wife's house while claiming living-away-from-home allowance in Canberra). Who'd have thought that Abbott would chuck out all his pre-election promises and crack down so hard on the old, the sick, and the vulnerable of our society? Me trust his word and vote Liberal again? Not on your nellie!!!
    MICK
    4th Jun 2015
    11:24am
    I think that the ballot box needs to be used sensibly. Vote for the best Independent you have in your electorate and send both sides of politics an unmistakable message. Sadly Australians have been conned that only the 2 major parties can bring good government. This is the biggest con sold to us all and is untrue. Your call.
    Peterrj
    4th Jun 2015
    9:23pm
    Disillusioned and Mick, can I suggest that you both vote for the a Greens in the next Federal Election. Then you will see social justice ... But perhaps not the one you want? Don't vote for the Libs ... LOL and the see what you get!
    bookwyrm
    5th Jun 2015
    6:36am
    Totally agree with you, Disullioned!
    MICK
    5th Jun 2015
    10:29am
    If the Greens were not pushing homosexual marriage and the ridiculous notion of taking every person who shows up in a leaky boat I would be happy to give them my vote. As it stands these 2 issues rule them out.
    Bes
    5th Jun 2015
    6:37pm
    How did we get into our present situation?
    When the Coalition showed their true colours we elected the ALP.
    When the ALP showed their true colours we elected the Coalition.
    When anyone suggested to YOU that both parties were only seeking power and that neither side were looking out for YOUR best interests it seemed to YOU that they were crazy.

    But the REAL definition of CRAZY is doing the same thing OVER and OVER again hoping for a DIFFERENT result!!!
    MICK
    5th Jun 2015
    10:27pm
    Maybe my suggestions that voters send a message by voting for INDEPENDENTS is starting to sound logical. But lets not give this government any preferences so please ask or find out where the preferences are going before you cast your ballot. I have already seen what appears to be a few bogus parties crop up which are little more than votes for the Liberal Party.
    Adrianus
    6th Jun 2015
    8:06am
    mick, do you think it's possible Independents could have their own party one day?
    MICK
    6th Jun 2015
    8:21pm
    Maybe. The real beneficial result would be that Liberal and Labor Parties could not continue to behave like irresponsible adolescents and then sting average Australians to pay. That would be something.
    Adrianus
    7th Jun 2015
    3:04pm
    So if that becomes a reality would you then advise us to vote for the Independent Independents rather then one of the 3 major parties? Or maybe the new Independents will be called something else?
    Commentator
    4th Jun 2015
    10:52am
    I have no super, so I downsized to make some cash available for health insurance and some other comforts. That was 8 years ago I now stand to be taxed for my efforts. If were to repeat the exercise now I should be looking for a very different out come. Joe will have only snared the current 260000 of us. Know one will go down that path now.
    Patriot
    4th Jun 2015
    12:00pm
    Commentator
    Is "Up-Sizing" now an option?
    Patriot
    4th Jun 2015
    11:02am
    This certainly stimulated the current (!!!) economy.
    As it makes the govt look better economically going into an election was this what Joe was after???
    Or was he not quite that smart???
    MICK
    4th Jun 2015
    11:25am
    About time people wised up. They won't.
    Tomaso
    4th Jun 2015
    11:04am
    Totally agree Mick, if I could persuade my wife to go like you, I would move to elsewhere, and live nicely, not like here, the lying pollies are getting more and more blatant at screwing us whilst they are all comfy in their little world for the rest of their lousy year's that we have to pay for. Get rid of them all I say, and put some that are decent and care for the country....
    MICK
    4th Jun 2015
    11:28am
    The only thing keeping us here is the kids....but we are starting our research in earnest before the boat sinks. The trouble with the electorate is that people live in the hope that things will get better. And just like the lobster in the pot they will only discover that its all over when it is. Hope is wonderful but reality is better.
    Tomaso
    4th Jun 2015
    11:31am
    Mick, talk about boats, we are the in the same situation as yourself, sadly, I have been looking into it too, and I reckon its viable as I think its too late hear with the two party's, we lose out which ever way you look at it.

    4th Jun 2015
    12:01pm
    A couple of you people who want to move overseas there is a good web sight called " The Escapologist they have some good advice and ideas on cheap overseas countiries to live in.
    Anonymous
    4th Jun 2015
    12:17pm
    Type "live cheaper overseas" in your search machine and the Internet will bring up loads of info for you. Some are very tempting options.
    MICK
    4th Jun 2015
    12:28pm
    Saw that one but all they are promoting is countries near the equator. Great for banana benders but will not work for us. Europe is more the go.
    Virginia
    5th Jun 2015
    8:25pm
    What a joke these escapists will soon realize where they are better off
    Patriot
    4th Jun 2015
    12:07pm
    Whilst I can understand the attitude to "Leave the sinking ship" I would like to remind us all about a few small issues:
    a) It (collectively) happened on our watch and is it fair to "bail Out" now rather then "Stand & Fight" finally?
    b) What about our kinds & Grandkids.
    Do they deserve better and should this "Oblige us" (who collectively) were asleep enough to allow this deplorable situation to develop now to remain here and help resolve it?
    c) I came here from Western Europe many years ago and "Bought ???" an additional 40 years or so "relatively unrestricted" freedom.
    The wheels of the Banksters are turning much faster currently and what ever countries you guys are thinking about will be subjected to "The joke of Slavery" sooner rather than later.
    Ask yourself, how many years freedom will you buy???
    What about those who you leave behind???
    MICK
    4th Jun 2015
    12:36pm
    I understand your concerns about family. And yes the banksters and the rich are intent on owning the world. The issue is that there are countries where there is freedom and where a wonderful house and existence can be had for much much less than Oz with its highly over inflated house prices and cost of living.
    Surely the issue for retirees is about having a decent retirement rather than the one the current big business owned government is lining up for us all.
    Whilst I have been a fixer of problems all of my life I do not believe that the problems we have in Australia are fixable because most Australians are too busy working/having a good time to notice that they are being done over. Whilst the attitude is that somebody (else) will fix our country we all remain the lobster in the pot being slowly cooked until it is too late.
    As I keep crying out in the wilderness: the only saviour will be if people VOTE INDEPENDENT en masse. They won't so nothing is going to change.
    Paulodapotter
    4th Jun 2015
    4:54pm
    I think the independent vote will continue to increase. Disallusionment with current politics is endemic and expanding.
    MICK
    5th Jun 2015
    10:29pm
    A trend around the globe because the 2 party system is not working. We are not alone.
    micko
    4th Jun 2015
    12:09pm
    Yep, flight is booked and I'm off for a few months.
    MICK
    4th Jun 2015
    5:21pm
    Give me a few weeks to recover and I'll join you. Where to?
    micko
    4th Jun 2015
    8:52pm
    Winter escape in Thailand Mick.
    MICK
    4th Jun 2015
    9:17pm
    Thanks but not my climate zone. Enjoy.
    bookwyrm
    5th Jun 2015
    6:42am
    Unfortunately that avenue of escape may be cut off for old age pensioners in the future. LNP ministers have been saying recently that old age pensioners shouldnt be allowed to live on their pension overseas. This evil goverment never stops finding ways to make life miserable for those who aren‘t rich.
    MICK
    5th Jun 2015
    10:42am
    I can kind of understand that governments do not want to see capital flow out of the country. If people live overseas en masse then this is what would happen. But then many older people who move to Australia get a pension from their country of origin.
    With a change of government I am sure that the attack on pensioners will end.

    4th Jun 2015
    12:51pm
    Having finished mowing the lawn and having a shower, I sit down and read the above comments which I find very sad in regards to the plight of this country and it's elderly citizens. We all seem to have believed in the Protestant Work Ethic and conducted ourselves accordingly prior to retirement, and are now being terribly let down by the government. But, what deepens this sadness even further is the God-awful truth in what is being said. Things have to be pretty crook when people in their later years start to think about moving to another country because of economic conditions. God help us.
    Paulodapotter
    4th Jun 2015
    5:03pm
    I thing our country has lost its pathos and concern for fellow human beings. It seems we are being held together with false hope and ignorant fear. It's hard to feel proud of our heritage when we see the cruelty we inflict on others. The examples our leaders set creates a cultural attitude that promotes a sense of hopelessness and depression I can detect among some of our bloggers. My advice for what it's worth is to become more angry and vocal. Demand our leaders to change, to pursue a more virtuous approach, to stop promoting fear and start making a contribution to our society rather than tearing the heart out of it through draconian cutting, ripping and tearing up the fabric of this country. We need builders, not a demolition crew!
    Anonymous
    4th Jun 2015
    5:13pm
    Paulodapotter, see my comment below (2:14 P.M.).
    Radish
    4th Jun 2015
    12:57pm
    We will continue on as we are and will not be "re-arranging" our affairs in any way shape or form.
    Radish
    4th Jun 2015
    12:59pm
    People who upgrade to a more expensive home incur higher rates and insurance charges as well.
    MICK
    4th Jun 2015
    1:25pm
    You are correct Radish. The system is against you in some ways. Ignoring the issue is of course how some Australians end up living in abject poverty. She won't be right!
    Radish
    5th Jun 2015
    3:34pm
    Paul Clithero has a good artile on this site and the main thing people need to do is "plan for their retirement" most do not.
    Jules
    4th Jun 2015
    1:35pm
    I think we will spend it on our home. Perhaps a Granny flat, Electric gates, Solar and perhaps even a plunge pool. Then when we are a lot older one of our grandchildren can live in our home and us in the granny flat then they won't need to save for a home when we are gone they can have ours then when they have children same thing they live in the granny flat and their children have the home. I voted Libs since I was 22 years old while my poor family voted Labor their whole life. Howard got us all in a mind set to save for our retirement or at least as close as we can get and a lot of us have done that, gone without the new cars and the great holidays over seas and long holidays. Instead some of us worked two jobs and 60 hours a week for 30 years to save for retirement now the Abbott government want to take it away. So guess what ? I'm now not classed as wealthy so next election I am going to start and be a Labor voter. Then perhaps when Labor get back in ill be looked after just like all my friends who will get a full pension that went on the over seas holidays and have seen the world plus bought the new furniture, cars and all the modern cons, while we did without. So disgusted in the Libs now and so ashamed I voted them in.
    MICK
    4th Jun 2015
    1:44pm
    A point of clarification Jules. Howard may have wanted Australians to save for their retirements but he also loaded the dice so that rich Australians had their superannuation tax shelter where they could reduce their tax rate from around 60% to 15%. Howard is also the same person who allowed the Gorgon LNG deposit to fall into foreign hands because he did not have the vision to see its importance. I had shares in the Australian company which owned Gorgon, bought as my superannuation....sold out by Howard and his hammock dwelling treasurer.
    Betrayal is the name of the game but I suggest rather than voting Labor you vote for an Independent whose preference goes to Labor. As I keep saying we need to change the political landscape, not the parties.
    in2sunset
    4th Jun 2015
    6:58pm
    Agree Jules... in same boat. I am single, have scrimped and saved, gone without holidays, new cars, latest furniture, even giving up my expensive hobby, worked 2 jobs - all to save for my retirement. My sister lived it up - always off overseas, new car every 2 years, flash clothes and expensive jewellery, and latest furniture and gadgets. Now I'm the one to get hit? - no wonder my sis is laughing all the way. I gave up so much, and now look at how STUPID I was. So sick and tired of politicians seeing super as their own little play toy, to toy around with OTHER people's retirement. After all - theirs is paved in gold.
    Anonymous
    4th Jun 2015
    8:16pm
    Yep! I'm regretting all the years of going without to save. My sisters-in-law put all they earned through the pokies, and now they will be better off than me. Disgraceful!
    MICK
    4th Jun 2015
    9:22pm
    Not as though are taking your super....although they are certainly after it. Surely the issue is that this government is after the pension system and trying to cut as many retirees out as they can.
    Anonymous
    5th Jun 2015
    11:41am
    Yes, but by doing that they are positioning many pensioners to be better off than self-funded retirees, and that's just wrong! Of course people can spend their savings, but what is the point of going without to save if you then have to spend it to live at the same standard as someone who didn't go without, because they get handouts and you don't?
    Patriot
    5th Jun 2015
    11:52am
    Rainey
    I agree that this is wrong.
    However, that inequality will only last a "Short Time" because the CRIMS will have "Brought you down" to our level after the next financial crash coming to a location near you soon.
    Ming
    4th Jun 2015
    1:37pm
    I live in hope! Hope that one day I will see an article exposing some of the good things in the budget. The only thing that I see is whinging. We are a sad lot always seeking more from government. Who provides the "more" the taxpayers of course and when we ask for more someone has to pay for it. Wake up, get off you A, and stop whinging.
    MICK
    4th Jun 2015
    1:47pm
    You live in a make believe world Ming. Just like the lobster in the lobster pot you fail to understand that our lifestyle is disappearing SLOWLY. She won't be right and you'll be one of the crowd crying 'how could this happen' when it is too late.
    Understand that this country is for sale to whoever can stump up the money and it is disappearing decade by decade. One day we will all wake up as slaves. Roger Montgomery who works in the financial markets stated this on 24 The Business one night. He is on the money and living in denial is not going to change one single thing.
    Anonymous
    4th Jun 2015
    2:14pm
    I agree with you, Mick. Ming, you can wait as long as you like and you won't see ANY good written (let alone exposed) in the present budget because there is none. People are "whinging", as you call it, because they are being financially and morally mistreated after they have tried to plan a relaxing retirement for themselves and see their savings being exploited by a greedy, uncompassionate, and inept government. To sit back, hope for the best, and be complacent and apathetic will get nothing but government footprints all over you. I'm not alluding to anarchy by any means, but you must be heard. The meek will certainly not inherit the earth and nor will those who are submissive. "She'll be right" - yes, but only when people DO SOMETHING to MAKE it right.
    Sum1
    4th Jun 2015
    3:01pm
    Well said Ming....The trouble with OZ today are that the people who work for a living and outnumbered by those who vote for a living. Labor offer more "free stuff" to their legion of "forever needy" followers. Almost 50% of Australians now get more benefits from the Govt than they contribute. This will only be exacerbated should the economic incompetents (Labor) be elected. A vote for Labor is akin to treason.
    MICK
    4th Jun 2015
    4:23pm
    The next paid political advertisement Sum1? You have not addressed the WHY things are getting bad and the handouts you mention, whilst a part of the problem, ignore the dividing gap worldwide between rich and poor and the sell-off of the nation by politicians chanting economic slogans as what used to return dividends to the country fall into the hands of foreigners. They now get the dividends whilst Australians get deeper into debt.
    If you think that this government and its rich backers want to help you then you are living in dream world. The facts that Joe Hockey wants to tax average Australians to the hilt whilst giving the rich reductions in the company tax rate tells the story.
    Dinosaur
    4th Jun 2015
    1:39pm
    Robin Hood in reverse with this intended plan by Friar Abbot and his not so merry men Mick
    MICK
    4th Jun 2015
    1:49pm
    Average Aussies would be happy if it were a level playing field. It isn't. And it never will be whilst the rich have their political party in power.
    Ming
    4th Jun 2015
    3:49pm
    Presumably if it is the party of the rich in power now it was the party of the poor in power for the previous six years. Just look at how well they did, the debt will not be paid off by your grandchildren. Watch the ABC next week to see how the party of the "poor" acted when on the treasury benches.
    jeffr
    4th Jun 2015
    4:23pm
    Ming, it appears not to matter which party is in power....The Rich always get Richer and in comparison the Poor will always Struggle. The debt could certainly be reduced by withdrawing all the over generous tax concessions such as superannuation from the rich?
    MICK
    4th Jun 2015
    4:28pm
    Perspective is not one of your strong points Ming.
    The "debt" you speak of kept you and your extended family IN WORK during the GFC when most other countries suffered bad unemployment. Forgotten that have we?
    You also fail to mention that Abbott removed the debt ceiling....which means he and his cronies can borrow as much money as they like forever. Funny for who you obviously consider the saviour of the country. The reality is that this government is no better or worse than the previous. The difference between them though is that they are governing in different times and that this government's charter is to deliver money, and heaps of it, to the wealthiest amongst us whilst asking average Australians to pay.
    Paulodapotter
    4th Jun 2015
    5:54pm
    Hear! Hear!
    Anonymous
    4th Jun 2015
    8:19pm
    Actually, Ming, the DEBT is a result of tax cuts the Howard Govt gave to the richest 10%. Read John Hewson's statements about the economy. It could be fixed tomorrow if those obscenely generous and unjustified tax cuts were taken back, and the people who got them are so rich they wouldn't even notice. But Abbott & Co prefer to make battling retirees pay and continue loading the wealthy people's pockets.
    Jules
    4th Jun 2015
    1:50pm
    I agree Mick and will take on your advise at the next election.
    jackyd
    4th Jun 2015
    2:27pm
    Wow the age of entitlement is well and truly upon us judging by the comments here.
    MICK
    4th Jun 2015
    4:29pm
    I won't be getting a razoo jackyd. What about you? On a pension?
    Commentator
    4th Jun 2015
    4:55pm
    We paid in advance for our entitlement, supporting the previous age pensioners. Lets not forget paying 17% interest on our mortgages. Then the pollies sold Telstra to pay their own super.
    MICK
    4th Jun 2015
    5:21pm
    We all did Commentator.
    The pollies are selling everything out from under us. Even our farming land. It is a national disgrace which the (business owned) media are ignoring for whatever reason.
    Brycet
    4th Jun 2015
    2:58pm
    I was wondering whether any of our clever economists have calculated how much of the savings the govt is making will translate into reduced spending by part pensions who have been made worse off. Quite a lot I would suspect, the bravodo of world trips etc aside. So how is this good for an economy that business leaders describe as fragile. I suspect as usual small business might take the biggest and continuing hit. Even if you agree on the politics the timing seems to be wrong, let alone the message it sends about how confident our leaders are about growing the economy.
    57 varieties
    4th Jun 2015
    3:13pm
    71, worked until 70 !
    Think you are hard done ? Here is what happens to some (lucky ?) migrants:
    Lived for 35 years in Switzerland where one pays 9% of your income
    to the national AHV (pension).
    FIRST TIME TAXED !!
    Bdw: The employer also pays 9%.

    We are given the opportunity to continuing paying into the Swiss pension Scheme.
    We paid 10% of the Australian income for 32 years to the Swiss scheme

    Now, the money coming from Switzerland (that is beneficial to AUS)
    is taxed once more in AUS !!!!

    THAT IS WHAT YOU CALL A TRIPLE HIT !

    Fair ? Definitely NO !
    MICK
    4th Jun 2015
    4:35pm
    At least you are getting a pension which is not means tested. Its not as if Australians do not pay tax on their pension above a certain level too.
    The scheme you mention sounds a lot like the superannuation scheme. You pay in. The employer pays in. And then you get to take an annuity (pension). So how is this different? ANd I do not believe that you have to pay tax on this....unless you are collecting and age pension here as well.
    Paulodapotter
    4th Jun 2015
    5:50pm
    Just visited Switzerland last year. Compared to them, we are doing no better than PNG. One of the best health and welfare systems in the world. Not a slum in sight and a fully funded education system. The place is still like a manicured garden with not a scrap of paper in sight. You don't miss what you don't know. Mind you, Oz has a lot more soul & rubbish, I think.
    MICK
    4th Jun 2015
    9:25pm
    Just back from a number of countries. Germany and Japan also without any rubbish everywhere. Amazing. Makes a statement about our culture.
    What is not obvious though is that the wage rate in Germany is around $10 an hour...although the cost of living is way down on Oz. Maybe horses for courses.
    Priscilla
    4th Jun 2015
    3:23pm
    If the Liberal government had not decided to use the pension fund 1952 and pay future pensions from taxation, we would not be having this problem. In fact we would have trillions in super and pensions for all in the future. The government needs to face up to the fact that they squandered future pensions and have created this problem, not retirees!!
    jeffr
    4th Jun 2015
    4:08pm
    May I make a suggestion, we all email/write to our local Federal MP and let them know how we intend to combat this incredibly stupid government Budget Plan. This clown is now going to invest in Solar Energy,which will pay for itself using what the government will take off me and increase the value of the house. Further,gift my daughter the money for her to do the same. That dream cruise is also looking good. Thank you Hockey & Richardson you have encouraged me not to save for that rainy day. Mick, your right, lets go for the Independants
    MICK
    4th Jun 2015
    5:11pm
    Just come back from a holiday. Wonderful.
    Not sure I agree with your view on solar though if I understood correctly. Whilst I understand concerns about who pays I consider free energy to be FREE. That is what terrifies the fossil fuel industry....and exactly why we all need to bite the bullet.
    Dot
    4th Jun 2015
    4:15pm
    To have a comfortable and care free life for the rest of your life with no worries about cost of living you simply become a Politician.
    in2sunset
    4th Jun 2015
    7:17pm
    Absolutely TRUE!!
    Paulodapotter
    4th Jun 2015
    5:06pm
    I think our country has lost its pathos and concern for fellow human beings. It seems we are being held together with false hope and ignorant fear. It's hard to feel proud of our heritage when we see the cruelty we inflict on others. The examples our leaders set creates a cultural attitude that promotes a sense of hopelessness and depression I can detect among some of our bloggers. My advice for what it's worth is to become more angry and vocal. Demand our leaders to change, to pursue a more virtuous approach, to stop promoting fear and start making a contribution to our society rather than tearing the heart out of it through draconian cutting, ripping and tearing up the fabric of this country. We need builders, not a demolition crew!
    MICK
    4th Jun 2015
    9:27pm
    That is precisely why VOTERS need to end the duopoly. Change the game and you change the culture.
    Fred
    4th Jun 2015
    5:17pm
    I was just wondering about the people who are thinking of living overseas what are you going to do when not if you get sick, you need to go into hospital etc I doubt if the country you move to will look after you. I agree this country is not what it once was there are less freedoms thanks to the PC brigade and we are not as well off as a country as we were but having being born overseas and arriving in this Great Country in 1970 I would not live anywhere else.
    Paulodapotter
    4th Jun 2015
    5:33pm
    You don't miss what you don't know, Fred. Our medical system, while not that of a third world country, does not measure up well against most OECD countries - even when compared to the UK, from which a lot of migrants escaped thinking OZ was a better choice. It might have been once.
    Fred
    4th Jun 2015
    6:26pm
    Paulodapotter I have relatives still overseas and they report that the NHS is overloaded and the waiting time for anything is very lengthy. They have been over here a few times and when my sister first came in the 1980 she noticed how much cheaper things were here compared to GB she did say the last time she was out in early 2000 she noticed how much the prices have gone up here and food and clothing were now cheaper in GB but the lifestyle in GB was not on a par with the lifestyle here. The main problem as I see it regarding Groceries etc is the fact the 80% of such items are in shops owned by two companies Coles and Woolworths. The government should step in and break them up we cannot have so much of the basic foods, fuel, pubs, pokies, and the list goes on in the hands of just these two.
    Fred
    4th Jun 2015
    6:26pm
    Paulodapotter I have relatives still overseas and they report that the NHS is overloaded and the waiting time for anything is very lengthy. They have been over here a few times and when my sister first came in the 1980 she noticed how much cheaper things were here compared to GB she did say the last time she was out in early 2000 she noticed how much the prices have gone up here and food and clothing were now cheaper in GB but the lifestyle in GB was not on a par with the lifestyle here. The main problem as I see it regarding Groceries etc is the fact the 80% of such items are in shops owned by two companies Coles and Woolworths. The government should step in and break them up we cannot have so much of the basic foods, fuel, pubs, pokies, and the list goes on in the hands of just these two.
    Anonymous
    4th Jun 2015
    8:25pm
    What do you do here if you get sick, Fred? We can't afford private health insurance. I was quoted $230 today for a specialist appointment and only get $73 back from Medicare. Pensioner discount? $50,still costs a whopping $107 - and you can bet the specialist will find many excuses to insist I need to keep coming back!) Hubby spends $86 a fortnight on physio, and it would be $94 without a pensioner concession. How can retirees afford these prices? I was quoted $40,000 for dental work. Can get it done in Thailand or Indonesia for $8000.
    Paulodapotter
    4th Jun 2015
    9:03pm
    I was over there last year, Fred and things had improved and a lot cheaper than Australia. Even the food has improved. It was bl...y near impossible to eat their tucker in the mid-seventies when I was there last. However, the UK fluctuates and flatulates like a drunken sailor at the best of times and like here, it depends where you are as to how expensive it is. Generally, European countries are way ahead of us on just about every level. We just find it hard to admit it. You don't pay university fees in Germany and I know of one young Aussie studying over there and he doesn't pay fees either. We, who are the one of the richest countries in the world can't match them.
    MICK
    4th Jun 2015
    9:29pm
    You have a point Fred but third world countries have a cheap medical system and others I am sure would have an insurance system. This would need to be a consideration before a move was made.
    Radish
    5th Jun 2015
    1:08pm
    Fred,I agree with you. Having lived in a number of countries I would live nowhere else at this time of life. At least I know I will get good medical attention and it will not send me bankrupt!
    Anonymous
    6th Jun 2015
    11:30am
    Really, Radish? You must live in a different Australia to the one I live in. $280 quote to see a specialist and only $73 back from Medicare. No discount for pensioners or health care card holders. $92 a fortnight for physio. No benefits, regardless of income or concession entitlement. $40,000 quote for dental care. A friend said he would have died waiting for heart bypass surgery if he hadn't had a lazy $60,000 lying around to pay for it. Health insurance is now unaffordable for many, especially if you haven't been able to sustain it continuously, and it's going up by far more than the CPI.
    Patriot
    6th Jun 2015
    12:31pm
    Rainey
    The "Public SICKNESS System" is very good once you're IN!!! I cannot speak more highly of it. To get in is another problem though as you'll have to be an emergency!!!

    2 Years ago, I had a gangrenous Gallbladder which- all of a sudden - played up massively and put me there.
    30mm Rock stuck in the neck which "Cut Off" blood supply to this organ.

    A HEALTH System we do not have as my problem did NOT APPEAR OVERNIGHT and should have been detected many years ago by being more thorough about problems I visited them for.
    Even at that time I attempted to convince them that my health problems were not caused by "A Shortage of Drugs & Pills in general"!!!
    Of course, that's all they wanted to do!
    Radish
    6th Jun 2015
    7:00pm
    Rainey, I pay full for everything and I still think Australia is a great country. I do not mind that the taxes I still pay go towards those less well off.
    Fred
    4th Jun 2015
    5:17pm
    I was just wondering about the people who are thinking of living overseas what are you going to do when not if you get sick, you need to go into hospital etc I doubt if the country you move to will look after you. I agree this country is not what it once was there are less freedoms thanks to the PC brigade and we are not as well off as a country as we were but having being born overseas and arriving in this Great Country in 1970 I would not live anywhere else.
    Paulodapotter
    4th Jun 2015
    5:33pm
    You don't miss what you don't know, Fred. Our medical system, while not that of a third world country, does not measure up well against most OECD countries - even when compared to the UK, from which a lot of migrants escaped thinking OZ was a better choice. It might have been once.
    Supernan
    4th Jun 2015
    5:34pm
    Yes all the money paid to pensiones comes from Taxpayers. And why is there not enough to go round. Yep, back to the fact that the seriously wealthy pay no Tax ! Huge Taxpayer subsidies go to Mining companies. Huge Tax breaks go to extremely wealthy for putting money in their Super accounts !

    We plan to do the same as someone else said. Make our home more comfortable, update some of it & pay people to do it instead of doing it ouselves over a long time. Would sooner save it - we are cautious people - but not if we will be penalised for having worked hard & saved.
    Paulodapotter
    4th Jun 2015
    5:36pm
    Grab a bit of life while you can, Supernan. They tell me there's no guarantees the afterlife is better.
    Patriot
    4th Jun 2015
    5:48pm
    Paulodapotter
    The Ps in Canberra have to go somewhere after they die I suppose!
    Paulodapotter
    4th Jun 2015
    5:55pm
    Ha! Ha!
    Patriot
    4th Jun 2015
    6:08pm
    Paulodapotter
    After I die I was opting for hell because that's where all the good looking chicks are who don't say NO for an answer.
    However, now that you brought it up, I'll have to be happy to go to heaven and "sit in the corner all day" & just read a book.
    Boring - but - you can't have it all I suppose!
    Paulodapotter
    4th Jun 2015
    8:48pm
    A decent sleep is all I ask for.
    Ruben
    4th Jun 2015
    5:45pm
    I think the government is already looking in to retirees investing bulk super amounts in houses as they are going to force pensioners to take out a reverse mortgage on the equity of the property to pay for their pension even if they underneath the present thresholds. Of course like any loan you or the estate will have to pay the loan back including the interest of the loan, in the event of leaving the house or dying. The banks will make all the money. This way the government can save a whopping 70% of pension payouts. Sorry for the doom & gloom but it will be a reality.
    Paulodapotter
    4th Jun 2015
    5:56pm
    Ah, the rich getting richer again.
    MICK
    4th Jun 2015
    9:31pm
    I am willing to bet that Estate Duties make a comeback when the money dries up for Canberra.
    Radish
    5th Jun 2015
    1:10pm
    be a brave government who does that Mick LOL.
    Patriot
    5th Jun 2015
    1:24pm
    Radish (F)
    They do that allright - no matter if it is bravery or not.
    MICK
    5th Jun 2015
    10:33pm
    A broke government will have bilateral support. Done like a dinner if that happens. Vote for Independents and take out an insurance policy of sorts.
    Patriot
    6th Jun 2015
    6:56am
    EUREKA STOCKADE - HERE WE COME !!!!
    57 varieties
    4th Jun 2015
    6:00pm
    Well Mick
    You are crazy to think that TRIPLE-TAXING IS OK !
    I doubt that you ever paid 3 times tax on the same money.

    GET A REALITY CHECK !
    Paulodapotter
    4th Jun 2015
    9:05pm
    I pay once and still pay more than thou, you triple taxed mountain climber.
    Paulodapotter
    4th Jun 2015
    9:06pm
    Or yodeller - whatever your bent.
    MICK
    4th Jun 2015
    9:32pm
    Triple taxing. You are dreaming methinks. Please explain!
    57 varieties
    4th Jun 2015
    6:04pm
    Hi Paulodapotter

    I agree that social matters are well looked after in Switzerland

    BUT

    There are many more positive aspect here in AUS.

    I could not go back...........
    Paulodapotter
    4th Jun 2015
    8:54pm
    Fair enough, 57, I like it where I am too, despite the yobbos, the pollies and the administrivia. It's takes a lot to spoil Australia's natural gifts, but people try very hard to do it.

    4th Jun 2015
    8:37pm
    Don't hurry to spend, friends. It appears the legislation might not get through. I suggest you all write to Senators, lobby groups, your local member, and the Leader of the Greens and Labor Parties and all independents protesting the change. Labor has already said they are considering blocking. The LNP thought they would get it through with the support of the Greens, but the Greens are reconsidering. They want a comprehensive review of retirement funding and taxation.

    Put forward some sensible arguments - like that some retiree couples with $825,000 will be only getting $22,500 income, and they will have to draw heavily on assets, which will then run down quickly. Meanwhile, a couple with a $74,000 p.a. income can still get a pension. Hockey's claim that those affected will still get concessions is flawed. Some state governments are already saying ''no'', and health professionals don't bulk bill concession card holders.

    A couple with $825,000 is NOT wealthy if they have to make it last through 35+ years of inflation, ESPECIALLY if they have health issues or disabilities that push their living costs up. Those affected have already suffered more than any other group due to falling interest rates. They should not be forced to carry the cost of continuing to give the rich massive tax concessions on superannuation or allowing multinationals to dodge tax.

    Those affected are the ''lifters'' of past decades. They made a huge contribution to this nation - big enough that a few years back we had a big surplus, so it wasn't their failure that causes our current problems. They deserve a lot more respect. Today's retirees supported past generations of aging without complaint, paid their taxes, educated their kids (WITHOUT paid parental leave, child care rebates, and family tax benefits), and survived 18%+ home loan interest rates, major recessions, and the GFC. They DESERVE better than this.

    And Hockey should apologize profusely for his vile insults (calling retirees ''leaners'') and for his false claims that retirees are taking luxury holidays at taxpayer expense. It's time retirees were treated with the respect they deserve.
    Paulodapotter
    4th Jun 2015
    9:09pm
    Mind you, by the time you eat your way through your massive savings, you won't need much to survive. The pension should cover your tucker and swag, because by then, just getting through the day will be a full day's work with little time left for fun.
    Paulodapotter
    4th Jun 2015
    9:10pm
    Even the rich are in the same queue. Old age is a great leveller.
    MICK
    4th Jun 2015
    9:38pm
    There's an election a comin'. If this bunch is re-elected then average folk should enjoy what they get.
    Good call Rainey. Hockey is one of the scumbags hired by the big end of town so understand that he is little more than a snake oil salesman doing a job for his sponsors. I HAVE A LONG MEMORY for people like this.
    Sceptic
    5th Jun 2015
    10:01am
    Rainey, if a person of pension age has accumulated $825,000 of cash assets, I doubt if they would be stupid enough to have it in the bank earning 2.7 % interest, which is what your $22,500 figure income equates to.
    MICK
    5th Jun 2015
    10:49am
    Some would Sceptic because some people need to live with a higher level of security than investments in the share market. At any rate they get hit by the assets test and lose either way.
    Radish
    5th Jun 2015
    1:12pm
    I personally know of retirees who go on overseas holidays to enable a part pension. Come on, you all know this goes on!
    Adrianus
    5th Jun 2015
    2:28pm
    mick you just came back from an overseas holiday. What did you tell customs was the reason for your visit?
    Anonymous
    5th Jun 2015
    6:46pm
    Yes, Sceptic, some would and do. They want security. The need liquidity (investment advisers tell people the stock market is a long term investment.) They don't trust advisers (I wonder why?). It's NOT stupid at all. There are many reasons why people make certain choices. I know people who have that amount under the bed, because they don't even trust the banks. (But then, they would probably not tell Centrelink they have it so they would get a full pension!)
    MICK
    5th Jun 2015
    10:36pm
    Frank: I still live in Oz so no explanation required. Perhaps I should have mentioned that I have zero tolerance for liars, cheats and internet trolls. Methinks you may slot into here somewhere Frank. Prove me wrong by NOT continually posting one sided political adds.
    Anonymous
    6th Jun 2015
    11:42am
    By the way, Paulodaplotter, your assumptions about wealth and need are quite wrong. IF I had ''massive savings'' (which I don't), eating through them might take a while even without any pension or benefits, but my living costs are rising fast with age and I believe will continue to. First, there's inflation. In a few years, my savings will buy less than half what they buy today. Then there's the maintenance costs as things that are quite new now begin to age and deteriorate.

    But more importantly, ill health is costly. Medical care is hideously expensive, and age is stopping my husband and I from doing the things we used to do to save money. We lived well by making, growing, mending and fixing. We hardly ever paid a tradesmen. I never bought clothing. We grew vegetables and raised and killed cows and pigs. We are struggling now to be able to do the things we did to save money. My mother, at 90, is spending way more than she ever has before in her life - because she needs aged care. What do people who were forced to spend their savings do when they need to go into care? A single room now costs $500,000+ - unless you have nothing, in which case the Government pays.

    As with the pension, it's fine for those who have nothing. The Government looks after them. It's fine for the rich. It's those in the middle - the battlers with modest savings - who get slammed every time, and are deprived of the comfort they worked so hard to earn.

    Now, I'm wondering what happens when all the retirees who are being slugged today and forced to spend their savings need to go into care. Surely the Government will end up losing at the other end when people who should have been able to pay for themselves put their hand out because the money is all gone?
    Cruzisuzi
    4th Jun 2015
    9:37pm
    Over half of my working life with no access to saving in a super fund left me a late starter saving for retirement. I now find myself in a situation where I earn $14400 in rental income pa, a bit of cash in the bank, just over assets threshold, (single and own my own house) and am living below the poverty line. Surely there should be a transitional consideration for those of us who were unable to access super schemes for most of our working life?? Somehow it doesn't make sense and I think all previous governments have some explaining to do about why they spent all that money that had been put aside for projected old age pensions.
    Paulodapotter
    4th Jun 2015
    11:50pm
    You are describing me, if I should stop working and retire now. Fortunately, I like what I do and anticipate only ill health, decrepidity (is that a word?) or death will stop me in my tracks.
    MICK
    5th Jun 2015
    10:51am
    What you are not factoring is the greed of governments and their irresponsible spending of OUR money. They take from whoever is the easiest to get it from.
    thommo
    4th Jun 2015
    9:51pm
    "Yourlifeschoices" is a disgrace. You should be hopping into this Fed Govt for the grossly unfair proposed changes to the age pension and the discriminatory changes to the assets test, especially for those who are already in the system, especially those who have made irreversible changes to their retirement decision (eg loss of a good paying job and continued super contributions etc).
    This has left many with their retirement plans torn to shreds, and YourLifechoices is absolutely silent on the subject. Not even a suggestion that the changes be "Grandfathered" so that there is a semblance of fairness.
    You are a disgrace.
    MICK
    5th Jun 2015
    10:56am
    I think that the writers on this site do a pretty good job thommo. Think about how many other media outlets refuse to print anti government stories or those that censor comments so that there is little or no criticism of government policy. That is the problem you have with a big business owned government and a media where wealthy Australians own many shares and also earn salaries in these organisations.
    Be happy with what we have thommo. My only real issue is that paid trolls like Frank, who appears to write under several other names as well, are allowed to post government advertising on the website.
    Patriot
    5th Jun 2015
    11:12am
    thommo
    I think that "Your life's choices" is (indirectly) achieving exactly what your are suggesting as - in my opinion - there is NO DOUBT that this forum is being read (and possibly responded to) by "Government Trolls" who are reporting back the attitude towards the issues discussed.

    Such MUST not mean that WE can SIT ON OUR HANDS and do nothing.
    NO, we personally MUST also "Chew the ears" of our well paid so called Representatives for State & Federal Governments and Councils & Shires.

    "THE ROT has been allowed to develop "On Our Watch" and so now WE MUST resolve the issues for the sake of our kids & Grand kids and "The Country" in General. Fleeing the Current Situation does not resolve the issues for the "Innocent".
    MICK
    6th Jun 2015
    8:25pm
    Does that make me public enemy number 1 Patriot? Chuckle....
    Patriot
    6th Jun 2015
    8:45pm
    There's a few of us that probably fall into that category! Me thinks!
    Adrianus
    6th Jun 2015
    9:09pm
    Yes Tony a few upset on YLC but it wouldn't matter what you did mate for this lot.
    Adrianus
    6th Jun 2015
    9:10pm
    Please disregard above. Sent by mistake. Ha Ha Ha
    Adrianus
    6th Jun 2015
    9:10pm
    Please disregard above. Sent by mistake. Ha Ha Ha
    Patriot
    7th Jun 2015
    7:21am
    Frank
    Contrary to you, I think YLC is doing a "Pretty Fair" job in providing a "Tool" for the expression of public opinions.
    They're effectively "Getting the message out there" for "Pollies & their helpers" to gauge what we - as an electorate - feel about issues.
    Let's not forget though that we're not always correct either !!!

    Like any of us - they miss the mark (in MY personal opinion) occasionally.
    However, that may be JUST ME and - just for once - I might be wrong!
    Than again, we always "Put them right" when this occurs by "Collective" opposition if & when such occurs. Aren't we???
    Adrianus
    7th Jun 2015
    8:53am
    Patriot I also think YLC is doing a good job. What I find disagreeable is the ingratitude of certain posters. And the very poor attitude to those who have a differing opinion. That's just my opinion.
    Patriot
    7th Jun 2015
    11:30am
    Frank
    Your accidental posting (to this site) of a message to Tony (in Canberra ???) reflects a totally different (& opposite) attitude than what you're now - all of a sudden - displaying (now that you have been sprung).
    Honesty pays in the long run as "THIS & ALL" governments & their Allies eventually will discover.

    The "Posters" on this site have "Bugger ALL" to do with the Integrity of YLC. Just because they are utilising this site to "Peddle their Political Message" is in NO WAY a reflection on the competency & fairness of the people behind this forum. You're smart enough to know!!!
    Adrianus
    7th Jun 2015
    11:44am
    It was a joke Patriot to yours and micks ridiculous insistence that I am working for the government in some way. I realise now that neither of you have a sense of humour.
    57 varieties
    4th Jun 2015
    10:18pm
    Hi Paulodapotter

    Right you are.

    Ciao !
    57 varieties
    4th Jun 2015
    10:26pm
    Mick

    I paid the Swiss contribution in Switzerland with money that was taxed in Switzerland.

    Then I paid the voluntary Swiss contribution with with AUS-taxed money.

    Now the AUS-taxes are raised again on the money I get from the Swiss pension.

    That makes it the third time (2-times in AUS) that I am paying tax on already taxed money.

    I hope you understand now !
    Paulodapotter
    5th Jun 2015
    12:02am
    Now 57, if you were a huge multi-national corporation, you wouldn't pay any tax, but unfortunately, you are small target, something the Aussie government can courageously bully for money. They're good at that. They like to support the big guys who can attack the weaker guys, like we did by supporting the yanks in smacking the North Koreans, Vietnamese, Iraqis and Afghanis only to create even greater problems, like Kim Jonk-Un and his antecendents, Pol Pot, Isis, refugees in boats, et al. Brave and smart - that's us.
    MICK
    5th Jun 2015
    10:59am
    Might a suggest you should have started an AUSTRALIAN SUPERANNUATION POLICY with money earned in Australia. That way you would have received a tax deduction with those contributions and got your benefits tax free at the end.
    The issue is that you made a bad choice and should have either gone to see an investment advisor or sat down and thought about what you were doing. A bit unfair claiming triple taxation when the mistake is yours.
    Not Senile Yet!
    4th Jun 2015
    11:45pm
    The facts are simple....
    1. You should plan for your Retirement!
    2. It is compulsory Super..not optional!!
    3. To plan ahead you need to know what to expect!!
    The Results are also simple....
    1. The Government has not Planned ahead for the Baby Boomers and put aside the extra tax they paid for a Pension!......Oh hang on they did up until the 1990's....then BOTH labor & Liberal Parties decided to spend the Saved Pension Money because of a downturn in the economy & never replaced it or started another fund to replace it....so now we are to Blame????
    2. Compulsory Super was intended to accommodate the subsidising of the Pension for the taxpayers that were following the Baby Boomers.....ie their children....it also was intended to lessen the burden of the Baby Boomers on the Government.....well that was subject to the Government preventing their employers discarding them at the ages of 55 to 60.....which was a direct result of Chnaged Government Policies!!!!
    3. In the 25 yrs from the 90's to 2015 The Government has CHANGED the Super Rules no Less than 30 times....each time making a tax grab.....whilst adding restrictions and removing tax breaks!!!!! How can anyone plan for this constant interference???
    LASTLY......Both the Party Machines have been playing TAG TEAM with their lies and corruption whilst filling up their Supers and Tax Breaks and increasing their Salaries above the level of inflation every year for the PAST 25Years!!!!
    They do not Serve anyone but themselves!
    They are now just Pigs at the trough who sell off to the highest bidder any tax concession that they can pass!!!
    STOP VOTING FOR THESE SELF FEEDING PUPPETS of the PART MACHINES!!!!!
    Vote them out by REFUSING to Vote for ANY PARTY!!!!
    Next Election....give them a wake up call.....Vote for an Independent or The Independent Party....which allows all it's members the right to vote how they please on all issues!!!!
    If you want a different result next election.......You need to change the way YOU Vote!!!!
    Paulodapotter
    5th Jun 2015
    12:13am
    Well spoke. Meanwhile our Germanic counterparts did plan for the future and despite the number of countries sent to the wall by the yanky inspired GFC, they have prepared for the retirement of their workers. They do not have two party systems, but commonly depend on independents and small parties to form loose coalitions to rule their countries. They have fewer politicians per capita representing their people than we do and very few get paid anywhere near as much as our trough swilling pollies in this country. Things have got to change folks.
    Anonymous
    5th Jun 2015
    7:46am
    Well said, Not Senile Yet (it's obvious you are not!), but the problem with voting for Independents or minor parties is the preference system. Also, votes for independents tends to help one party or the other, rather than send a strong message. It is true, however, that independents in the Senate have helped restrain Government excesses, and the fact that they are a thorn in Tony Abbott's side means that those who voted for them have achieved their ends. Perhaps it's best to vote Independent in the Senate, and for a preferred major party in the House, but rely on strong letters to representatives to lobby for change? I'm no expert on this subject, so this is just my thoughts.

    One thing that would improve Government in Australia is the removal of party voting rules - allowing representatives to REPRESENT their electorate, rather than just conform to party rules. Voting with the party is really a rejection of responsibility conferred by the electorate, and is grossly unfair to voters.
    Patriot
    5th Jun 2015
    8:10am
    Rainey
    Arthur Chressby (now deceased) was the member for Lockyer in Qld during the 80/90s and was hated in parliament because he new & enforced the Australian Constitution.
    In his booklet (I'll provide the link if you're interested) he provides the following solution to the Preferential Voting problem!

    a) Go into the booth with you voting papers , a INK pen & something that can substitute for a ruler
    b) Put a FAT Horizontal line through EVERY candidate except the one you want to vote for
    c) Write in the margin (INK) the following words: "Candidates who's name have been crossed out are UNSUITABLE for government
    d) Tick the candidate you want to vote for

    Now the ballot paper is NOT an Invalid vote but Preference Allocation has been disabled.
    MICK
    5th Jun 2015
    11:12am
    Well said Not Senile Yet. Might I suggest that the solution is not tearing your ballot paper up but rather NOT voting for either Liberal or Labor candidates.
    I keep suggesting people VOTE INDEPENDENT to send a message....keeping in mind where the preference is going. I'd hate to see people vote for an Independent and then their preference helps put this deadbeat current government back into power.
    Anonymous
    5th Jun 2015
    11:35am
    Thanks for that Patriot. Interesting. But it still means that if your candidate isn't elected (and the chances are always slim for independents and minor parties) your vote serves no purpose. I don't think anyone is likely to tell the other candidates that you deemed them unsuitable!!
    Anonymous
    5th Jun 2015
    11:35am
    Thanks for that Patriot. Interesting. But it still means that if your candidate isn't elected (and the chances are always slim for independents and minor parties) your vote serves no purpose. I don't think anyone is likely to tell the other candidates that you deemed them unsuitable!!
    Patriot
    5th Jun 2015
    11:46am
    Rainey
    The "Tell Tale" is that they will be missing out on MANY votes if MANY of us are voting that way.
    The parties have their "Scrutineers" on site (party Faithfulls) and they will certainly report back!
    Young Simmo
    5th Jun 2015
    12:29am
    Well it all sounds too complicated and technical for me, so I will just keep donating 20% of my pension to the Red Cross. They need it, as about 80% of their income goes to Administrators and Managers wages, if you believe what was said after the New Years Day Tsunami.
    Sorry if I am over the boundary fence, but I reckon it would be a good subject for a Life Choices discussion.
    Pass the Ductape
    5th Jun 2015
    6:13am
    Young Simmo - I've come to the conclusion that Life Choices aren't much interested in what anyone thinks in this forum - unless it involves finance.
    Pass the Ductape
    5th Jun 2015
    6:23am
    To clarify somewhat.... I have indicated to Life Choices that a subject which should be considered for discussion was one about smoke detectors in the home.
    Considering the terrible fires where people have been burned to death - even with smoke detectors in the home - there is a reason why smoke detectors do not always work as they should - and it needs discussing.
    Pass the Ductape
    5th Jun 2015
    5:43am
    Exactly what the average aged pensioner needs - to employ, or become, a qualified accountant in an effort to make life easier in retirement..... NOT!

    5th Jun 2015
    8:01am
    The Mature Age Party Blog published an interesting article titled ''Pensions are not Welfare''
    (See https://themap15.wordpress.com/). This should be compulsory reading for every Australian, and retirees should print it and send a copy to every politician in the country, with a DEMAND for recognition of the rights we have paid for in full.

    At the very least, we retirees are entitled to a public acknowledgement of the fact that we are NOT LEANERS and we HAVE PAID FOR OUR PENSIONS. It's not our fault if politicians committed fraud and stole the money. The younger generation needs to know the truth.
    Patriot
    5th Jun 2015
    8:18am
    Good one Rainy,
    SO TRUE this story is - It again proves that our Pollies ARE - and ALWAYS HAVE BEEN - THIEVES!
    Anonymous
    5th Jun 2015
    9:27am
    Call it what you like Welfare is Welfare it means you are not able to provide for yourself and you have to get a hand out from the Government.
    Anonymous
    5th Jun 2015
    11:38am
    But that's the point, Robbo. The Aged Pension ISN'T welfare. It's an entitlement. It is supposed to be paid to everyone - regardless of means. That's how it was set up and that's how it would remain if politicians hadn't committed fraud. If we could get that point across, we might get more support to demand that the Government treat retirees fairly. I don't think we'd ever succeed in having the means test abolished, but we might persuade voters to support demands that the aged be treated with respect and not regarded as the first and easiest line of attack when there's a budget problem.
    Patriot
    5th Jun 2015
    11:42am
    robbo
    I disagree with calling it "Welfare" as this is not what it is!
    In European countries like Holland, Germany, UK & Scotland, pensions are treated identical as Australia treated OURS initially.
    A separate account with money reserved for "When the time comes" and invested wisely so that it would "Keep Up or Exceed" the rate of inflation.
    Contributions we especially "Levied" to keep this FUND alive.

    No matter how much or how little your paid in, you were assured of a return.
    European Countries call this an "INSURANCE" and, although the INTENDED mechanisms in Australia might not have been exactly the same the results are identical.
    In its conception, it is not much different from the current Super Annuation SCAM except that it is even more like an insurance as it intends to "Support you for Life once certain conditions have been met.

    In Ausatralia, the "BOUNTY of the FUND" was stolen and the levy raised to support the fund was never cancelled. NOT WELFARE AT ALL!!!!!!!
    57 varieties
    5th Jun 2015
    9:29am
    Hi Paulodapotter

    I agree to just about all you said !

    Keep rattling the tree !
    57 varieties
    5th Jun 2015
    11:27am
    Mick

    You just don't get it !

    I am against being DOUBLE-TAXED in Australia.
    Clear text: Being AUS-taxed on what was paid with AUS-taxed Dollars to the Swiss national pension scheme.
    FIRST TAXATION.

    Now, the Swiss pension scheme is sending $ to me.
    SECOND TAXATION that was paid with AUS-taxed $, see above.

    Other BENEFITS to AUS are:
    AUS does not have to pay for my up-keeping
    and
    I am spending the Swiss-provided $ in Australia.

    I don't expect that you see the points............
    MICK
    5th Jun 2015
    10:44pm
    Did you not read my post earlier 57 varieties?
    YOUR MISTAKE. You should NOT have been sending money earned IN AUSTRALIA to Switzerland to a pension fund. You should have started a separate AUSTRALIAN SUPERANNUATION SCHEME. That way this money would have been taxed at 15% as you put it in and have been TAX FREE when you took it out.
    Not rocket science. As I said you made a poor investment decision so no point claiming triple taxation when you picked the worst of all choices. Sorry.
    Adrianus
    6th Jun 2015
    11:17am
    57, you are wasting your time trying to explain anything to mick which appears a little complex.
    May I suggest that because Australia has an International Social Security Agreement with Switzerland you could explain the source of these funds more clearly to the ATO?
    MICK
    6th Jun 2015
    8:29pm
    Think you missed the logic Frank. You are more than likely correct about reciprocal arrangements as Australia has taxation agreements with many countries so that taxpayers are only taxed once. Can't see that 57's complaints are genuine though and it does appear that the gripe is NOT of this country's doing.
    57 varieties
    5th Jun 2015
    11:38am
    Mick
    Regarding joining an AUS pension scheme:

    This AUS superannuation situation will blow up in the future.
    The system is totally flawed.
    When it collapses the impact will be as bad as the Japan Tsunami.
    Trillions of $ will be lost.
    A totally inefficient method involving extreme commissions and bad biassed advice.
    Nobody will / can be blamed because we all ignored it and could / did not do anything.

    Obviously you understand that issue not at all.
    Patriot
    5th Jun 2015
    11:49am
    57 varieties
    These billions will only be lost to the Investors.
    However, the BANKSTERS are awaiting this occasion as it certainly will look exceptional on their "Balance Sheets" after the event!!!
    MICK
    5th Jun 2015
    10:48pm
    The current Australian government is looking at 'administering' superannuation in this country. That is...they want to nationalise it.
    That means that this and future governments will be creaming off more of our money. They will not take 100% of our retirement savings but are lining up to dole it out as they please and take a bit to waste for themselves.
    Rockypole
    5th Jun 2015
    11:56am
    Perhaps it is time for the Seniors to get political themselves. There should be enough in each state to get a sizable upper house representation going to stifle the lower house's excesses. I know the grey party fell flat on its face but times are much harder now, Stop complaining and lets get up and do what we can as voters! Lets face it, its all we will have left soon.
    Patriot
    5th Jun 2015
    12:02pm
    Rockypole

    Have a look at the link below and consider if it's worth reporting!

    http://themap.org.au/
    57 varieties
    5th Jun 2015
    11:56am
    Patriot

    I am glad that at least some seem to understand what is going on.
    57 varieties
    5th Jun 2015
    11:56am
    Patriot

    I am glad that at least some seem to understand what is going on.
    Ny19
    5th Jun 2015
    12:06pm
    We have been getting double messages from this destructive government. "The country is broke and we need to save"; "We all need to spend to stimulate the economy"; "We need to save to support ourselves in retirement" but then punishing us for that saving and forcing us to spend our capital at a faster rate to get us onto full pensions quicker. Head in a spin? Mine is.

    I have decided to stop being careful with money. Will spend on the kids, house maintenance and travel. Live for today!
    MICK
    5th Jun 2015
    10:55pm
    You may end up better off. Those who end up with nothing normally get to be at the front of the queue and those who sacrifice and save seem to be savaged for doing the right thing. A strange world we live in.
    The country is not broke....yet. The issues are that the rich are paying less and less tax and not being forced to cough up whilst governments then try to make up the difference from Australians who have little comparatively speaking.
    The main issues as I see them is that we import manufactured goods which should be made here despite costing more. So jobs disappear whilst we have to pay for what we import. This is partially subsidised by selling off bits of the country and borrowings.....a one way road to poverty. It will take a few decades before we reach the end but it will come unless our deadbeat government stop the rot. They won't.
    Radish
    7th Jun 2015
    5:13pm
    I would love to see more goods manufactured here but the wages demanded by our work force are too high.

    If I was a manufacturer it would make no sense to get something made here in Australia when I could go overseas say to China and use their huge workforce to make the product and pay lower wages.

    Bonds latest brand to head offshore
    Date
    February 25, 2009
    Read later

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    While iconic Australian clothing brands Bonds, King Gee and Hard Yakka will now be manufactured offshore, the company that owns them insists the heart of the business remains Australian.

    However, the decision by Pacific Brands to move its entire clothing manufacturing workforce to Asia means labels like Bonds will be the latest in a long line of Australian brands hoisted overseas.

    The trend goes back to the 1920s when the Vegemite trademark was acquired by US giant Kraft.

    More recently, Arnott's Biscuit Company was bought by US-based Campbell Soup Company in 1997 and Aeroplane jelly was acquired by Jelly McCormick Goods two years earlier.

    Another iconic Aussie product, the Victa lawnmower, was purchased last year by US company, Briggs & Stratton while American company Heinz gobbled up Golden Circle.

    Cereal company Uncle Toby's was bought by Swiss outfit Nestle in 2006 and the makers of "budgie smugglers'', swimwear company Speedo, was snapped up by the UK-based Pentland Group in 1990.

    But Pacific Brands chief executive Sue Morphet is adamant that while Bonds singlets and undies will now be made in countries like China, the ideas will continue to come out of Australia.

    She pointed out that although 1850 jobs across Australia will be lost over the next 18 months the company still employs about 7000 people.

    "It is an Australian company, everything that we do here, everything that is Bonds, everything that is Pacific Brands, is Australian thinking for the Australian market, Australian design, Australian benefit and Australian jobs, and thousands of them,'' she said.

    However, she said there was no future for the company in manufacturing.

    "This sector of our company is no longer relevant, or actually, it is becoming detrimental to the health of the core and our job is to sustain the core of this very healthy Australian company.

    .
    Adrianus
    5th Jun 2015
    12:57pm
    I will be spending a lot of money on my new herb and vegetable garden. I reckon around $800 will do it. I want it big enough so that I can share it, especially with the neighbours. I figure I'm not the only one who is about to go through a tough period. As I water I will be looking for those green shoots Hockey keeps raving about. :)
    Patriot
    5th Jun 2015
    1:02pm
    Frank
    In Joe's case, these "Green Shoots" may be dried and then put into his cigars.
    That sort of thing is illegal for mere mortals like us --- you know that don't you?
    Adrianus
    5th Jun 2015
    2:47pm
    And how will your spending habits change Patriot? Will you be looking for a bigger cave to live in at half the price somewhere overseas like many other posters?
    Many are arguing that Cambodia is not much of a step up for the economic migrants at Nauru who are fighting to get into Australia through the back door. Meanwhile those who have lived here in OZ for some time are planning their escape to places like Cambodia. ???
    Patriot
    5th Jun 2015
    4:02pm
    Frank,
    I don't know how old you are but, as you - by judging from your attitude - seem to be quite well off, go to a good doctor and have them check your alzheimer's or dementia.
    Either you're forgetting to "read my posts" or you're just NOT or SELECTIVELY" absorbing or comprehending them. It "Just forgetting" and option if you've read them more than 5 minutes ago !?!?!?
    Otherwise, you should "well & Truly" understand my conviction relating to "Escaping from Australia" to Another country!

    As far as the "Green Shoots" in Joe's cigars is concerned: "Thinking about it, that MUST be why he does Not see anyone else but himself and his crim mates".
    Adrianus
    5th Jun 2015
    5:53pm
    Patriot, you are correct, I don't read every post. I don't know how my attitude could reflect that I am quite well off? Or indeed that I have Alzheimer's or Dementia? I would be the first to admit that I know nothing. Just don't understand why there are many posters here trying to convince me of that??? he he he I already know. :) I'm just learning what I can.
    Anyway, I figured by your handle that you wouldn't leave. Goodonya mate!
    MICK
    5th Jun 2015
    10:19pm
    You are a tough one to work out Frank but your continual actions of putting the boot into Labor, even when the topic has nothing to do with politics, is a clear sign that you are not a benign poster as you claim.
    As I have said before you are posting political advertisements and you appear to be doing this under several names.
    STOP or go away!
    MICK
    5th Jun 2015
    10:23pm
    Frank: in regard to your continual accusations of the ABC being leftist - I hope you saw the interview on the 7:30 Report a couple of nights ago. Tony Burke (Labor) was being interviewed and copped a bit of a shellacking. Have not heard anything back from you about this and I imagine that you would have analysed the interview at Party HQ by now. Your credibility just keeps slipping mate!
    Adrianus
    6th Jun 2015
    9:03am
    mick, I'm a tough one to work out????
    I'm looking for green shoots what are you looking for ???
    No I didn't see the 7:30 Report. I imagine they would be testing out Tony Burke to see if he really is capable of replacing Bill Shorten. Judging by his childish antics during question time, I would think the ABC has some reservations. The ABC is in a quandary not wanting to offer too much support for Shorten because of his history and not seeing anyone else who can step up to the plate.
    As Shorten explained to the 60% of Laborites who voted against him, there are no more messiahs left in the Labor ranks. It's a pity they did such a job on Kevin 007, you remember your old boss? The guy who couldn't export a jar of vegemite? They did a good job on Mark Latham too. Trouble is Labor have made sure there is not a messiah within cooee.
    Patriot
    6th Jun 2015
    9:48am
    Frank,
    For once, I agree with you.
    However, any leader MUST be better and more benevolent that the "DEVIL & his MATES" who are in charge now and has nothing to offer.
    Fancy, last year we were "Heading for Disaster" and this year, whilst the situation has drastically deteriorated, ALL IS ROSY
    MICK
    6th Jun 2015
    8:37pm
    Same crap as always Frank. You turn around the lambasting of Burke by Lee Sales as "testing out Tony Bourke to see if he really is capable of replacing Bill Shorten". What a load of crock. As normal you are attempting to attack the current leader of the Labor Party using non related information.
    And you believe that people cannot see that you are a government troll?????
    As I keep saying...STICK TO THE TOPIC rather than running political advertisements. In all of this you had no answer to the interview as it clearly shows that the ABC attacks BOTH SIDES of politics. Your issue and that of your boss is that both of you cannot accept that you have to be held to account for dishonest policy and betrayal. You do.
    Adrianus
    6th Jun 2015
    9:29pm
    mick you cant have it both ways. You asked for a comment on the Leigh Sales' interview and that's what you got.
    jeffr
    5th Jun 2015
    3:20pm
    Correct me if I am wrong, I am absolutely positive that a Headline being screened on the ABC News as a written comment stated "Social Security has warned pensioners not to spend assets" Can Management of Life Choices please look into this by contacting the ABC and find out why this headline suddenly disappeared and who was responsible for that statement.
    jeffr
    5th Jun 2015
    3:42pm
    15 hours ago ... Related Story: Abbott targets 'liquid assets millionaires' in changes ... The Social Services Department has warned pensioners against selling off assets to ensure they can ... "But that's not really the case, because they would actually be ... brigade joins boycott against SA Government · WA to spent $500k to ...
    jeffr
    5th Jun 2015
    4:01pm
    It is true....Having been prudent and sensible all of our lives Morrison and his Mates believe we can no longer think for ourselves to obtain the best outcome for our future.
    The Social Services Department has warned pensioners against selling off assets to ensure they can still qualify for the pension, telling them it could lower their standard of living..
    Radish
    7th Jun 2015
    8:17am
    How long do people expect to live? I do not envisage going more than another 20 years.!
    Adrianus
    7th Jun 2015
    9:02am
    There's no dispute there! If you dispose of assets then you will lower your living standard. Julia Gillard said much the same thing. I don't understand stubborn oldies wanting to aspire to welfare because 100 years ago there was no means test. Well now there is, and for good reason.
    Bonny
    5th Jun 2015
    9:21pm
    Just another way to get the economy moving. If people won't spend then make them think spending is a good idea and it looks like it may be working with retirees changing their spending habits.
    MICK
    5th Jun 2015
    11:00pm
    I am thinking that the strategy might be to spend up and have a good time so that with less assets a full pension might be available. Not a bad strategy but one is assuming that there will be money there to pay pensions in the future and that future governments will not decrease the amount of assets you can have again. Also, always good to have a few bob invested somewhere for a rainy day....but probably not in cash which erodes away with inflation over time. Hard one!
    Young Simmo
    5th Jun 2015
    11:38pm
    OK, I have had enough of all this Gobbeldey Gook, and at the risk of being shouted down, I am going to change the subject completely. ARE YOU READY???
    XXXXXXXXXXXXXXXXXXXXXXXXXXX
    Does anybody know why none of our daily comment shows on TV like, To-day tonight, 60 minutes and 7.30 etc, have never asked a Police commissioner etc the following question.
    If holding a mobile phone at the SIDE of your head is so deadly, why is holding a UHF microphone IN FRONT of your face completely harmless?
    If it is not harmless, why is it not policed?
    The only reason I can think of is, Police, Taxi Drivers, Truck Drivers, Caravaners, Delivery Drivers, and the Prime Minister’s driver, Etc, Etc, Etc, use UHF Mikes, and it would be toooooooooo Hard.
    Patriot
    6th Jun 2015
    7:05am
    Young Simmo
    To me there is NOT a difference and they should be nabbed the same as the rest of us.
    They are endangering themselves (Nanny State) as well as everybody else to the same degree!

    Their excuse might be that they are "Professional Drivers" and they can handle it! What a laugh this would be if the fines were not so expensive.
    Won't be long before we won't be able to talk to the passenger because this is distracting the driver.

    ALL REVENUE RAISING THAT'S ALL
    Adrianus
    6th Jun 2015
    8:03am
    Young Simmo, it's a little like drinking alcohol or homosexuality, or using union members money for personal expenses. If everybody is doing it then ask will it rock the boat to make it legal? If yes, then look the other way. Seriously though, I use UHF and I would think there is more danger in not having them. Although some do have a social chat while driving and I'm guilty of having a brief chat to the odd long distance hauler, but I figure if they are close to me on the highway I may just be keeping someone awake. I don't know what the stats are but I would be surprised if UHF is causing anywhere near the accidents comparible to mombile phones because UHFs bring focus to your immediate activity (driving) while mobiles shift your focus off driving.
    Patriot
    6th Jun 2015
    8:25am
    Frank,
    I could for exactly the same argument for TALKING on mobiles (in general).
    This excludes texting of course.
    However, our legislators COULD (if they elected to to so) enact some "Useful Legislation" for a change.
    Now that GPS just about is a standard option on mobiles, they could force manufacturers to include a few more "Lines in their Software Code" which ensure that, when moving in excess of say 5 kms/hr, "texting facility" is automatically disabled. Now there is a "Take Home" message!
    Unfortunately, whilst such action would TRULY enhance safety of the public "in General", it will never happen as, sad enough, it will reduce REVENUE.
    Adrianus
    6th Jun 2015
    9:21am
    Young Simmo, I agree with your attitude on this one and in general. It is a much better social outcome to stop people doing the wrong thing rather then catching them in the act. To that effect I have noticed some electronic signs on the road saying " Your speed is 59klms congratulations and thank you for driving safely." As we learned with the HSU scandal et al, people behave according to the expectations of others (Pygmalion) so I believe in the stick , carrot and persuasive influence.
    Radish
    6th Jun 2015
    4:23pm
    Was watching TV the other day and this "expert" says talking hands free is just as deadly has holding a phone to your ear.
    Both should be banned.
    Personally I never have my phone turned on while in the car if I am driving.
    Young Simmo
    6th Jun 2015
    4:47pm
    Yeh, I often punch info into my GPS while driving, but I only do it with my wife in the car. That way she screams "DARL", when I start going to the edge of the road.
    Adrianus
    6th Jun 2015
    5:01pm
    My GPS refuses to let me do anything unless the vehicle is stationary. I began using a hands free mobile in the car about 25 years ago and didn't find it hindered my driving. However I have now stopped answering calls while driving because I now find it difficult to whistle and dance at the same time.
    MICK
    6th Jun 2015
    8:40pm
    My point exactly Frank: now it is the HSU scandal. So what relevance is this to simmo's topic? Answer: none.
    I note you omitted Tony Abbott's travel rort deception and other Liberal sins.
    Stick to the topic and stop trolling for your boss Frank.
    Adrianus
    6th Jun 2015
    9:42pm
    mick I was just eluding to something Craig Thompson said in his defence. Everyone does it so it must be either legal or ok? It is common practice for unions to have lots of cash. I know a union (just for example) which has a weekly membership fee of $15 in one state they have 31,000 members. That's around $24m pa for the 6 union staff to administer. So they commonly have slush funds and a special type of accounting unlike a normal business to keep it all tidy. What are you saying mick???
    jeffr
    7th Jun 2015
    11:05am
    So why don't you go to the Police Frank? it appears that your just S**T STIRRING and do not have a genuine input. By the way I am not Labor or Liberal but just want to see a true HONEST and FAIR DEMOCRACY with all HONEST POLITICIANS
    Young Simmo
    7th Jun 2015
    11:54am
    BOY, changing the subject in here is harder than getting Frank and Mick to kiss and make up.
    OOooooop's, that's the wrong subject to, now where were we talking about blokes kissing?
    Adrianus
    7th Jun 2015
    3:00pm
    That's ok Young Simmo. I was talking earlier about how I was going to spend my spare cash and above was on your topic before getting attacked by the defenders of the Unions. If they were to watch some of the live feed to The Trade Union Royal Commission they wouldn't be so ignorant.
    It really is an eye opener.
    Mary
    8th Jun 2015
    5:00pm
    Buying a bigger house is a ridiculous option - I am not eligible for a pension but if I sell (real estate fee, moving costs, and stamp duty on new abode) I have still given the tax man etc most of the money I would get on a part pension - some schemes just don't add up. Also why should the taxpayer pay for my child's inheritance Fair is fair - my taxes went on schools, police, roads etc.
    Not Senile Yet!
    9th Jun 2015
    9:54pm
    For those of you who have trouble voting for an Independent Next Election because they might not get in.......see below:::::
    First get your Donkey How to Vote Card from your preferred Party!
    Then proceed to list all the others copying the card except the No.1.Spot.
    Once finished....put the Independent in the No.1 Spot!
    This will allow your preference to count towards your Corrupt Party Puppet so he can still get up and do what his Party tell him to do.
    However...if you want to object to your Party and what they are doing......suggest you do the opposite!!!
    Take the Donkey Card for your Party.....it's called a donkey card because you are the donkey.....then reverse all the suggestions so that their puppet is last!!!!!!
    Guess what????
    It is entirely likely that the Independent is last unless a Communist Party Member is standing!!!!
    But Hey....If your are tired of being treated like a DONKEY....then maybe you should study each persons FORM...just like in a horserace.....you know.....see who the trainer (Party) is....see who the Jockey (Backer) is.....then check out the Horses form (History)
    is.....maybe you just might educate yourself enough to know that Most of them simply aren't worth backing(voting) at all!!!!
    Simply put.....you need to stop throwing your Vote (Dollars) away on a bunch of Losers(Puppets).....just to stop being a DONKEY!!!!
    Alan
    9th Aug 2018
    12:42pm
    I noted the comment that "several financial advisers are proposing that part-pensioners now re-invest their superannuation savings into upgrading to a more expensive family home in order to bypass the limitations that will occur under the proposed asset test changes."

    I find this ethically offensive. The pension should be at a reasonable rate should be for those who really need it and not for those who can manipulate the system to get an additional benefit and thus increase the overall cost of pensions and putting downward pressure on keeping pensions low.


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