Australia's pension system 'punishes' people if they earn over a certain amount

[@adamrea2530]

Want to save taxpayers $40 million a year cut the pensions and perks of ALL ex politicians and their families.

[@goodvibes0101]

Exactly they should get the same super / pension as everyone else it's taking the piss to have this double standard of were above the rest of Australian's. We deserve better retirement privileges after two terms in office we the people deserve better than this snouts in the trough boys and girls club. As Larissa says, “Nobody else keeps getting paid once they finish a job and it’s an insult to all workers whose wages have flatlined for this free money to be doled out to ex-pollies”

[@OG_Sigma87]

Yes please

[@dianesaldivar824]

They are overpaid. In fact, they should not get paid. They're doing a lousy job.

[@henrymancini3750]

Seniors are reluctant to downsizing because they're moving from paradise to hell. Unless you've experienced it, moving to a strata complex is a nightmare. Don't downsize, living in a house is the best way to live out your life.

[@grannyannie2948]

And if you get bad neighbours they are SO close.

[@iwishilivedinafreecountry5749]

You don't have to live in a filing cabinet if you don't have a job in the CBD that you have to commute to. Move further OUT and enjoy a better standard of living.

[@lukei6255]

@@grannyannie2948 that is a very original thought! 👍

[@playasurf1000]

Seniors care and have worked all their lives for their children, yet despite paying taxes they are penalised for passing on legally obtained property and assets

[@marktucker8896]

The Governments desire to tax you does not end when you retire. They don't see property owned by you, they see taxes you have not paid yet.

[@Sofia_Vergara90]

No government penalises them, they are trying to regulate property owner ship among citizens.

[@tomjones5338]

That's the government whipping the peasants for trying to save a little

[@grannyannie2948]

Exactly what I thought. Let them work, and then stagnate the pension.

[@Sofia_Vergara90]

No you are wrong

[@Sofia_Vergara90]

@@grannyannie2948 No body is preventing them from working, even if they choose not to work they can still move on with their daily lives and live comfortably with the allowance paid by the government.

[@grannyannie2948]

@@Sofia_Vergara90 We'll see I suspect they will emphasize working instead of keeping payments in line with inflation.

[@Sofia_Vergara90]

@@grannyannie2948 No they won't the only thing you have to do is register for the government financial relief and nobody will emphasize on you working, you will just be paid monthly if you are an Aussie citizen.

[@katb945]

Always attacking older ones yet those fat cats have made sure they are ok they make ne sick..

[@raecarver2382]

Not for every single politician after they leave office. Time to even up I reckon. You worked for it! It should be yours to do whatever you want including to keep working if that is your wishes.

[@grannyannie2948]

I'm concerned this will be used to stagnate the old age pension.

[@actualfacts1055]

That's not affordable unless you want the Government to spend less on other things. Get rid of the pension card and increase the pension and people will try to increase their income and assets and not be scared of losing their pension card if they do.

[@grannyannie2948]

@@actualfacts1055 That would cause the death of pensioners without private health insurance. It's not something you can get at 75 unless you started paying in at 25.

[@actualfacts1055]

@@grannyannie2948 They can get free public hospital treatment.

[@grannyannie2948]

@@actualfacts1055 Which will become ridiculously overwhelmed. And cause longer waiting lists for every one. Your average elderly person would lose access to medications as well, as they cost about $40 each. And for the record I'm not old enough for the aged pension by a long shot. But I know people who are.

[@darrens5731]

Oddly enough it doesn’t effect some retired politicians who can claim their $200000 p/a pension while working in jobs that pay them $1 million plus 🤔

[@dianesaldivar824]

Do you know on top of the Presidential pay, Joe Biden collects almost $5,000.00 a month Socical Security payments. Not to mention the millions he gets from China and his 10% of Hunter's business in UKRAINE. Do you think maybe Joe is getting some kick-back $ from the Billions he is giving them?? Very interesting.

[@diannesmith2249]

Like Rudd.

[@pennylane9155]

The Govt would steal your last breath if they thought there was a quid to make from it!

[@OG_Sigma87]

So true

[@murielwhite9472]

Dead right, too damm complicated. Here's a novel idea, give ALL seniors the pension and let them work as well. If they paid tax I reckon the government would end up with more money as they wouldn't have to check on all of us. My husband and I are self funded and don't get a pension. We are not all millionaires and for people who get a pension they should look at how much it takes to generate just one pension. Any tiny bit of what we do get involves piles of questions and paperwork. It's totally crazy and the system is broken. I believe the U.K. and NZ both pay every pension aged person a pension and they are allowed to work and pay taxes, what a great idea!!!

[@ralphsmith3529]

Another factor is the prejudice of some employers to employing older people.

[@S.M.E.A.C]

Which is fair enough depending on the industry.

[@alexlanning712]

@@S.M.E.A.C should the older applicants, get some tatts, then?

[@marktucker8896]

This very much depends on the age of the person doing the hiring. A lot of younger people simply don't understand people older than themselves, so they choose not to hire them, also a lot of older people don't understand the younger generations so choose not to hire them.

[@alexlanning712]

@@marktucker8896 so true

[@lukei6255]

@@marktucker8896 older people are too honest and blunt. That scares young guys.

[@omnipresent1215]

Thank you for your efforts Mr. Henschke. Greatly appreciate you bringing attention to the matter. 🙏🏻💯👍🏻

[@myday805]

What's being missed is that retired people are having to return to work in the first place. That's a sign of failed government economic policies.

[@Msrojo1004]

Why doesn’t Australia adopt the NZ Aged Pension system?

[@davidstokes8441]

I worked until 70 as did my wife. We have a modest home nearly paid for and no long term outstanding debt. We receive part pensions for which we are grateful. This money is used on projects around the home rather then accumulating more assets, and our income stream from super is our living , day to day account. We are comfortable and happy. Comment to this video bring up a sore point with most tax payers, and that is the fact that when it comes to pensions and perks retired pollies get the cream and this is wrong. They should be on the same Super guarantee as the rest of us.

[@iwishilivedinafreecountry5749]

"Australia's pension system 'punishes' people if they earn over a certain amount" So it's consistent with the rest of the Australian tax system then.

[@eadams1357]

I am a single person who worked for the Comm Govt, 5% of my after tax pay was put into the Comm Super Scheme, I had no choice. Now that I have retired and living on my comm super pension, it is taxed as income including the medicare levy (that came as a surprise when I retired). I don't get a pension card or health card. I went to a doctor for a skin check, where a skin cancer was removed. The receptionist asked for my pension card, health card or DVA card. I don't have any, so I was charged $273.20 deducted from that was the medicare rebate of $76.40 I was out of pocket $196.80. I asked what it would have cost if I had a pension card, the answer was "FREE".

[@glenwhatbox9813]

Yes I am the same and I am very thankful. If you can’t get any Age Pension your Com super must be over about $58000 pa. We don’t need to deal with Centrelink and it’s much better than living on $26000 pa income tested Age Pension.

[@wilowest3509]

You might need them with the way Australia's excess de:aths are going at the moment from the so called safe and effective ☹️

[@vcvhf88]

18% excess deaths I heard. And just 10% excess deaths is enough to collapse a society.

[@davidcat1455]

Nah, it’s them Space lasers 😂😂😂😂😂

[@vcvhf88]

@@davidcat1455 Hey lucille with your multiple accounts.

[@davidcat1455]

@@vcvhf88 😂😂😂😂😂😂

[@iwishilivedinafreecountry5749]

The message here is simple: Don't rely on ANYONE for your survival, especially the government.

[@spikeprotein5924]

1 in 800 vakshinated seriously adversely affected.

[@vcvhf88]

So far, much higher in the next few years to come.

[@vcvhf88]

@John Hoyle How many "covid 19" vaccinations have you had so far Hoyle?

[@spikeprotein5924]

@John Hoyle that all you got left Snakey?

[@grannyannie2948]

Anecdotally it seems higher than that.

[@spikeprotein5924]

@@grannyannie2948 our mate Johnny Campbell just dropped this.

[@ianlister245]

How many politicians post exiting parliament utilize their profile commanding far more lucrative employment in the private sector? Insider knowledge.......

[@MOONBASE_Stereo_Side_Touchdown]

I'm a pensioner and I think there should be restraints on welfare. The government pension is a safety net, not meant to be income. As long as the pension keeps pace with inflation and rising costs of living, why should anyone be allowed to earn excessively without it effecting your pension. The pension is aimed at retirement, not rehirerment. LOL!

[@ninaclemente5944]

Oh dear, I suspected the ALP would be behind such a move.

[@maxinerizzon6225]

Maybe its because it IS THEIR HOME. Look what happened to those in nursing homes. No wonder they want to stay home. And are you kidding? Given the chance govt would have you work til your grave so they can save it on pensions .Hate to be so negative but that's life hey?

[@grannyannie2948]

That was my impression as well. Work until you agree to euthanasia.

[@nomyafiftyonefifty8081]

Can't let the plebs get ahead, got to screw them every way possible

[@majorlaff8682]

Doctor's advice: eat what you want, drink what you want, but keep moving! Exercise daily ... and stay in your own home as long as possible.

[@amigaone777]

So true.

[@eyeswideopen1144]

Yep.. I got 2k of my over 10k owed child support in June. And ever since they've stripped me of 300 per f/m from my pay, despite already being underpaid 150 p/f due to them not being able to collect child support from a dv situation... they dont care about us at all

[@chriswillmott404]

It’s not your ‘f++king ‘ pay …. It’s your entitlement . There’s a difference ….

[@Iononso]

How would what size your house is affect your pension??? Don’t you make the same amount no matter what?

[@waza987]

Because if you have a large house that doesn’t count as your savings. But if you sell it and buy a smaller cheaper one then the government says you have a lot of money in the bank, you no longer get a pension.

[@grannyannie2948]

@@waza987 Exactly.

[@grannyannie2948]

In the UK they have a "spare bedroom tax" that leaves people unable to have a guest room for grandkids etc.

[@Iononso]

But doesn’t your pension come from your old job? Or are we talking about govt. Welfare? If so, this would affect only people getting $assistance? Or is ot only govt workers? Here you earn your pension, then you get it forever, no matter what (of course we pay taxes on it)

[@waza987]

@@Iononso no in Australia there is no concept of pension related to a job. The old age pension was introduced in 1908 by Australian government, but some states had a state based one before then. This is subject to a wealth test, but the home you live in does not count in that. Since 1992 there has also been compulsory superannuation contributions from employers, but these accounts are still owned by the individuals not employers, but can’t be accessed until certain ages.

[@chrisyoung9194]

If pensioners are able to earn money whilst in retirement, then they're very lucky. For pension eligible people residing off shore at the time they turn 65--67 and remain there, they are not permitted to receive the aged pension at all. They must return to Australia and reside there for 2 years. Is that fair? Australia is the only western country that I know of, where this cruel rule exists....bearing in mind these elderly don't use Medicare, rental assistance, roads, or any of the benefits that regular aged pensioners receive

[@Wide_Awake708]

You are exactly correct. That is so unfair

[@RussellGraystone]

I first received my, persoanlly paid for, Navy DFRDB 'Pension', for want of a better term, in Jan 1989 after 20 years of overseas, seagoing, RAN service. Not enough to live on by any means. So. Had a family, bought a house and a business and paid exorbitant wads of Tax on my Navy DFRDB super 'Pension', worth less than the dole. right up until 2014 when Tony Abbot saw the light and removed the grossly unfair tax placed upon it. Lots of it. After another stint in the RAN, when they needed me, I legged it overseas, where my wife comes from. Her family looked after me. Now at 3 score years and 10 none of the bastard politicians or public servants at Centerlink will even speak to me! True! I am the enemy. Did more than my time. But. I never crossed the line some bastard politician drew on a map so I am not given a 'war' pension (Vietnam or Middle East) So the lucrative DVA is out! Bastards, What the bloody hell did I do it for? Take heed any child who wants to join the Australian Military. I have been, and continue to be treated like a piece of dirt. I'll be dead soon, which won't come soon enough for 'em.

[@grannyannie2948]

They might not be using those services, but nor is their money going back into the Australian economy.

[@matthewbeale8570]

It's a good thing. It is should be for Aussies only Not immigrant grifters scamming the system. You wanna go back to your motherland. You forfeit any right too claim anything Australian.. And the pension should be for generational Australians.. Not grifters that have landed here in the last 50 years...

[@chrisyoung9194]

@@grannyannie2948 So in your opinion, that justifies this issue?

[@judymiller975]

Don't understand why this is so difficult for the government to understand.

[@davidgarytwaddle7387]

If you're an ex prime Minister you are able to score a very well paid pushy job overseas and still get to keep your pension.

[@dianesaldivar824]

America also punishes our seniors for working. Working is needed to aid their survival.

[@junebaldwin5352]

We like our homes .it is familiar. Leave us alone

[@actualfacts1055]

Give people the choice of a pension card or a higher pension, that will encourage people to earn more if they opt for the higher pension.

[@jimmycook872]

Australia You're standing in it. LOL LOOOSERS.

[@alexlanning712]

takes one, to know one

[@positivepawpaw7564]

'' ... what shall we do vis all ze useless eaters ?? ''

[@grannyannie2948]

Jab them ?

[@kathleenkendalljacksgrandm6902]

Social security in the US has a limit on how much you can make.

[@05rosebud]

The suggestion of charging seniors tax will adversely affect self funded retirees who don’t currently pay tax.

[@TheRealBobSmith.]

I'd grow and sell dope if i was on an aged pension.

[@oldbloke204]

Yep seen a few pensioners go down for that. Life on the pension is pretty easy if you own a home, have your Super in the "sweet spot" and everything else sorted. Assets only judged at "Gumtree" value so you can have plenty of assets and still get under the cap limits. Trick is to learn how the system works and optimize your outcomes and not whine and moan about how bad it all is imo.

[@johnnycomelately8167]

It can be hard work growing and processing.

[@TheRealBobSmith.]

@@oldbloke204 I've forgotten more than you know about the system.

[@TheRealBobSmith.]

@@johnnycomelately8167 I'd be getting high on my own supply.

[@oldbloke204]

@@TheRealBobSmith. Unlikely and if you have then you certainly haven't made very good use of your "knowledge" eh? Went for the dole but didn't know about mutual obligations? Having to do cashies and talk about growing drugs certainly don't point to winning outcomes in life tbh.

[@manuvkrishnan3673]

What else is there to accumulate at 65? The pension is income for the spiritual path.

[@manuvkrishnan3673]

@@riversandtreesMango smoothies? Your gonna die.

[@swagmanexplores7472]

Some of us even pay full tax on our Invalidity pension 😡

[@alexlanning712]

their is an income threshold, before pensions are taxed

[@aaranjackson2080]

just because i am on centrelink, centrelink got the ATO to investigate my wifes taxes no warrant like she's some piece of garbage or something. the more she earns the less support i get which means the more of a burden i become and the harder it is for me to keep my wife interested in me. I love my wife and i really am sad to say this but if the government won't start respecting love then the hope was crushed.

[@dr.donpaulioni7965]

As it should, buy now people should realise the government demands a small piece of the pie in every transaction we make, + taxes

[@dr.donpaulioni7965]

Oh and I forgot GST

[@dr.donpaulioni7965]

And other various stamp duties licencing fees and processing fees

[@deandouglas8784]

Can't lay brick till your early 70s.

[@grannyannie2948]

Absolutely. I can see this being abused by politicians. Instead of raising the pension to match inflation, they'll just raise the hours you're expected to work.

[@Tony-eb5kh]

Yeah ya can!

[@actualfacts1055]

Increase the pension then you won't need a stupid pension card, scrap the bloody thing, it just encourages people to rort the system to get one.

[@jimmycook872]

Unusual Sky News blah blah blah about recycled nonsense.

[@tazbatik6537]

Why do you watch

[@jimmycook872]

@@tazbatik6537 why do you. LOL

[@jimmycook872]

@@mini-z_me LOL

[@oldbloke204]

Same old rubbish from you though eh? This will benefit some folks where as your never ending dribble is just more wasted oxygen.

[@jimmycook872]

@@oldbloke204 LOL LOOOSERS

[@jeanvonbarberode2377]

If I would be in that age , first I would divorce my partner to be a single, then I would work under the table for cash, third I would hide all my money on different accounts not on my name even in overseas banks as many immigrants have also dual citizenships, so it should be not an issue and forth I will be careful with the information what I am providing about myself to gov. agencies.

[@luciferblack2641]

The new Victorian LNP is correct when they announced... For the LNP party's of Australia to rebuild, we must represent the modern voters before the last of our aging conservatives pass on.. This is another example of the Victorian LNPs point...👍

[@followingtheword9640]

Another sad deflection attempt 🤣

[@vcvhf88]

You're not even good at shit posting lucille.

[@Wide_Awake708]

Happy anniversary Lucille on making it through the year without harming yourself. To think you almost followed father and grandfather, sure was a close call. Thanks to Newcastle allowing you to stay in the rubber room ⛑️💉💊

[@rebeccakennedy9088]

Most 99% choose their friends for the job I would love to work set Gordon Allie free

[@Kelly-wf5ie]

Income TAX is illegal !

[@actualfacts1055]

People understand how to rort the system to get a pension card at tax payer's expense.

[@lubanskigornik282]

simple and fair system would be if any person working and paying taxes through his / her life should receive minimum pension payment regardless how much they got savings or investment. That's how is in New Zealand - unless was lately changed by socialist government.

[@actualfacts1055]

People deliberately reduce their income and assets so that they can get a stupid pension card. Get rid of the pension card and increase the pension and retired people will try to increase their income and assets which will make them better off and tax payers better off.

[@bernadettewans6088]

Are we communist here now

[@rebeccakennedy9088]

I was looking for work since I was 15 yrs old my fucken family hated me for no reason because she lost it all didn't know how to handle money

[@lorishemlof2602]

All welfare should just have an all assets test; not income tested or required unemployed, disabled, aged or waited; to enable all citizens to work; particularly young working age citizens; without severely punished; disqualified for working, abused, made homeless, starved, savagely bashed, crippled so made welfare dependent and locked out of work for life.

[@myday805]

Old age pensions aren't welfare. They're what you get back after paying taxes your whole working life. It's only been since super came in that the government has been referring to old age pensions as welfare because the government are scum.

[@alexlanning712]

you are either "employed" or on the pension, "not both"

[@grannyannie2948]

Exactly. I fear this will be used to allow pensions to stagnate so everyone has to work until they die.

[@alexlanning712]

@@grannyannie2948 you hit the nail on the head Anne

[@alexlanning712]

@@grannyannie2948 thats what has happened in NZ

[@grannyannie2948]

@@alexlanning712 Sadly so 😞

[@frankwren8215]

Pensioners: the dole bludgers who call others lazy welfare is welfare, and all welfare punishes working families

[@vcvhf88]

Not if you're Krudd.

[@josephbartolovic8596]

Shame on you labour

[@christopherhunt1315]

And yet politicians can work after they retire and not be penalised…….interesting