It is a paradox which has the policy makers in a spin. Most older Australians have no intention in dipping into the equity in their own home even if it leads to a more comfortable retirement. Almost ¾ of those aged 65 and over own their residence without a mortgage and, despite being asset rich and income poor, are largely uninterested in using their ‘castle’ to fund their... read more>

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>

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>

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>

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>