News

Congratulations to FiftyUp Club member Rob and the winner of our first $1000 Loyalty Tax Return

Congratulations to FiftyUp Club member Rob and the winner of our first $1000 Loyalty Tax Return

Congratulations to FiftyUp Club member Rob, 72, from NSW, who’s the winner of our first $1000 Loyalty Tax Return. Rob changed energy providers through the Club this week and won yesterdays’ draw for a $1000 cheque to reward switchers. On the Steve Price 2GB program, Rob announced that he was going to donate some of the money to the Royal Flying Doctor Service. Good on you R... read more>
Why we need to bust the loyalty tax … one day at a time

Why we need to bust the loyalty tax … one day at a time

With so many days and even weeks assigned to marking worthy causes it’s fair enough to ask why do we need a loyalty tax day? For one there’s more than 11 billion reasons representing the bucks we could all save if we compared the providers of essential services and moved to better deals. Then there’s yet another price of old age creeping on. For each decade older we beco... read more>
Confessions of a serial switcher

Confessions of a serial switcher

I have a confession to make. I have been disloyal. I have betrayed the expectations of those who counted on my custom. In the cold light of day I left them without a pang of conscience I am a serial switcher. It is out at last. I have changed electricity providers at least three times in the last decade. Switched car insurance in the past month. And taken out a home loan from a lender who wa... read more>
MEDIA RELEASE: The Over-50's say 'yes' Treasurer, let us downsize

MEDIA RELEASE: The Over-50's say 'yes' Treasurer, let us downsize

Older Australians overwhelmingly support the Treasurer's plans to allow retirees to downsize to smaller homes without being penalised, a poll of FiftyUp Club members shows. Scott Morrison has been open to community opinion on tax reform and has been canvassing a range of reforms. The FiftyUp Club poll of 2,600 members has found 90% think retirees should have the option to sell ... read more>
Loyalty: A word born of an age of chivalry and worn thin in an era of competition

Loyalty: A word born of an age of chivalry and worn thin in an era of competition

We’re hearing a lot of sound and fury about tax, but what about the voluntary tax many of us are paying worth more than $11 billion – without realising it? The sting in the tail is, the older you are the more likely you are to be paying it, by 11% for every 10 years you age. Welcome to the Loyalty Tax – the cold hard extra cash you pay in some perverse tribute &ndash... read more>