DO YOU REALISE THE IMPACT OF THE NEW PENSION CHANGES.
Category : Insights
DON’T LET THE GOVERNMENT DICTATE YOUR RETIREMENT TERMS
I’ve just lifted this off the July issue of Queensland SENIORS Newspaper.
“The aged pension qualifying age rose to 65 and six months on July 1st. It will continue to rise by 6 months every two years until it reaches 67 in July 2023. And with the Federal government sticking to its plan to raise the pension age to 70 by 2035, lobby groups have warned a host of measures will be needed to safe guard older workers.
There will be no changes for anyone born before July 1st 1952. For these people the age pension qualifying age remains at 65.
Unemployed older people who can’t find a job, or who are no longer capable of working in their chosen field (but not eligible for disability support pension) will be paid the Newstart allowance, about $579.30 a fortnight (currently).
Blue collar workers, tradies and people in disrupted industries who didn’t make it to 70 in their jobs, may face well over a decade on Newstart which will be 40% lower than the age pension as a single and 22% lower for couples.”
WHAT HAVE YOU DONE TO HELP SUPPORT YOURSELF WHEN WORK FINISHES.
Years ago I started banging on about the likelihood of government attacks on the pension system. The working population figures just didn’t stack up, even back then when I started looking at them. I also started shouting out about the weaselling of our Superannuation. That’s approaching 3 Trillion dollars. Very tempting don’t you think. The government is fiddle farting with this also. Bet it changes also and it gets just beyond our fingertips under some newly invented name. It’s our money you guys, so leave it alone.
But the facts are in the figures. Currently 4.5 people of working age support every person aged 65 and over. This will drop to 2.7 people by 2054-55.
So it doesn’t matter which political persuasion you may be, Australia is running out of money to support social welfare and pensions. There isn’t any real increase in our population for quite a few years so unless you are out there popping out babies now and in the lead up to the mid 2000, the pension as we know it will be so bastedised and your super robbed, you’ll be eating porridge 3 times a day and living in a share house. And what if you are sick or disabled? That’s just another story.
DON’T WAIT AND RELY ON THE PENSION. CRTEATE YOUR OWN WEALTH STARTING NOW
Like it or lump it, the way in which we do business in our country and indeed all over the world has changed dramatically. It’s snuck up on us overnight. Our attention has been drawn away by the platform which caused the change (in part), social media. Business is now being done laptop to laptop from one corner of the world to the other. Our country has sold most of the manufacturing industries off, sold our natural resources and now we wait on the new age of robotics. Yep, we are in a world of disruption.
But with disruption comes windows of opportunities. The one HUGE change is that social media has levelled the playing field for everybody, right across the board. The rules are the same for a $100million company or for a person who has been online for 5 minutes. You also have to come to the realisation that if you want to have some sort of a life towards the end of your working career (or even before) you and only you can do something about it NOW. Email me for your FREE report as to what you could look at to double your income and create a new stream of money which could be set up to automatically increase your bank account.
WHEN YOU THINK ABOUT IT, WHO IS STOPPING YOU FROM EARNING WHAT YOU WANT
You who are reading this may look at the image above and say “well that’s OK to say if you were Bill Gates” but the reality of changing your lifestyle and your capacity to have money and not rely on governmental handouts, are very real today. Truly, you don’t have to be poor in today’s level playing field environment. Our community of very ordinary people who have led very ordinary lives are taking extraordinary steps marching towards a life they once dreamed about. All this with very little outlay to get started. Join me join them, look over our shoulders and let us show you how we are doing it and how you can start doing it right now.
LEARN TO CREATE YOUR OWN PENSION AND SUPER WHILE YOU STILL HAVE A JOB.