msconduct: (Default)
msconduct ([personal profile] msconduct) wrote in [personal profile] bill_schubert 2023-08-03 02:45 am (UTC)

I was interested in how Social Security works after your last post, so I looked it up. Like your taxation system, there seems to be a lot to it. Ours has a childlike simplicity in comparison. There are no earner payments for ours that are specifically dedicated to superannuation (as we call it), it just comes out of general taxation. You're eligible from the age of 65 and it's not means tested. The rate is $992/fortnight for a single person and $763/fortnight (per person) for a couple. All of this is generous and there are always rumblings about raising the eligibility age but so far no government has dared to do it. Considering our small tax base, this is a disaster waiting to happen.

Post a comment in response:

This account has disabled anonymous posting.
If you don't have an account you can create one now.
HTML doesn't work in the subject.
More info about formatting