National Seniors Australia has welcomed the Australian Chamber of Commerce and Industry’s (CCI) call today to remove the barriers for pensioners who want to work and Minister Stuart Robert’s announcement of increased support for mature workers.
Pensioners can help to meet the shortage of workers in the economy – but only if government fixes the punitive income test that discourages them from participating in the workforce.
Pensioners retiring with limited savings are effectively taxed 50 cents in the dollar when they work more than one day per week. They need to work but don’t see the point.
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