You are wrong. The aged pension was set up to provide an income when you retire. There wasn't any superannuation when I left school and started working. We paid an extra tax. to fund it

Get your facts straight. Ask any 70 year old

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It was set up to provide an income for people who didn't have either the foresight or the means to save and invest for their own retirement. Compulsory superannuation came in 1992 but of course there were self-funded retirees before that.

If you are 70 now, you would have been 42 when compulsory super was introduced.

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Yes paying a home off and raising children. At 42. Retirement was probably the last thing on my mind

We knew there was a government pension. for when we retired Nobody said oh. This is only a supplement

Start saving

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The pension was not designed as a safety net as you described...Where did you get that from? It was always meant to be an income which falls into line with aged benefits and meant to be a return to the aged tax payer contributor just as it is explained in every country in the world...Its not comparable to an employment benefit or other non working benefits.

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I will soon be eligible (age basis) for the old age pension but my current asset base will prevent me from getting any money. I will have to use my assets to pay the bills etc. That is fine by me but it really irks me to think that I cannot at least get a Health Care card or in WA, at least be eligible for a state government Regional fuel card (I think it is about $600 pa and can be used to buy fuel for your car) these are small things but I think should not be based on wether one is eligible for a Pension or not .....we all paid taxes and in fact I paid a lot more than most who are currently receiving all the Pension benefits.

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