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James Coyle
James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.
What is being done about raising the income threshold so more self funded retirees are eligible to receive the Commonwealth Seniors Card
It is most unfair that those that saved for their retirement are penalised and have to pay more for their medications etc
Everyone should at least get the health concession card when they retire. Everyone should also get the pension – same as other countries but I won’t hold my breath on that one.
I agree you save all your life pay huge taxes to fund pensioners retirement and get nothing back
Better off not working from the start and let everybody pay for you
I don’t know what the fresh holds are for a health care card but I’m making enquires
Hi Laurie. This page will help you with the thresholds
You should be rewarded for your efforts to be financially independent in your retirement, not penalised.
Hi Lynn,
I am also in the same boat as yourself; having saved for my retirement instead of splashing my earnings and dependent fully on the Centrelink Pension. Self Funded Retirees are not only deprived from receiving al least a Part Pension; we don’t qualify for the Commonwealth Seniors Health Card and did not receive any of the COVID-19 stimuluses or Utilities Subsidies.
Unfair and discriminatory, in my view.
I am Adrian Rodrigues, a Self Funded Retiree. As the above have stated, I too limited and ‘controlled’ my spending in order to put away as much as possible towards my retirement; but I now find that I ‘made a mistake’. I should have splashed my earnings and enjoyed living more rather than saving. I now receive a fortnightly pension from my Super fund; but to my bad luck it is slightly higher than the Centrelink limit to qualify for the Aged Pension. It is more painful not to even qualify to receive the Commonwealth Seniors Health Card.
In my view, it is blatant discrimination against those retirees who were frugal and thoughtful in saving for their retirement.