Articles on age pension

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Add up all the neglected costs of downsizing and retirees have good reason to be wary of making the move. wavebreakmedia from www.shutterstock.com

Downsizing cost trap awaits retirees – five reasons to be wary

Retirees are often urged to downsize to free up suburban properties for the next generation and for higher-density development. What's being ignored is the costs of moving into a unit or apartment.
Governments alone cannot bridge the gaps and support affordable housing for seniors. shutterstock

Social impact investment can help retirees get the housing and care they need

Any significant decline in home ownership or equity in a home impacts higher care needs: older people will not have an asset to sell to fund the bonds required to enter aged care accommodation.
The growing numbers of pensioners in private rental accommodation use much of their income to pay for housing. Alan Porritt/AAP

Why secure and affordable housing is an increasing worry for age pensioners

For the increasing proportion of people living in private rental accommodation who can expect to be dependent on the age pension, the prospects of financial and housing insecurity are grim.
The changes to the cap on non-concessional contributions is one of the features of the latest superannuation reform proposals. www.shutterstock.com

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.

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