Find out how your vote will affect your hip pocket

RateCity has created a calculator that informs you of the personal cost of your vote.

Find out how your vote will affect your hip pocket

Australia’s leading financial comparison site, RateCity.com.au, has developed a first-of-its-kind financial calculator that helps voters understand how some of the key election issues may hit their hip pocket.

The Vote Calculator turns dry policies into real-life questions that people can weigh up before voting.

RateCity’s Money Editor Sally Tindall said the calculator was an innovative way to raise awareness of the issues that will directly affect household finances.

“The Vote Calculator is a unique way of visualising how each of the three main party’s policies could affect you,” said Ms Tindall. “For example, if you have two young children in day care, you could be as much as $5000 ahead under a Labor government as opposed to a Coalition government, at least until 2018.

“Alternatively if you’re hoping to negatively gear an existing property in the future, then a Coalition government could potentially mean you’ll be able to write off more on tax.

“The calculator focuses on areas where there are significant differences between the three parties in areas such as tax, education, child care and superannuation, but we’ve also added in things like the tobacco excise where you’ll far better off quitting regardless of who wins.

“In some cases, it’s near impossible to tell the parties apart so we’re hoping to help clarify some of the confusion out there,” she said.

Ms Tindall said the calculator was designed to be a fun, engaging way to get people thinking about their own personal finances.

“We’re not out to tell you how to vote. Rather we’re looking to contextualise the financial issues ahead of polling day, because ultimately what’s going to affect you day-to-day are policies with financial implications attached.”

To view the calculator, click here.

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    COMMENTS

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    Kaz
    1st Jul 2016
    9:51am
    I would love for us to care more about others, including animals and the climate.
    Old Geezer
    1st Jul 2016
    5:00pm
    All animals belong on farms not in towns and definitely not in people's houses.
    PIXAPD
    1st Jul 2016
    10:10am
    I do NOT vote, no Christian should
    Anonymous
    1st Jul 2016
    11:00am
    If you want to keep your Christianity you SHOULD vote, or you may find your arse pointing towards the sky in the future.
    Sundays
    1st Jul 2016
    11:48am
    Ah Fast Eddie, you're a crack up! Seriously, why wouldn't you vote. People have died for the rights we take for granted in this wonderful country.
    PIXAPD
    1st Jul 2016
    2:35pm
    Keeping Christianity has nothing to do with voting or any Govt, or anything else..but the Lord who builds HIS congregation.
    PIXAPD
    1st Jul 2016
    2:46pm
    I haven't voted for over 35 years and always give a 'reasonable' excuse for failing to vote, and never been fined.

    I might add that even though they say that voting is compulsory, in reality it is NOT, for no one can force you to vote. What is compulsory is that you get your name marked off the roll, which may as well be a sausage roll for all it's good; inasmuch you could screw the ballot paper up, write anything on it etc etc. Thus having your named crossed off a roll is NO proof you voted at all
    KSS
    1st Jul 2016
    4:20pm
    I tend to think if someone fails to register a valid vote they give up their right to criticise regardless of the outcome.
    jeffr
    2nd Jul 2016
    1:34am
    KSS,

    I am not one of your supporters but in this case your reply to PiXaPaD is 110% correct.
    Needy not Greedy
    2nd Jul 2016
    10:11am
    If there is a Lord mate why hasn't he sent three bolts of lightning down and and destroyed the Liberal, Labour and Green mongrels that continually target pensioners and seniors instead of having a crack at tax dodging banks and corporations? If your talking to him tell him to get his shit together, maybe fire one into Centrelink while he's at it.
    MICK
    1st Jul 2016
    11:02am
    It would be nice if people understood the implications of the $50 billion tax money transfer from poor to rich. These obscene tax cuts will have to be paid for by workers. That means new taxes and higher taxes.
    May the intellectually challenged be happy with the results.
    wally
    1st Jul 2016
    12:47pm
    The tax cuts and other "benefits" will be paid for by our tax paying children and grandchildren.

    I am always intrigued by the logic of people that say they would do anything for their children and grandchildren, yet vote their support for government policies that will bury these same kids and grandkids under a mountain of debt.
    Anonymous
    1st Jul 2016
    2:33pm
    Mick, the idea of the proposed tax cuts is that businesses will be able to invest more, grow and hire new employees. The additional taxes paid from higher profits and PAYE employees should raise more than the $50 million over time. You have no proof that there will be newer or higher taxes.
    JOHN T
    1st Jul 2016
    2:39pm
    right on Mick hopefully there are not to many intellectually challenged we can only hope
    Old Geezer
    1st Jul 2016
    4:31pm
    Mick that $50 billion is not going to vanish into thin air. It is actually going into businesses that pay tax at 30% which is higher than a lot of people pay. Those tax cuts can be used to help businesses make more profit and therefore pay more taxes. It will help our kids and grandkids get jobs and be better paid. These tax cuts will not be paid for by anyone.

    1st Jul 2016
    11:04am
    Hopefully, this election's results will not be like those of the past when we were continually PROMISED a better financial future by the LNP and Labor and Greens only to find out AFTER the election that we had been LIED TO and were even worse off, again. MAKE YOUR VOTE COUNT!
    Anonymous
    1st Jul 2016
    11:17am
    If the LNP is elected, we will all be worse off and YES, we'll discover we were lied to. Turnbull even warned us that what he said he'd do before the election and what he will do after are two different things!
    MICK
    1st Jul 2016
    11:56am
    As I have raved on for a while Eddie what you say is precisely what is going to happen. The only variable by how much and who the winners are going to be.
    It should be clear that the Liberal Party will be sending boatloads of money to their wealthy funding providers, paid for by higher taxes and new taxes. Likely Labor will have to cut back on some promises but at least the money will be put back into Australia rather than the pockets of the rich.
    We'll all know in 2 days time.
    Anonymous
    1st Jul 2016
    2:30pm
    Rainey, you are quoting the lie that Shorten has been spruiking. His quote taken out of context has been shown to be untrue by a number of media.
    Old Geezer
    1st Jul 2016
    5:03pm
    If Labor gets in watch out as they will be after every penny they can get to fund all their spending promises. Your house will be included in the assets test and yes you will pay more to visit your doctor and for your poisons.
    Janus
    1st Jul 2016
    11:16am
    I am gobsmacked, (actually not that surprised) how people think of satisfying their own personal greed first, their children's second, their town's third and the nation about number 15.

    This is a FEDERAL election, not some auction for a local road or a pool or something. We are looking at big issues, not the school hall or a $5 a week tax break.
    MICK
    1st Jul 2016
    11:58am
    Human nature.
    Old Geezer
    1st Jul 2016
    5:10pm
    Yes it what's in it for me first, second and third.
    jeffr
    2nd Jul 2016
    1:42am
    Hey Geezer....

    That's exactly what a LNP voter thinks ???? is that correct?
    Cautious
    1st Jul 2016
    12:42pm
    Like we'd actually believe this.
    How gullable are we supposed to be?
    Or maybe, how gullable are we actually?
    Cautious
    1st Jul 2016
    12:46pm
    Let me add something....
    Let's say I don't get a $5 tax cut, cost = $5.
    But I keep my job, savings = $10.
    I'm better off by $5?
    Anonymous
    1st Jul 2016
    1:11pm
    No, you are not. The government is better off by the $5 tax cut you DIDN'T get and they STILL get the tax from the $10 you make from your job. So you are even WORSE off, they are a lot BETTER off and they STILL couldn't care any less about your welfare.
    You vote LNP or Labor this is the scenario. Think twice.
    Cautious
    1st Jul 2016
    1:32pm
    So the calculator is working out how much better the Government is depending on the policy but they express it in terms of electors being better off?
    Sounds like the chemist telling me how much I've saved.
    Cautious
    1st Jul 2016
    1:34pm
    I meant to say how much better OFF the government is.
    floss
    1st Jul 2016
    1:23pm
    I am a proud aussie pensioner I would be a fool to vote for any party but labor.
    Anonymous
    1st Jul 2016
    1:57pm
    Your name says it all.
    Yer man
    1st Jul 2016
    1:25pm
    To vote FOR or AGAINST a party, now that is the question .
    Anonymous
    1st Jul 2016
    2:09pm
    You are actually doing BOTH when you vote, even if you vote only ONCE.
    Ayin
    1st Jul 2016
    1:53pm
    The biggest lie that we have been told is the notion that unless our local member is aligned to one of the major parties they will be ineffective. Our system began without parties and the idea was that your local representative put forward what they thought their constituents wanted, so voting independent would not be a wasted vote Mal.
    Anonymous
    1st Jul 2016
    2:41pm
    You're quite right Ayin that how you vote would not be a wasted vote. You have the right to vote however you choose and your choice should be respected. I understand that a Senate as full of non-aligned as the last one could make the passing of legislation more difficult. As an example, Lambie declared that she wouldn't vote for any legislation by the government unless they increased the pay and conditions for past and serving defence personnel. This is hardly treating each piece of legislation on its merits.
    Old Geezer
    1st Jul 2016
    5:05pm
    I will not vote for any pollie that holds the government to ransom like Lambie does.
    JOHN T
    1st Jul 2016
    2:35pm
    the calculator hopefully will wake up some of the older people on the advantages of our votes to some it all up please do not vote Liberal
    Anonymous
    1st Jul 2016
    3:27pm
    What are we supposed to vote labor have a look at there leader Shorten never had a job in his life and you want him and the unions to run the country I can only remember him making a big fellow of himself at a Tasmanian mine as a miner died . Oh as well selling down the workers increase wage for $40000 to go to his union.

    Also John T have a look at his cabinet same old fools from before Conroy, Bowen (as Treasurer he can"t even add up) Albanese, Wong, Burke all of these useless none of them ever had a job all union hacks .
    I would think you would want to vote for someone that may have some business sense and can pass on some successful ideas of how to run the country. But perhaps not.
    KSS
    1st Jul 2016
    4:29pm
    The calculator is rubbish. It makes outlandish assumptions about who is actually using it and those assumptions are a very narrow section of the community which does not include single adults who own their own homes with an interest in both shares and investments (for retirement wealth building) and health and education (for the future of the nation's children - although not having any themselves) and environmental interests (because they support alternative fuels for the future). Looking at each question and the limited choices allowed you can see immediately which way the answer will come out even before answering the second question. Not worth the time taken to do it!
    Old Geezer
    1st Jul 2016
    5:06pm
    Calculator tells me I should vote Liberal. Who am I to ague with that?
    Old Geezer
    1st Jul 2016
    4:59pm
    That's it the calculator says I should vote Liberal. So who am I to ague with it?
    Alex
    1st Jul 2016
    8:12pm
    From Senator Jacqui Lambie
    “Liberal lies won't distract me from Aged Care cuts.
    Wednesday I met a high-level delegation from Aged and Community Services Tasmania who warned me about the Liberal's savage $1.2 billion cuts to their sector, which start today.
    For Tasmania, these cuts mean $40 million cut from the Aged Care Sector over four years, 750 Tasmanian workers' jobs at risk - and let's not forget the welfare of all our seniors being looked after by the Aged Care industry.”
    "I have not done a preference deal with any party let alone the bloody Greens". JL

    This is what the main parties have done but they have made no mention at all of seniors
    Alex
    1st Jul 2016
    9:43pm
    Correction
    This is what the main parties should have done but they have made no mention at all of seniors
    PIXAPD
    3rd Jul 2016
    3:33am
    I'm happy that I do not vote...I shall never support reprobates of same sex marriage
    Anonymous
    3rd Jul 2016
    12:17pm
    The reprobates are happy you don't vote too. And, since you don't vote you have NO reason to complain about ANY results.
    PIXAPD
    3rd Jul 2016
    2:44pm
    I can speak on any results I like


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