Campaign to change the Aged Pension work bonus system and encourage Pensioners to rejoin the Workforce

The current ‘Work Bonus’ system discourages Aged Pensioners from returning to the Workforce. Anything EARNED from physical work (not investments etc) over $300 per fortnight ($150 per week) reduces their pension by 50 cents in every dollar, 50%. Pension deduction distribution for couples also results in an inflated taxable amount for the worker. We need to;

Increase work bonus threshold to $500

Index Work Bonus threshold

Rectify Taxation anomalies

OUR AIM:
To immediately change the Work Bonus system providing Aged Pensioners incentive to re-enter the workforce and ease the current skills shortage at minimal cost to Government without disadvantaging those unable to work.