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


Age Pension becoming cheaper and cheaper

FROM 1 January this year for the next 18 months, the Age Pension eligibility age will be 66. It will then go up to 66.5 and will finally reach the target age of 67 on 1 July 2023.

Read more: Age Pension becoming cheaper and cheaper

Pension Loans Scheme to be extended: beware the pitfalls

THE current Pension Loans Scheme provides a fortnightly top-up of retirement income for people of pension age who miss out on the pension because either their income or their assets (but not both!) are too high. It is also for part-rate pensioners.

Read more: Pension Loans Scheme to be extended: beware the pitfalls

Is the Fire and Emergency Services Levy (FESL) dead and buried?

THAT question was asked by the NSW Parliamentary Legal Affairs Committee inquiry into the Fire and Emergency Services Levy. The response of a senior NSW Treasury official was, “… the Treasurer is on record as saying that the FESL in its current form is dead, buried and cremated”.

Read more: Is the Fire and Emergency Services Levy (FESL) dead and buried?

Work Bonus: up, extended to all employment income

THE Work Bonus is an income test concession for Age Pensioners and Veteran Affairs pensioners aged 60 and over. It provides for an extra income-free amount of $250 per fortnight to be used in the income test. The income must come from employment, with income from sole trading excluded.

Read more: Work Bonus: up, extended to all employment income

Super not so super: Productivity Commission

THE Productivity Commission’s final report Superannuation: Assessing Efficiency and Competitiveness into the efficiency and competitiveness of the superannuation industry should be the blueprint for urgent superannuation reform in 2019.

Read more: Super not so super: Productivity Commission

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