Articles on age pension

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The changes to the cap on non-concessional contributions is one of the features of the latest superannuation reform proposals.

Winners and losers from the government’s compromise on superannuation

The Coalition has reached a compromise to get its superannuation reform past its own party, but the changes will make it harder for women and older workers.
Will Treasurer Scott Morrison revive the Ghosts of Budgets Past in this year’s budget speech? AAP/Mick Tsikas

Where are they now? Tracking down the promises of budgets past

Having made a commitment to reduce spending, the federal government will have its work cut out with this year's budget, which may require revisiting policy ideas that have caused it pain in the past.
For every $1000 of assets the pension will be reduced by $3 a fortnight, under changes proposed in the federal budget. AAP Image/Alan Porritt

Missed opportunities on coherent pension policy reform

The government has dropped plans to index age pensions to CPI and opted instead to tighten income and assets test. These are welcome changes but more needs to be done.
As expected, part-pensioners will be most affected by budget changes. AAP Image/Melanie Foster

Budget brief: will I lose my age pension?

Part-pensioner couples who own their own home and assets worth more than about A$800,000 are expected to lose their part-pension altogether, under proposals in the federal budget.
Devoting time to looking after others can result in significant hidden costs to the carer. Shutterstock/Goodluz

Carers deserve more credit in the retirement incomes debate

If the 5.5 million unpaid carers didn't look after others – at the expense of careers and incomes – taxpayers would bear the costs, so as a community we should give carers a fairer deal in retirement.
There are a number of reform options to address the increase in spending on the Age Pension. Flickr/Simon Cunningham

The Intergenerational Report and reforming the Age Pension

Nobody denies spending on the Age Pension is growing, but the Intergenerational Report concentrates on fiscal projections and ignores retirement outcomes.
Reverse mortgages can be risky for both borrowers and lenders. Flickr/American Advisors Group

Reverse mortgages need a rethink if they’re the new age pension

The Commission of Audit has recommended including homes above a certain value in the means test that determines who gets the age pension and how much. Under the proposal, homes valued in excess of A$500,000…

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