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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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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 ???????????????????????????????????? 

gweneth
gweneth from NSW commented:

Agree with Susan QLD re these companies have been allowed to get away with paying income tax on profits earned in this country and the Govt just keeps hitting the hard workers and they have known of this for ever - both Labor and Liberal Govts so are both at fault - I worked until over 73 yrs and paid tax all that time and worked lots of overtime so my tax was considerable and once you would get a good tax refund but that changed and you would pay so much medicare levy and end up with very little For 14-15 years may be more I paid so much into super from my own salary and then due to an injection given to my husband by a specialist ( one of 2 and this was the bad one) which changed our lives for ever causing me to have to retire in 2008 GFC year and I lost so much money in super when if I had worked on another 12 months I would have received a huge retrenchment payout and the market would have recovered I did not stay with my company's super coy stupid me as they were international but due to the urgency I went with St George Bank whom has been a disaster 

gweneth
gweneth from NSW commented:

Totally agree with Peter Qld re pollie pensions they are obscene and this is a point coming out more and more on radio particularly overnight where I am sure people think only old people call into but is far more comprehensive than that as you get so many clever people in would say 40-50's who can speak very eloquently and can quote sites on internet to support their claims as they have time to talk and aren't rushed off air why can we have wonderful people that control emergency services and do such a wonderful job and yet we have a dysfunctional Govt that can't see past their own greedy needs 

gweneth
gweneth from NSW commented:

I have listened to many radio presenters saying they do not want to pay for pensions etc yet they are happy to receive child care which I and many others disagree with and many others and why should people get baby bonuses because if you can't afford them don't have children end of story as most of today's pensioners had no relief when rearing their children but I do feel low income earners should be looked into 

gweneth
gweneth from NSW commented:

I feel the GST could be raised but with reservations as I feel food should not be included as this will affect so many lower income people and genuine pensioners as with very high healthcare costs like $176.00 odd for just one person like me and many elderly are saying they won't be able to afford it so we go back onto medicare ha ha as they have cut the 40% rebate back to 37.00 something and is going down every year 

gweneth
gweneth from NSW commented:

Time the Govt sorted the wheat from the chaff and why should very well off people get travel pensioner rates and prescriptions at pensioner rates when they live a very good lifestyle as I saw recently but while I have been a Liberal voter all my life and worked long and hard for them as a volunteer I do not know if I ever will again as it gets to the hip pocket scenario 

Don
Don from NSW commented:

Some questions in the survey didn't have enough possible answers. An example of this the question on GST. I could only answer this question by saying that I want an increase in GST AND THIS IS NOT THE CASE. I do not and will not ever support an increase in this tax as when it was introduced, the tax rates and other taxes were to be lowered or discontinued. A prime example of this is the tax on petrol. It was never taken off and now you have a tax on a tax which is illegal. 

Ettore
Ettore from QLD commented:

The government is all focused on reducing the deficit and are looking for ways where they can recover the costs. Why are they not looking at the people who refuse to work and stay at home and receive the dole. Their are many people on the dole and have no intentions of looking for work. I am sure the government can reduce the dole payments so that they have no choice to go and look for work. The government spends millions of dollars on asylum seekers. Most of them that come here don't get a job and receive the dole. We need tougher laws to stop this. I am sure the government can save millions on this. Why should hard working people who want a comfortable retirement who sacrifice their lives and time on saving money and have investment properties be punished by introducing more tax on their pensions and investment properties. Why don't the politicians pay more tax as they earn so much and why are they on such high salaries. They get fantastic Pensions and are set up for life when they go on pension. Most of them shame our country by acting like children arguing over a toy. 

John
John from QLD commented:

It is time the elected government was allowed to govern. In the event of the senate blocking legislation we should be able to call on a joint sitting of Parliament without the requirement for an expensive and disruptive "Double Dissolution". Time was, budgets altered rates or introduced new measures or scrapped others and the changes were implemented immediately without the need to "sell" it over and over again. Definitely a fairer tax system is needed. It is noteworthy some of the most celebrated tax avoiders are the most vocal critics of an increase to the GST - or of any GST. Let's fix the problem of debt and deficit now as was promised at the last election. Further delay risks squandering our chance of success 

Denise
Denise from NSW commented:

the rot needs to stop from the top - let the dammed politicians take a pay/perks cut and see how they survive! - probably very well with all their extra lurks n perks! A dammed sight better off that most of us will ever aspire to! 

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