superannuation tax concessions

Cuts to the age pension, legislated in 2015, have begun. The main change is to the assets test taper rate.

For every additional $1000 in assets, pensioners now lose $78 a year (raised from $39). Previously, a homeowner couple with $1,178,000 in assets would have qualified for a part pension. This upper limit has dropped to $816,000. (These figures do not include the family home.)

Mainstream media chatter about recent polls showing the Coalition's honeymoon has dramatically ended has ignored another revealing statistic: there is a growing slice of the population that rejects the politics-as-usual model. They are the people the surveys lump into the category of “don't know”. These are the people who do not engage with the pollsters' questions. They have a variety of reasons, but disengagement from the whole political process as they see it on TV and hear it on the radio is one of them.
Many people are dismayed that the Greens have supported the Coalition government’s age pension cuts. Greens’ social media has been awash with commentary, with many people venting their anger at the Greens. Some have defended the deal, trusting the Greens to do the right thing and labelling criticism as Labor propaganda. Others just want an explanation.
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