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NewsTime to give the over 50's a voice in budget debates on tax, retirement and work
Time to give the over 50's a voice in budget debates on tax, retirement and work

Time to give the over 50's a voice in budget debates on tax, retirement and work

As debate hots up before the Federal Budget, it’s time to gauge the views of those most affected by the hip-pocket issues being discussed – the over-50s.

The 120,000-member FiftyUp Club has today launched its second annual pre-Budget survey, asking the over-50s what they think about:

  • Pensions and superannuation
  • Negative gearing,
  • The GST and
  • Working to age 70

Consumers over 50 can now give their views HERE on big questions such as whether access to the pension should be more strict, the GST should be extended, or negative gearing should be ended.

They’ll also be asked about work experiences ahead of the inquiry into discrimination against older workers, announced this week (see Appendix).

Last year’s FiftyUp Club Budget Survey attracted more than 6,500 responses on pensions, Medicare and other issues and was presented to the federal government. The same will be done this year.

“Big decisions in these areas affect us not just now but well into the future and will impact on how we plan, save and prepare — so it’s vital we have a voice in these debates,” says FiftyUp Club guest commentator Christopher Zinn.

“As a group with age and experience, but not always money and influence, we need to let decision-makers know what we think before it’s too late.”

The FiftyUp Club has over 120,000 members and uses their buying power to negotiate special offers and lobby on their behalf. It’s free to join at FiftyUpClub.com

Click Here to take our 5-Minute Survey

 

 

APPENDIX

Recent Budget Related News

  1. ‘Stop rich from using negative gearing to offset wages, save $1b : ACOSS’, Sydney Morning Herald, 16 April 2015 by Nassim Khadem Read Here
  2. ‘How a 12 per cent GST could deliver a $100,000 earner an income-tax cut of $34 a week’, News.com.au, 1 April 2015 by John Rolfe Read Here
  3. 'Tony Abbott pledges to protect our superannuation: No changes during his term of government and beyond’, The Daily Telegraph, 16 April 2015 by Simon Benson Read Here
  4. ‘Age Discrimination: Federal Government inquiry to examine barriers older workers face in finding jobs’, ABC Online, 15 April 2015 by Nick Dole Read Here
  5. ‘Opinion: Politicians can’t be trusted to make decisions about superannuation’, Courier Mail, 15 April 2015 by Jeff Kennett Read Here
Originally posted on .

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Time to give the over 50's a voice in budget debates on tax, retirement and work

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Maurice
Maurice from NSW commented:

I don't have a problem with increasing the GST, if they take off all the other taxes that they promised to take off when it was brought in. EG stamp duty, luxury car tax etc 

John
John from NSW commented:

PENSIONERS SHOULD NOT PAY TAX - LOOK AFTER THE OLD NOW NOT LATER - HAVE NOT THAT LONG TO STAY ALIVE - HELP THE OLD 

Noel
Noel from NSW commented:

Pretty useless survey. Many of the options put words in our mouths which certainly do no reflect my thinking on the subject. Even when "yes" might be the appropriate response, the qualifying comment was invariably irrelevant to my situation or thinking. Any results from this survey would be worth exactly 'zilch'. 

Lawrence
Lawrence from NSW commented:

The GST is the fairest tax available. It should be 15% and apply to everything. Pensioners could be given extra to cover the expected rise in expenditure. I have a real problem when politicians start fiddling with our retirement funds secure that their own retirement will be well catered for even if they were hopeless as a member or a minister. Many farmers and small business people sell their farms and businesses in order to retire. The asset has been built up over many years with after tax dollars. Often holidays are foregone and they don't have access to sick pay and many other conditions of work. They sell the business and start their self managed super fund and the envious start complaining they have too much. Maybe we need to look at the whole of life accumulation rather than the end result. I know that no paid employee ever worked the hours or conditions that my wife and I did so they don't deserve the reward either. Bill Shorten hasn't raised a sweat in his life but now tells me I might have too much super. We are completely independent of government and cost the taxpayer nothing and wasn't that the purpose of super in the first place? The more the politicians fiddle with super the less attractive it becomes. If the politicians want to balance the budget they could start by cutting waste, departmental duplication and subsidies to such things as wind turbines. They should also read history where they would learn that lower taxes result in bigger government revenues. I have always paid a co-payment at the doctors and most people can afford it. If you can afford a TV, a car or a night out you can afford to pay a little for the doctor. No one else is free so why should the doctor be. It is time more people got used to being responsible for themselves and stopped asking someone else to pay. 

margaret
margaret from NSW replied to Lawrence:

Are you still just 'too self indulgent' if you bought a $129 TV because you can not afford 'nights out' and can only use your private transport on a full moon allowing it to reside in the broom cupboard at all other times? 

margaret
margaret from NSW replied to Lawrence:

Are you still just 'too self indulgent' if you bought a $129 TV because you can not afford 'nights out' and can only use your private transport on a full moon allowing it to reside in the broom cupboard at all other times? 

margaret
margaret from NSW replied to Lawrence:

Are you still just 'too self indulgent' if you bought a $129 TV because you can not afford 'nights out' and can only use your private transport on a full moon allowing it to reside in the broom cupboard at all other times? 

Sharon
Sharon from QLD commented:

questions could have been better ... ie: are all people able to work after 65 the age is already at 67 for people born after dec 1953 so question regarding work after 65 is not really relevant. questions regarding super being tax free at the moment and should the pension rates change would have been more relevant 

Robert
Robert from NSW commented:

GST should be at least 15% and be broad based across everything. Welfare and pensioners can be rightly compensated for this GST. Income tax and company taxes must be reduced to make Australia more competitive. All those small taxes that cost more to implement than they collect must go. It's time tourists contributed more through the GST as we do when we travel OS. Those that operate outside the law and pay only 10% tax through the GST should pay more via a higher broad base GST. Parents can never balance the family budget if the children sitting on the cross bench can veto their family budget. 

david
david from NSW commented:

I am 68 years of age and have a progressive and incurable condition not Cancer, but is it right that someone on a part pension and and part UK and part other I do not have a very significant other source of income, pay $200.00 plus a month purely for services and drugs etc to live and remain in my own home, the age care system is a joke, but I am not laughing... 

Someone
Someone from VIC commented:

afterworkinghardfor47yearsleavemealonetoenjoymyretirement 

Stephen
Stephen from QLD commented:

It is all very well to complain about Joe Hockey, but what of the grubs in the senate both big and small party grubs who are stopping any real improvements to our society. Why should a handful of left wing know nothing greenies have their communistic views forced on the majority? Why are the idiots who have left Clive Palmer still allowed to hold their seats - was not Clive's policies what got them in? Once this rabble of air headed idiots are removed from the equation and the popularly voted in party is allowed to implement what the majority voted for , this country would be better of. How can what we have now be called democracy? The majority is not given the opportunity to actually rule! we are ruled by megalomaniac grubs whose own agenda is more important than the will of the people. 

Alexander
Alexander from NSW commented:

If Joe Hockey is not up to the job to keep the Australia's economy moving in a positive direction and all he can come up with is to hit hard working Australians with more taxes then I suggest he should step down and I'll be more than happy to take over his job. There are other ways of cutting Government spending and raising taxes is NOT the only way to fund the Federal budget. I'm sick of our politicians always asking for handouts from HARD WORKING AUSTRALIANS... As far as my family is concerned we strongly believe that we are paying more than a fair share of taxes and if the Government doesn't know how to balance the budget then perhaps they should find someone who is capable of doing that job. It's not rocket science as everyone has limits when it comes to spending and it's all about how you can best manage your finances. We are working very hard and sacrificing a lot to try to be self funded when we reach the retirement age. We don't like the idea that tax payers should be funding our living into retirement if we've worked hard all of our lives. Everyone that is able to work and continuing to work should think the same way and plan carefully for their retirement and not live beyond their means. For many Australians sometimes it's unfortunate due to circumstances beyond our control that not all retirement plans are successful. The pension should be mostly for the people that encounter hardship and are struggling to survive and are not able to look after themselves. If you've worked hard and paid your fair share of tax then the Government should keep their filthy hands out of our hard worked assets and Super and stop DOUBLE DIPPING on everything that we've worked hard for and ALREADY PAID TAXES ON and hopefully we can reach that retirement age... 

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