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Libs and Greens deliver massive pension cut, page-7

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JonnoH

16,319 Posts.

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16/06/15

21:17

Post #: 15478435
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Originally posted by Hanrahan ↑

On the other hand, according to AFR, a Fairfax paper:

For instance, a retired couple in their 70s living in their own home with around $700,000 of retirement assets and taking a $35,000 income stream from their super are now entitled to supplement this with a part government age pension of just under $20,000. Under the changes, this extra support will halve to about $10,000.

These "poor strugglers" will have to make do on a mere $900/week. Methinks jonno you are cribbing a little. They could pull an extra $1,000/wk and their "nest egg" will still out-live them.

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And here I was thinking you guys were dead set against retrospective changes.

Can't touch someone earning tens of millions per annum tax free in super because it would be changing the rules but you guys are quite happy to take 8k off her 11k part pension.

ROFL
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