News

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 .

Join the conversation

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

Share your views with other members. 

Want to leave a comment? or .
Read our moderation policy here.
Barry
Barry from NSW commented:

Get rid of Bill Shorten 

ian
ian from NSW commented:

Invest in our infrastructure..not just for the next 10 years but 20-50 years. Transport routes are log jammed, travel times out of this world. Be realistic about urban sprawl and crawl. No point jamming more medium density into 'cut off areas' that are poorly served with transport, and have no suitable 'exit points' in an emergency. Negative Gearing.....beware the impact of such change....investing in real estate provides housing for the 'less able to afford'.....the government is not expanding 'affordable housing' policies ...the private sector assists the government in this area. 

Michael
Michael from NSW commented:

The problem with home ownership affordability is that the governments over the years haven't invested enough in development of infrastructure and opening up new parcels of cheap land. They need to stop looking toward the next election and really look 30 years out and do some serious infrastructure planning. The tax systems needs to be revised in line with the infrastructure - perhaps have lower tax rates for people in the country and encourage people to move away from the city easing the housing pressures. Encourage jobs in the bush to match this. 

Francine
Francine from NSW commented:

I believe before they start trying to see how much they can save by reducing the Age pension for people like me who worked for 42 years and take a look at the Single Mothers pension who most times live with a partner who works and brings money into the household which they deny. Fran from NSW 

Deirdre
Deirdre from NSW commented:

There a lots of people who have no chance of having a home of their own, as most of these people have lower paying jobs that the pollies. 

David
David from QLD commented:

You have a couple of serious flaws with your "survey". The first one of course is that I have been able to it in twice. And had it accepted, both times, leaving it a prime candidate for BIAS in favor of the type of person who might like to skew your results, making this "survey" (have you noticed the quotation marks yet?) totally invalid. The second is that some of your questions assume that we agree with you. For example, about raising the GST. I DO NOT AGREE WITH RAISING THE GST. What I do agree with is dropping spending and waste and therefore, taxes. You didn't have an option for DROPPING THE GST. The advisers to our politicians, (who you appear to want to influence), will read this, and will point out the bias in this survey, causing them (the advisers AND the politicians) to ignore you. That's not real smart. Get a Psychologist on your team. It might just stop this type of mistake in the future. 

Charles
Charles from NSW commented:

The provision of superannuation should be Set up like the old military DFRDB and apply to all. With this system, a person at the end of their working life can convert four years(or X number of years) and then receive a reduced pension. Additionally, all working members should contribute 5% ans employers 15% 

Charles
Charles from NSW commented:

while working the tax system should work like this; 1, NO GST FOR ALL GOV/ORGANISEATIONS, 2, Business, sliding scale, starting from 5% for turnover of $300,000-20% at the highest of turnover. NO DEDUCTIONS, and 3, Personal Income, as with business, sliding scale, starting at 2% for $0 to $20,000 and increasing by 3% for each level above. NO DEDUCTIONS. REMOVE ALL NEGATIVE GEARING AND GIVE OUR VETERANS AND THOSE MEMBERS WHO ARE ON THE OLD MILITARY DFRDB SYSTEM FULL INDEXING TO AVERAGE WEEKLY WAGE AND NO TAXATION. 

Someone
Someone from WA commented:

All I can say is Australia had one of the highest standards of living . pre 1980 . Now it is one of the worst. taxes keep increasing but our standard of living is harder to maintain . rich and poor gap keeps widening . If it is not the federal government ripping into the little people it is the state government. WA has on of the worst examples of this. Collin Barnett.. 

Lyn
Lyn from QLD commented:

Very limited on the questioning towards budget, tax, deficit. A GST increase I would support if the extra funds were handled correctly. Not just given out to family payments, unemployed, family tax benefits. Current pollies seem to forget we raised children, bought housing, etc on working hard, saving for our new items, holidays etc, with NO or very little gov help. And we survived and prospered. I truly believe the benefits to young families needs to be cut back to encourage young to the workforce, to learn to save, and even work the odd extra hours for extra income. { Though not all are like this, some very hard workers out there. } In my current position of employment I am constantly seeing healthy 20 /30 year olds not working thru to choice, or wanting more and more assistance in day care, when they don't work in the first place. I would love these issues dealt with, with a firm and fair hand, ALL Australians regardless of race/colour treated equally financially and with the same rights in employment, education, and health to move forward as one. Funds given on a needs basis not race based. Current and past politicians working together for the greater good of the country, or am I living in la la land, 

peter
peter from NSW replied to Lyn:

here here Lyn I want to live in la la with you. As Kerry Packer said "I would pay my taxes willingly if you spent them wisely" or words to that effect. Thanks pete 

Comment Guidelines