As the calendar pages turn, we find ourselves looking towards March. If you’re one of the over 2.5 million Australians who receive the Age Pension, you’re likely eager to know how much extra money you can expect in your account after the next pension indexation.

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[Phantom55]

The aged pension was not a privilege given by previous governments. When it was introduced there was a levy added to tax as your contribution to aged pension. Somewhere along the years this has been moved to general revenue & now, even though that levy has never been removed so presumably everyone is still paying it, the govt says they don't have the funds to support us in our old age.

hear hear...the pension was never a gift, for people born pre 1960 it was contributed to from our wages, after then it became general revenue, people from then became welfare beneficiaries and so deemed to be freeloaders, even though they were tax payers. Those pre 1960 were entitled,.. and those after were considered welfare (even though they contributed via work)

 

[Greatgwr]

As a full-time age pensioner, tax cuts or increases mean little to me. Cost of living, though, is at the forefront. Despite all the hot air coming from Absentese and Charmless, there is not a whisper in respect of pensions. A simple comparison may help them focus (not).
My pension (including rent and other assistance) has increased by $180 per fortnight since January 2021. My rent has increased by $240 per fortnight in the same period. That, on its own, is currently an out-of-pocket expense of $60 a fortnight. Many other expense increases have occurred as well, like food and fuel etc.
There is to be a so-called "cost-of-living" adjustment made in March and another "step" adjustment in September. These will probably be in the vicinity of $20 per fortnight but not take into account the additional costs in the intervening periods.
Perhaps the pension should be indexed along with wages (retrospectively would be good). Maybe some of the funds given to Hamas could come our way, hmm?

All the above is correct HOWEVER we all need to remember that as a group we are no longer electorally important as we were a few years ago. gen X and millennials are now the dominant voting group so that's who the government will look after.

 

[ppenny]

It's disgusting to think that Pensioners work all their lives, pay taxes and at the end of it all are dumped like dirt to get on with it.

 

[HamMcG]

I feel for those who seem to be doing it tough, but maybe you can help your kids avoid the same fate. Buy a house. Pay it off. Don't get old and pay rent. Invest in long term money earners like solar. Invest in super, so you have your own income and a part pension to top it off. Part pensions still get full increases which means someone on a quarter pension can get pension increase of 40% a year. If you're a couple, separate as soon as the kids leave, and split your incomes.

 

[ppenny]

Rubbish doctored inflation figures used again there have been massive increases in everything and i mean everything and the pension is just enough to keep your head above water thats the way the pathètic government wants it they dont care they get a massive pension when they retire from parliment and the vast majority of them are millionaires they dont care about the ordinary people

You are so right. Take elbow man, what did her engagement ring cost??????????? How about they live on the everyday pension , soon be selling that ring. A lot of us have had to do just that to get by lately, sometimes can't even afford bread,

 

[Glen44]

Since it ment to follow the CPI and is well that's fair any amount helps always good to be kept informed on here , way better than the new which never seems to be correct
Thanks
G

 

[jacjmar60]

Expect the politicians to give themselves a bigger pay rise than 1:8 0/0.

Politicians do NOT give themselves pay increases,they are issued by an independent body.

 

[Panda Senior]

Sadly we are now learning what sacrifice for the budget really means.... after a year of very frugal living I have found that I am in a much worse financial predicament than my 'no fun' budget allows. I am old but, I think that I will outlive my savings by quite a while....

 

[IAN3005]

$19.59 a fortnight..... what an absolute joke.....Looks like I have to continue to eat weeds from the garden or slash my wrists.

 

[Singomate]

Please help me understand, when hubby retires and you are baby boomer you have very little super mine lasted 4years The home has lost a thousand a week so you get the Pension or part there of once again I'm talking about me , $148. 25 a week , the $19.50 rise will be subject to indexation on my wife's income. Rent assistance is non existence the only thing we get is power subsidies. So I suppose you grin and bear it my member of Parliament didn't know this was the case. Help before I jump.

 

[IAN3005]

Please help me understand, when hubby retires and you are baby boomer you have very little super mine lasted 4years The home has lost a thousand a week so you get the Pension or part there of once again I'm talking about me , $148. 25 a week , the $19.50 rise will be subject to indexation on my wife's income. Rent assistance is non existence the only thing we get is power subsidies. So I suppose you grin and bear it my member of Parliament didn't know this was the case. Help before I jump.

Better to jump.....

 

[Luckyus]

Sod all use to me, still be behind the eightball?. GIVE ALBO THE ELBOW

 

[IAN3005]

Sod all use to me, still be behind the eightball?. GIVE ALBO THE ELBOW

He gives me the shi**... just hand me the toilet paper.

 

[grumpyhendo]

I think it is well passed the time that the electricity & gas rises were included, maybe someone could whisper in Peter Duttons ear

 

[Macarj]

Here in Tasmania I just got a letter from Taswater would we be willing to pay $30,000 to $80,000 to connect to sewerage, sure what pensioner would have a spare $30,000

 

[Elvenwishes]

I am on jobseeker and I would love to have a job that would pay my rent, electricty, water. I am not one of those lazy so called dole bludgers I have medical issues which stop me from being employed again. I have worked all my adult life except when I had my son 32 years ago ( for a year I was home) I was made redundant in 2015 and since then have suffered migraines and carpal tunnel in both hands...
I was happy to receive the small increase as paying private rent and getting rent assistance which helps with my payments I still find it hard at times especially when my rent goes up by $25 a week extra. But my son and I have to live somewhere and cannot live with my elderly Mum. So as much as I receive I am left with around $100 a fortnight and that is suppose to cover food, electricity and water. I am lucky I am not on more medications than I am or else I wouldn't be able to get them, I am lucky though that my son is living with me and helps me out every fortnight.
I grinds my gears when I see that the politicians who do not have to worry about rent etc etc get pay increases..... I honestly would like to see them live on what pensioners etc rely on.
As for single parents I have my own views on that matter only going to say that I had a close friend who had babies all the time just to get money from Centrelink, and she was proud of it... I told her she is scamming the system she told me tough.... last I heard her oldest daughter had her 3rd child....

 

[grumpyhendo]

Politicians do NOT give themselves pay increases,they are issued by an independent body.

That’s correct and they don’t have to bargain for it either, I think the same mob do the judiciary and themselves as well

 

[Littleboy8]

Here in Tasmania I just got a letter from Taswater would we be willing to pay $30,000 to $80,000 to connect to sewerage, sure what pensioner would have a spare $30,000

What the freally that’s outrageous.

 

[stev3281]

how come everybody gets an increase except disability support pensioners?

 

[Scaveola]

I think the aged pension was a privilege given to many by the previous governments. Super was introduced 30 odd years ago at 1 per cent, Our children won't have this they have to contribute towards their old age early in their working life. The UK and many countries overseas have had a Super/Pension scheme for 65 years. The government needs to look at Politicians salary/pension. Why can't they put aside huge amounts towards their salary like everyone else does. DO THEY NEED A POLITICIAN'S PENSION?? Also a closer look at the A..ho..s that cheat the system don't work for years, single mothers that believeeem to retire young I. we should support them and their many children.

People all seem to retire young in The u k too