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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
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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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Leo
Leo from QLD commented:

Great to have Christopher join FityUp 

chris
chris from NSW replied to Leo:

Thanks so much and great to be here. Very humbled by the number and depth of all the comments. Here is a group of people with legitimate gripes, great ideas and the energy to push the changes through 

Leo
Leo from NSW commented:

Brilliant to have Christopher on the team. 

Arthur
Arthur from QLD commented:

I for one would be quite happy to work well beyond the current retirement age. That assumes there are jobs available. With the current unemployment rate running at around 6%. where are all the additional jobs that older people staying in the work force are going to fill comming from? 

Barry
Barry from QLD commented:

It is time for the Government to further investigate the amount of money that is being paid to so called refugees . In too many instances some have been in our Country for 10 years plus and are still collecting the dole and increasing the size of their families to create further income /benefits for the 5-8 children they have and they live in luxury with all the allowances ie free Housing It is frustrating to have worked up to 2 jobs for 20 odd years in an endeavour to create sufficient funds in Superannuation for a self supporting income on retirement. The Government is now greedily looking at Superannuation for another pot of tax. Why do politicians on losing their seats go onto a pension even if they are years away from retirement age? 

john
john from NSW replied to Barry:

many of us will be called racist for questioning money given to refugees and governments won't tell us and journo's don't seem interested in pursuing it - when I hear we have over 100,000 refugees since 1994 that have never worked and lived on govn benefits (that they would not have got in their previous country) then we have a problem - 

Elizabeth
Elizabeth from QLD commented:

A broad based, overall look at our taxation system,including big business, politicians benefits, bracket creep, tax thresholds, exemptions etc should all be examined in detail by an independent suitably qualified body. All taxpayers have a voice & need to be listened too. Taxation needs to be FAIR & BALANCED !!!!!! 

Jose
Jose from QLD commented:

There must be differentiation on the Super issue between people who have their own home paid off and say over 2 million in the Super or investments. The former should remain under the current protection. The latter, who are significantly better off, should be taxed fairly on their returns on investments. 

Ces
Ces from QLD commented:

How about the Politicians take a cut in their income, and when they lose the election or leave politics they should be just like the rest of us. OUT OF A JOB AND NO BIG HAND OUTS, NO PERKS, AND NO BIG SUPER PAY OUTS, come down to EARTH and be like the rest of us, out of work and broke. And leave our super alone as it is probably the only form of saving that a lot of people have, and they should be able to use it as they want to. 

anthony
anthony from VIC commented:

Neither party has a clear plan on how to take Australia forward ensuring a prosperous future.Examples such as the pink bats,school halls etc show how ignorant ministers of the crown are. There is currently a law available to enforce regarding foreign nationals purchasing properties in Australia, i think it may have been enforced twice.Both parties have made manufacturing in Australia almost impossable and are allowing imported food products into the country which effects our agricultural industries in a very negative way.The food labelling laws are a joke it is impossable to know where food stuffs are from as the label may read made in Australia from local and imported ingredients. Only 5% of imported foods are tested.What hope do the local growers have ?they are bound by strict regulations competing with growers with few if any controls.We have a Prime Minister who floats proposed legislation and if the polls show we don,t like it he changes or drops it.Both sides are only interesed in staying in power neither party it would appear cares about National interests only how to gain or stay in power,pretty tragic. I am 68 years of age and it does not effect me as much but it makes me BLOODY MAD. I feel sorry for my kids and grand kids their future prosperity is being squandered by the ignorant self interests of third rate politicians who could not run a successfull business let alone our country. We get the Government we vote in so it does not say much for the voters of Australia. 

Marjorie
Marjorie from NSW commented:

Marj from NSW. My husband & I both 75 years old self funded retirees. I was a Critical Care nurse, retired from work at 67 when my husband had a stroke to look after him. I would have continued to work until 70 but reduce my hours to 24 hours a week.I never experienced age discrimination infact many hospitals would ground to a halt if all nurses retired at 60. The present interest rates are of concern to us and affecting our income , it has reduced by 50%, it is time the Reserve Bank paid some consideration to self funded retirees. 

Sharron
Sharron from NSW commented:

As a 64 year old, it is disappointing to think that the current government might stretch the age of retirement back to 70. I already many have to keep working past 65, but I would like the option of of retiring before I reach 70 and not be pressured into having to work for another five years. We never got any handouts from governments during the time when we were young and having children, except school shoes allowance and child endownment. Yet there are no current incentives for us over 50's to even consider working on and current employers already have a mind-set in avoiding employing the over 50 anyway. I work as an Aged Care Carer and the work is plentiful and the pay is low. I am employed at Casual Rate and am already penalised by having no sick leave pay and no holiday pay and governments think that $25/ hour covers bases, well it does not and $35,000 p.a. is not enough given the high cost of living in Sydney. I like working and I love working with the elderly, but it won't be long before I join them. 

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