News 
 Local News 
 News 
 General 
 No help for retirees or small business 

No help for retirees or small business

14 Jul, 2011 03:59 PM
SELF-funded retirees and small businesses will be left to fend for themselves if the federal government's carbon tax is implemented next July.

National Seniors Australia chief executive Michael O'Neill said while the government promised pensioner and Commonwealth Seniors Health Card holders they would recieve a Clean Energy Supplement, projected to be above the cost of living, approximately 285,000 Australians aged more than 65 would miss out.

"National Seniors is concerned that a single self-funded retiree on an income of $50,000 or a couple on $80,000 a year will not receive cost-of-living assistance," he said.

"Retirees on fixed incomes have very little capacity to adjust to unforeseen price increases - many are already struggling with basic living costs."

Business groups have expressed their concern the tax would have a major impact on the local economy.

Business SA chief executive Peter Vaughan said the carbon tax would make local businesses, already struggling to cope with low confidence and rising costs, less competitive.

"There are many small and medium-sized businesses that are not being compensated and they will feel the full brunt of this tax.

For the full story, see the Standard.

Print
Increase Text Size
Decrease Text Size

comments


Date: Newest first | Oldest first
If they are on 50 to 80K a year they dont need any help.What a waist of hot air,this is just scare mongery.
Posted by Derek Of The Rejuvenated Murray,but for how long., 14/07/2011 10:59:30 PM, on Murray Valley Standard
tax free threshold changes from $6000.00 to $18,600. what is the problem??
Posted by David, 19/07/2011 5:08:30 PM, on Murray Valley Standard
If my wife and I were pulling in $80,000 as self funded retirees we would not need cost-of-living assistance.
Posted by Old River Man of Murray Bridge, 26/07/2011 10:10:06 AM, on Murray Valley Standard

post a comment


Screen name  *
Email address  *
Remember me?
Comment  *
 
We invite and encourage our readers to post comments. Comments are moderated and will appear as soon as our editor has approved them. When posting comments you agree to be bound by our Terms and Conditions.

Most popular articles


Im-Press Promotions
 
 
Standard now on facebook


Murray Valley Standard







Weather brought to you by:

Weatherzone

Front Page

Current Issue
Privacy Policy | Conditions of Use | Advertising Terms | Copyright © 2012. Fairfax Media.
 SEND...
 SAVE...
 SHARE...