Pension changes proposed.

[kengillard]

The Productivity Commission has suggested that the pension age be lifted to 70.

Also that those pensioners who own their own home have an "equity release" applied (basically a reverse mortgage)  and paid to the govt.   Hope it doesn't happen!!

[twinkles**stars]

---

@georgiajake2010 wrote:
Maybe you should've made sure the super is enough to live on. My parents have done it and do not receive any pension - because they knew to look after their future

---

May I suggest you actually do a little research in super. When it became compulsory, who had to have etc etc

[georgiajake2010]

My parents are 60 - they made good decisions obviously

[freddie*rooster]

Super became mandatory in 1992, they wouldn't have enough super to live comfortably at retirement.

[i-once-was-bump]

georgia my parents were working from back in the early 1940s onwards and they were promised a government pension in their retirement and paid tax increaes to cover that guaranteed pension and superannuation was not there for them like it is today.

Another problem with houses being "taxed" is the practice of leaving a person a home to live in until they die and then that house passes onto another person as per the terms of the will.

Thirdly, there are numerous reports done by all sorts of think tanks every year and most of them were not commissioned by the government of the day and the government has no intention of introducing any of the outcomes.

This has been happening for so many years and it doesn't matter which party is in government, they don't commission most of these reports/studies.

[freddie*rooster]

Most homes owned by the elderly are sold to pay the bond when they go into a Nursing home.

[i-once-was-bump]

---

@freddie*rooster wrote:

Most homes owned by the elderly are sold to pay the bond when they go into a Nursing home.

---

There have been instances in the broader family where, on a couple of occastions, a home has been provided for life but the persons did not actually inherit the properties

[twinkles**stars]

Question for the OP....how much are you contributing to super for your retirement?

[the_great_she_elephant]

---

@georgiajake2010 wrote:
Maybe you should've made sure the super is enough to live on. My parents have done it and do not receive any pension - because they knew to look after their future

---

What a breathtakingly arrogant assumption 

 People are not all created equal. We don't all have the same skills, education, opportunities,  obligations or  -  in some cases - sheer good luck; and to suggest that because your parents were able to provide adequately for their retirement anybody should be able to do the same, is incredibly  dismissive of their achievement..

[georgiajake2010]

My parents both worked their butts off - bought a few homes and are able to live guilt free from bludging off the government. My mother was a homemaker until I turned 14 (I'm 37) and they had a plan so she got a uni degree. I have the same situation - super was not compulsory but they knew not to bludge of the government. Just sayin

[nevynreally]

---

@the_great_she_elephant wrote:

---

@georgiajake2010 wrote:
Maybe you should've made sure the super is enough to live on. My parents have done it and do not receive any pension - because they knew to look after their future

---

What a breathtakingly arrogant assumption 

 People are not all created equal. We don't all have the same skills, education, opportunities,  obligations or  -  in some cases - sheer good luck; and to suggest that because your parents were able to provide adequately for their retirement anybody should be able to do the same, is incredibly  dismissive of their achievement..

---

I agree. I think a certain portion of Australians do not understand, choose not to understand that super wasn't considered necessary until fairly recently. And that was only for males.