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Age Pension Indexation

As part of the 2014 Federal Budget, the Coalition government announced, or referred to, 20 superannuation and retirement changes. These proposed changes are mainly to superannuation contributions, income tax, Age Pension eligibility age, thresholds and indexation, Commonwealth Seniors Health Card and a number of other related policies. Most of these changes appear under the heading Expense Measures (Federal Budget 2014). In other words, the government is proposing reductions in the benefits it pays, leading to budgets savings. The generalised conclusion that can be drawn from this is that current (and future) recipients of these benefits will be worse off.