Friday Flash Poll: Are new pension changes enough?

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New changes to the Age Pension could come into effect as soon as 1 July, and we’d like to know if they’re enough to have a positive impact on your retirement.

Over one third of Australian pensioners live below the poverty line. Many of these people do not own their home. Many can’t find employment, whether they are denied the opportunities afforded younger people or are not fit to work, and many don’t have enough savings or assets to even consider lifetime retirement income streams. So how will these changes have any effect on them?

Once again, it seems that most of the changes will benefit the already ‘comfortable’ retirees – which is great – but what of those who are actually doing it tough?

Read Kaye’s article for a full explanation of the coming changes. Will the new pension changes actually improve your retirement?

Friday Flash Poll: Will new pension changes improve your retirement?

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And, of course, we welcome your opinions in the comments section below.


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Written by Leon Della Bosca

Leon Della Bosca is a voracious reader who loves words. You'll often find him spending time in galleries, writing, designing, painting, drawing, or photographing and documenting street art. He has a publishing and graphic design background and loves movies and music, but then, who doesn’t?

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124 Comments

Total Comments: 124
  1. 0
    0

    Oh no , not the “One third of pensioners living below the poverty line” nonsense
    This imaginary poverty line myth has been debunked time and time again, yet the opportunists use this lie time and time again to promote their agenda
    As soon as I read that, I lost interest in this yet another leftie biased article

    • 0
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      Not all pensioners are self funded and not all have the luxury of owning their own home. Take away $500 per fortnight for rent and they don’t have much left to live on and pay bills. You need to have a look at just what is considered the poverty line. I am amazed the comments on this site are of a nasty nature in regard to others. It’s not left or right based, it’s making sure all Australian’s can live with dignity.

    • 0
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      Lothario, toy are a fool! You come on here to store people up, yet, you know nothing!
      Have you any idea what poverty is? Do you not understand that some elderly people are really struggling with what they get?
      It has nothing to do with left or right ie anything else.

    • 0
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      Once again, Lothario, you are quite correct.
      Sunday, Mick et al are far more interested in mindless loathing than they are in unequivocal facts.

    • 0
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      Who do I loathe Not a Bludger? That’s right this current Liberal party who no matter what the topic start every response with, Labor did this, Labor will do that. For two terms it has been difficult to get beyond the hubris as to what they will actually do. Well, if the Libs ‘have a go, they might get a go’ .

    • 0
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      Straight from a ‘righty’ bastard. Supported by one of the trolls.

      Loathing, envy? etc. You don’t know what you are talking about Bludger. FYI we have NEVER drawn $1 of pension nor have we utilised the fraudulent schemes of arrangement put in place by the top end of town (you?) to avoid paying taxes. You?

    • 0
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      Luckily most people have compassion and caring for the vulnerable people in our society, Lothario, without those attributes you’re just a narcissist.

    • 0
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      If people can’t live on the pension then they are simply living way beyond their means. We live on less than Newstart ourselves.

    • 0
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      BS OG. You can only do that if you own your own home, have low rates, never go anywhere, go to Maccas twice a year and shop at Aldi for everything.
      You are full of it and you are very well off. Just lying like your political master. Rats of a feather lie together!

    • 0
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      Some of the comments here against people on social safety net are contemptuous and detestable lies. Just another batch of contemptuous fascist trolls. It’s people like them that you might see drowning in a lake, you just walk by and let them drown.

    • 0
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      Well, if the Libs ‘have a go, they might get a go’ . There’s always a first time….

      Actually the debunking has been the other way – and the problem always remains that not matter how much Social Security rises (whatever component of SS it is) other costs always rise to meet – same as with wage rises, which, BTW, always pursue endlessly rises in costs of living, and not the other way around.

      For historical confirmation, you need only look at the advent of the MADIF (Mandatory Dual Income Family) on home prices, the never-ending spiral of rising costs forcing rising income demands due to ‘privatisation’ and other failed government moves,the mandatory rise in cost of public housing for any rise in ‘pay’., and so on endlessly.

      There is always some vulture/parasite out there ready, willing and able to look at the market, force a rise in cost, and then whine about how much wages/incomes are costing, since they are inevitably forced to rise to meet.

      I’ve given the example of a worker forced to travel motorways daily to get to work – and the pressure that puts on their NEED for income.

      This endless variation on a theme is the REAL inflation we are enduring, since with every rise in cost and every rise in income required to even keep up, the real purchasing power of the dollar declines.

      Of course, this impacts most on those on a limited and defined income – all of who are either in no position to upgrade income or must wait for the crumbs to fall from the overfed government table….. before taking the next rise in costs on the chin until the next set of crumbs fall.

      In any thinking population, this is the stuff from which revolutions arise…. oh, well – I did say thinking population…….. no wonder our Guv’Nah of Two Parties floods us with semi-literates, innumerates, and social retards from Third World nations – people who think $10 an hour is a fortune and who never rock the boat because the boss holds total power.

      They want unthinking sheep who will take sh1t handed to them and think it’s gold by comparison with conditions from which they came….

    • 0
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      Hello all, I have come back and taken a look at this web site after quite some time and the first view quickly reminded me why I took myself off the YLC mailing list. I have never come across such a group of mean, grumpy, nasty, old people as a lot of those who comment on this web site! I’m a self funded retiree and I do feel sorry for a lot of those who are trying to live on only the old aged pension as I’m sure that it is very tough but I started saving for my retirement when I first started work at 17 and I was able to retire at 58 due to smart investing and and some luck along the way. Just because someone disagrees with you does not make them a ‘leftie’ or a ‘righty’ or what ever is opposite to your particular political views. Previously, I tried to have discussions on the issues but that proved impossible on this forum as people always brought politics into it! Anyone who ALWAYS votes the same way in politics is very foolish, in my opinion, as you need to change your politics from time to time to try and achieve the right outcomes. Hello, Mick, you are the classic example, where if you don’t like what somebody says you label them and then, in your mind, you can dismiss their opinions without coming up with a legitimate argument. Still banging on about the ‘Top end of Town’ I see. Looks like envy to me!
      Hello Old Geezer, still trying to fight the good fight, I see. True to form, Mick immediately brands what you say as BS, brands you as well off without probably having any idea of your financial circumstances, and then calls you names. He never was much good at serious debate! Keep trying Old Geezer, but I, however, have much better things to do with my time like rearrange my sock drawer, manicure my nails or iron my underwear!
      TREBOR, nice to see you making some insightful comments. You make a very good point in your comments today.
      The fact remains that the biggest cost to the federal budget, by quite some margin, is welfare, and the biggest part of that welfare cost is the aged! It won’t matter which party wins government they don’t have any money to pay for a decent increase in the old aged pension, it is simply too big a hit to the annual budget so I wouldn’t get your hopes up too high, regardless of who wins the next election!
      So keep on arguing with each other, calling each other names and dancing to the tune of the people who run this website and all to achieve ABSOLUTELY NOTHING! I’m not sure why YLC started sending me emails again, after all this time, but it was good to come back briefly and see how much better off I am without this crap in my life. If you take my advice, people (and you won’t!) take yourselves off this mailing list and find something much better to do with your time (shouldn’t be too hard) and stop arguing with each other. Life is too short!

    • 0
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      Just the sort of contribution that is bound to win plaudits herein – NOT – particularly coming as they have from a one eyed trouser snake eh GreyViper.

      My tuppence worth aside, at least that’s how I imagine the response (if any) will pan out, good onya!

    • 0
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      What are your views on the issues, Mad Dog?

    • 0
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      Well said GV, sorry to see you go.

    • 0
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      I feel this forum brings out a lot of nasty people . No compassion or empathy. I think the old saying “don’t judge until you have walked in my shoes “ but no they won’t because that will take them out of their judgmental ivory tower .

  2. 0
    0

    Oh no , not the “One third of pensioners living below the poverty line” nonsense
    This imaginary poverty line myth has been debunked time and time again, yet the opportunists use this lie time and time again to promote their agenda
    As soon as I read that, I lost interest in this yet another leftie biased article

    • 0
      0

      Yes Lothario another leftie biased article unless of course you are one of the pensioners who are living below the poverty line, which you clearly are not. Give it a rest. Oh but you are one of those rightie biased opportunists.

    • 0
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      Yes Lothario another leftie biased article unless of course you are one of the pensioners who are living below the poverty line, which you clearly are not. Give it a rest. Oh but you are one of those rightie biased opportunists.

  3. 0
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    oi harLot, RUBBISH.

  4. 0
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    Lothario, time to leave the bunker. Get out, meet people, take up a hobby, volunteer, read more broadly

  5. 0
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    Lothario has no idea of how real pensioners live. It can be a real struggle for many particularly for people who rent and have to pay medical costs on top of living costs. No much left in the kitty if you rely on the aged of disability pension

  6. 0
    0

    Lothario has no idea of how real pensioners live. It can be a real struggle for many particularly for people who rent and have to pay medical costs on top of living costs. No much left in the kitty if you rely on the aged of disability pension

  7. 0
    0

    I MADE A BIG MISTAKE… I (and my wife) saved hard .. worked 2 jobs.. did overtime scrimped and saved to put money into super to be self sufficient in retirement. We get no concessions and pay full price on everything.. mainly prescriptions car rego etc. We are not wealthy live in an average price house and get nothing from the Govt… we pay our own way. Shorten is now looking to take income away from to go on a spending spree which will mean we are worse off than pensioners.. go figure.

    • 0
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      Yep – Shorten wants to take away your all your savings over and above the asset threshold
      It’s called a socialist egalitarian society where everyone is brought down to the lowest common denominator

    • 0
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      Lothario, on another issue for your rich greedy corporate mates, ASIC threatens maximum jail terms of 15 years and much steeper fines for convicted white-collar criminals

    • 0
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      I agree Dick. It is nothing more than a kick in the pants for those who did the right thing for the country but we have some idiots that want to take over our country and stuff it for everyone. The wealthy can’t wait because they will buy assets at fire sale prices and make a fortune when those idiots do take over our country. That’s right the wealthy will get even wealthier under Labor.

    • 0
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      Shorten wants to take away your savings? The truth is the current government HAS taken away your savings because it gave then to rich Australians as tax cuts.
      Lets get it right troll Lothario.

    • 0
      0

      Abolish franked dividends and do your taxes right – not one cent lost.

    • 0
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      You don’t understand the imputation system Trebor even after having it explained to you hundreds of times
      You’re thick as 8 planks

    • 0
      0

      .. and I’ve explained the truth of it to you hundreds of times, and you are as thick as ten planks.

      Pay your taxes, you bludger….

    • 0
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      Obviously you feel threatened by abolition of franked dividends, Loathie – even though the tax aid is supposed to be included in your gross income for taxation purposes…. it stand to reason that if your tax affairs are being reported correctly, franked and unfranked dividends would make no difference to your gross income – getting something for nothing, are we?

    • 0
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      Again you show your ignorance
      Nfi about taxation and imputation

    • 0
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      Attacking the man won’t help you, Loathsome..

      a. I best you every time

      b. They’re coming for you and your kind…. finally…

    • 0
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      Yes Trebor, from the rants of OGR, Lothario & others they are running scared because the days are well & truly numbered for this corrupt government & their mates.
      Lets see what happens with FC as it needs to be drawn up, debated, adjusted, debated & passed by both houses before it becomes law.
      These trolls are just pushing the fear factor for their own agenda
      The ALP is the alternative as 86.93% of Australian voters are too pathetic to vote outside of the 2 party system.

    • 0
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      yes yes yes OGR, just like Tony Abbott’s promises to pensioners. You are the ignorant one. All you go on about is YOUR FC. Well, according to Bowen you won’t be disadvantaged, nor any pensioner.
      The legislation hasn’t even been drawn up yet never mind debated, amended, debated, reamended, etc etc, It also has to pass both houses & before that even happens there has to be a federal election.
      If Bowen is telling porkies, (I’m sure all the pensioners believed Abbott & Hockey at the time as well) then he & the ALP won’t last will they.
      So how about instead of shouting from your high horse about me, me, me, & flaming & insulting me & Trebor for posting facts, stop worrying about what may happen because most likely it won’t. What will happen if this current LNP government is re-elected is that you’ll be worse off as will everyone else who is retired.
      Oh, & you only need to post once you know we aren’t going to read your same post twice.

  8. 0
    0

    The article is not exclusively about Aged Pensioners! Next time you are in Brisbane, I can take you through the city to meet the homeless people doing it tough! With the attitude of some commentators here, I would not be surprised to see them here on the street before 2030! Many people and families are only one monthly paycheck away from disaster!
    Maybe ScuMo will publish his Vision for Australia in 2030 before the next election and give LNP voters some HOPE? If Shorten can write and publish his Vision too, we may have some idea of the differences between the two Franchise bidders?

    • 0
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      Instead of posting your usual anti climate change propaganda perhaps write some more factual comments like this one.
      This government has destituted average Australians whilst telling them/lying to them that its that awful Labor mob.
      Tax cuts for the wealthy anyone? Company tax cuts to come for the same if re-elected? New coal fired power stations? Government sponsored rail link for Adani with taxpayers to fund it?
      Of course people are one paycheque away from destitution. That’s how the slavery game from the top end of society works.

    • 0
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      Anyone with a job with no savings is one pay cheque away from bankruptcy.

    • 0
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      How would you know OG?.

    • 0
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      Yes OG and the major indexes are starting to fall. Next lot of superannuation statements will shock everyone.
      The UK, US, China, Australia are all over indebted, over priced assets and about to lose untold amounts of paper wealth. The overpopulated and resource depleted countries are in chaos.

      Those one pay check from disaster had best pull their heads in and stop spending.

      We had all better think of how to save the planet or how to survive if we can’t.

      I expect to be manning soup kitchens again in the future. You had to see the US in 2009 or Egypt in 2012 or even Greece then to have any idea of how fast and hard everything falls apart when Governments make stupid , ideological decisions or financial decisions implode.

      Both Parties are unfair to savers but they are desperate now. Everything has been sold or contracted away to privateers and the revenue base is collapsing. This is no accident.

      They don’t have vision. They can’t even see the consequences coming. It’s very frustrating.

    • 0
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      No party extant has any plan or vision for this nation beyond getting into the hot seat and dispensing cash to their personal favourites.

  9. 0
    0

    Everyone Receives a Pension and all Income Taxed at going Rate.
    No Means or Asset Test or any Other “B S”.
    No need for The “CentreLink Police”
    To Simple so it will never happen.

    • 0
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      Actually not Chris.
      The very low Assets test from our current government has knocked out many who earn little more than the pension. We do not get a pension.

    • 0
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      Every one Receives A Pension. That Is Every One than pay Taxes Collectively On All Income Including Pension that you receive. No Asset Tests.

    • 0
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      We always paid our taxes unlike the top end of town which has ways to avoid them. We don’t get $1 of pension but I have no hard feelings other than the unfairness of the wealthy crooks who own the game and make the rules through their (corrupt) political party.

    • 0
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      A+ Chris BT…. it’s the only way forward – but you know politicians won’t accept a measly pension top-up if they have to pay tax on their vastly preferential ‘superannuation’ system, and all the other goodies such as investment properties and business opportunities they’ve garnered while in ‘office’…..

      They earned it all, don’ cha know – by their sacrifice and service to the people….

  10. 0
    0

    What’s a pension? We wish.

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