What the New Labor Government Has Promised to do for Seniors


National Seniors Australia have undertaken an analysis of what the Labor Government has promised to do for senior Australians, and the results are summarised here:

Retirement income: Labor has promised to extend the halving of the pension drawdown rate for another year (if you’re under 65 you can withdraw between 4 per cent and 10 per cent of your balance each financial year). Labor has also adopted the Coalition’s policy of a two-year freeze on deeming rates, which is good news for part pensioners.

Aged care reform: Labor has promised to back wage increases for aged care staff and committed to implementing 24/7 nursing care and minimum staffing time for residents. It has also pledged to cap home care management and administration fees.

COVID-19: Labor has promised to establish an Australian Centre for Disease Control and create a new COVID-19 strategy to reduce deaths.

To learn more about National Seniors Australia, please click HERE.

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