$700k worth of savings tips from the government

Not sure why the age pension is under so much scrutiny. surely the whole reason for compulsory super was to prevent people going on the pension. most of us currently on the Age Pension did not have super, or at best it was only minimal. there should be no exemption of the amount of money/assets in a superfund for pension purposes. ie $1 million plus in super = no pension (asset test) 

Scrapping the home exemption may cause social hardship for many retirees. The likely outcome for many would be a move from the community they know & have lived in for much of their lives, to cheaper housing in areas which may never feel like home, loosing the support of long term friends and neighbors when they may need that support most. The realised capital being used to supplement their retirement income. 

The insurance offer is only for those under 70 yrs 

These bright ideas always come from those earning megabucks from big business or the taxpayer - in this case both! My home is sacrosanct - god help any government that tries to touch it. 

I consider myself very lucky to have retired, own our own home, receive a part pension. That is where it stops. I pay the same electricity rates as anybody else, no special rates on petrol, groceries etc. Yet as a pensioner the Government wish to tax my home, only because I own it. Will they tax every other home owner NOT on a pension?. If they tax my home will I receive a refund of the taxes I paid purchasing the home, GST spent doing the home up to add to its value? Votes talk and B$%^&^T walks. 

Why is it that people are penalised for hard work and savings in Australia and those that don't look after themselves and their families are always rewarded with numerous handouts from the Government? It seems that if you don't work, don't save, drink too much, take drugs, etc., etc., the Government is there to pick up the pieces. Why don't people take responsibility for their own actions. Leave the ones who have provided for themselves alone. 

Forget it or forget the next "b" election. what MORE do the government want to tax us on.These pollies and advisors sit on a gold mine for life and lose absolutely nothing once they retire at ANY AGE ! ! 

Re Post Office debate, I was under the opinion that last financial year Australia Post made of profit of $450 million, so why is there talk of reduced services, I live on the South Coast and my mail in never delivered until after 4.30 pm. Collection of mail from post boxes is at 11.00 am each, except Friday when it is 4.30 pm. No weekend collection of mail . There is no use Australia Post relating us to the UK, there the mail is delivered into your letterbox on your front door, twice a day and once on Saturday. When did Australia Post last delivered anything to your door 

Eligibility for the pension should be based on income and excess assets that can be readily converted to an income-producing form without affecting the quality of life of the pensioner. The home of the pensioner does not fit this criteria. What happens in the instance of a pensioner who has lived their whole adult life in a home that is worth a small fortune only because of the land value? Is it fair to say they should be uprooted from their own home, familiar surroundings, support network, neighbours and friends and move to a home on cheaper land, thereby losing all that is familiar and supportive in their lives? I think not. 

Colin from NSW commented: A poisoned chalice for any Government. Would they measure a home by value or size? Whose valuation, whose measurements? Let's stop wasting money on marriage counselling, assistance for high income earners and people who are not people loyal to Australia before we penalise lifelong income tax payers.