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

Super contribution exemption

THE Federal Treasury is working on regulations that provide a one-year exemption from the work test for superannuation contributions to allow recent retirees to boost their superannuation balances.

Read more: Super contribution exemption

ASIC slams reverse mortgages

The Australian Securities and Investment Commission (ASIC) reviewed 17,000 actual reverse mortgages which older people had taken out on their homes.

Read more: ASIC slams reverse mortgages

A catch when switching super funds

With all the talk recently about underperforming retail superannuation funds, you could be tempted to switch to a better performing fund. However, there can be a catch.

Read more: A catch when switching super funds

Minimum wage for pensioners: new Social Security Commission

The Victorian independent Member of the federal Parliament Cathy McGowan has introduced a private member’s Bill to establish a social security commission.

Read more: Minimum wage for pensioners: new Social Security Commission

Energy supplement safe!

The Australian Government has decided to abandon plans to axe the Energy Supplement, which has been stalled in the Senate. The energy supplement is worth $365 a year to single pensioners and $550 a year to pensioner couples.

Read more: Energy supplement safe!

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