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

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Keith
Keith from NSW commented:

Tax Reform does not come from tinkering with percentages, but from a frank and comprehensive review of the structures and the changes in the population make-up. E.g. Abolish compulsory voting. Review the rules for eligibility for government benefits. Review the procedures for the appointment of academic staff, to avoid the strong bias towards left-wing professors in the arts faculties her our prospective teachers are being brainwashed to influence our school students to grow up as citizens who are anti-government, anti-authority, anti-responsibility and shallow. Our young people, and our journalists, know nothing about science, economy, politics or international relations, yet they are the ones who are most vocal in publicity and demonstrations and swayed by the media to vote for their hip pocket rather than the good of the future of the country. 

Jennifer
Jennifer from VIC commented:

I think it would be reasonable for GST to be raised to 20% on everything, including food etc. BUT all the other taxes would need to be removed as they should have been when GST was first introduced. All the sneaky little hidden taxes need to be abolished...then we would all know exactly what we are paying for. I also think that some consideration should be given to over 50's in relation to interest rates on investments. Why couldn't there be some special accounts available for the over 50's with a higher interest rate on offer, if we are supposed to be helping fund our own retirements, then the banks and govt should give us a hand instead of constantly cutting interest rates on investments. We did not get super paid to us from the beginning of our working life like our children do. 

Lyn
Lyn from QLD replied to Jennifer:

Hi Jennifer, currently there are bank accounts that are for over 55s with interest based from the Government. Every institute has their own, over 55s, deeming, retirement accounts. These are fee free, and interest bearing, tho currently not high due to the Reserve bank, where interest rates are set. See your financial institute for advice on whats best for you. 

Jennifer
Jennifer from VIC commented:

I think it would be reasonable for GST to be raised to 20% on everything, including food etc. BUT all the other taxes would need to be removed as they should have been when GST was first introduced. All the sneaky little hidden taxes need to be abolished...then we would all know exactly what we are paying for. 

Someone
Someone from WA commented:

The Government should look at changing their pension deal were they get a very nice package once they retire/lose there seat for life inc office staff etc, and leave the normal pensioner alone and that would reduce the budget dedicate considerably. 

Victor
Victor from QLD commented:

I believe that Australia could look after the ex workers of this great country by reducing dole monies paid to all the illegal immigrants who come to this country and paying them what they would be paid by the governments from where they come from, I'm betting it wouldn't be as much as we give them. I also think that pensioners could receive increases in there pensions it the governments stopped sending our Hard earned tax money oversea to countries that don't like or appreciate what we do for them in times of crisis. I believe it is in the many millions of dollars what a pity our governments don't look after there own elderly people who helped develop and helped his county grow to what it is today. 

Hugh
Hugh from NSW commented:

Anyone who changes Superannuation rules will lose my vote and I will stop adding to my super. After such a change I will withdraw any extra funds I have put in as SOON as I can and spend it OS where the government will not get a cent. I am fed up to the back teeth with them asking workers to pay for the stuff ups of Labor. Tax payers did not destroy the budget, Labor did. Send the bill to those bastards. Same with the GST, John Howard promised the GST would STAY at 10% and I expect that to stay the case as promised. My backlash will be at the polling booth so big mistake for the Libs to go to an election with a GST change to broaden the base or increase the rate without getting rid of ALL state stamp duties, payroll taxes, luxury car tax etc as well as a bit drop in personal income tax to compensate. I am sickened by any tals of increasing taxes on super, and just so fed up with the governments tinkering with it all the time. Disgusted in fact. 

gweneth
gweneth from NSW commented:

I totally appreciate every comment on line as for once I do not feel a Lone Ranger in my thoughts as I have been a very hard worker all my life and did my best to provide for me and my husband but got beaten by the GFC and I suppose I should be a little grateful as many self-funded retirees lost everything in the GFC Thank you for the survey Regards Gweneth 

gweneth
gweneth from NSW commented:

I totally appreciate every comment on line as for once I do not feel a Lone Ranger in my thoughts as I have been a very hard worker all my life and did my best to provide for me and my husband but got beaten by the GFC and I suppose I should be a little grateful as many self-funded retirees lost everything in the GFC Thank you for the survey Regards Gweneth 

John
John from NSW commented:

Cut politicians perks when they retire 

gweneth
gweneth from NSW commented:

I love all these comments on the pollies and their noses in the trough as there is a very articulate -very well informed lady called Stephanie who is adored by all as so intelligent and I love the term she has coined calling all pollies self-indulgent rabble who are looking out for themselves only and why they do not get rid of Joe Hockey I do NOT know and he is my Federal member but no longer in my view-and voting Can't say I am enamoured with Tony Abbot these days yet spent many years promoting him on John Howard's sayso and while I have the greatest regard for John Howard I think he got it wrong in my opinion - just because he was a Rhodes Scholar means nothing as I feel he leaves his intelligence on the bike saddle every morning!!!!!!!!!!!!!! I have a nephew 48yrs who is a Rhodes Scholar and who is worth millions and is known throughout every medical university in the world -won prizes and given many papers throughout the world and been offered positions in all and has taken up some of them So what does that say for Tony Abbo0tt ???????????????????????????????????? 

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