Income

All pensions and allowances must provide for a modest standard of living. Pensions and allowances must ensure that income support recipients with little or no private income can cover the cost of essential goods and services. 

There should be an equitable and adequate retirement income strategy to cater for the many people for whom superannuation will not provide sufficient income for a modest retirement.

Read CPSA's full income policy here


Social Security Bill increases insecurity

The Australian Government seems to be trying to make those on impossibly low social security payments such as Newstart and Youth Allowance and the slightly less penny-pinching Age Pension, Disability Pension and Carer Payment to pay for an increase in  Government subsidised child care.

Read more: Social Security Bill increases insecurity

Is the family home already in the asset test?

WHAT is usually meant by including the family home into the pension asset test is that the home’s sale value is added to the assets assessed. However, arguably the Government has already found a way of including it in the pension asset test. And it favours country pensioners over town pensioners.

Read more: Is the family home already in the asset test?

Town and country: the value of the family home

THE difference in value between homes in capital cities and homes in the country is sometimes brought up as an argument to include the family home in the pension asset test.

Read more: Town and country: the value of the family home

Family home in pension asset test: not gonna happen

THE Australian Chamber of Commerce and Industry (ACCI) was the latest organisation to join the ranks of the Pension Bashers.  ACCI made a pre-Budget submission recommending the family home be included in the pension asset test.

Read more: Family home in pension asset test: not gonna happen

Independent financial planners

There is a huge reluctance among retirees and soon-to-be-retirees to use a financial planner. The reasons for that are obvious. Financial planners regularly get bad press and to most people it is obvious that dealing with a financial planner is rather like dealing with a real estate agent or a car salesperson. Financial planners are not seen as professionals and indeed overwhelmingly they are not.

Read more: Independent financial planners

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