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


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!

Why the pension age must stay at 67

The Australian Government has ditched its plan to raise the age at which people become eligible for the Age Pension to 70. It held on to the plan for more than three years after announcing it as part of Budget 2015.

Read more: Why the pension age must stay at 67

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