Changes to the aged pension will leave some pensioners better off, but many other seniors will lose out as a result.
Changes to the pension will affect the way people plan and behave.
Senator Jacqui Lambie, speaking on Q&A.
Senator Jacqui Lambie told Q&A that a third of Australian age pensioners are living below the poverty line and that it's estimated to rise to two-thirds within five years. Is that right?
Many people aspire to live a middle class life. Once they attain it, sustaining it is a big challenge.
Reaching middle class status and sustaining it into retirement is a major challenge. The key is to live within your means.
Robert Mugabe, the nonagenarian Zimbabwean president, is the poster boy for Africa’s ageing leaders.
Why is Africa so saddled with ageing presidents who ought to be enjoying their retirement in peace when the continent desperately needs young, agile and innovative leaders equal to its challenges?
The elder statesman makes a comeback.
Dominic Lipinski/PA Wire
For the last 30 years, politics has been dominated by a succession of bright young things. Could Corbyn change that?
Humans are irrational. Superheroes also.
Let's face facts. Behavioural finance shows you are not to be trusted with your retirement planning.
Many retirees have the option to deplete their financial assets to bolster their standard of living.
AAP Image/Lukas Coch
In a system where the age pension is designed to be needs-based, a strong asset test seems like an appropriate tax on the practice of bequeathing assets like superannuation to the next generation.
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
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.
Joe Hockey is betting this budget is inoffensive.
Small business and families top the list of winners, while tax avoiders and rich retirees stand to lose.
As expected, part-pensioners will be most affected by budget changes.
AAP Image/Melanie Foster
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.
Pull the other one.
Carl Court/PA Wire
A closer look at the numbers shows significant variation in the way pensioners have benefitted under the coalition – some have, some haven't.
Wealthier pensioners might be full of cheer. But prepare for a bitter aftertaste.
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