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THE VOICE Articles

Reverse mortgages no longer for spending the kids’ inheritance

28 April 2020

THE Banking Royal Commission continues to do good. From 1 July 2020, reverse mortgages will have to be marketed responsibly and ethically. Whether the best-interest test will weed out any remaining spivs is debatable, but the regulation of home equity release will certainly improve.

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Taking super out early, a good idea?

28 April 2020

THE demands and pressures of the here and now may seem, and perhaps are more pressing than those of a distant future, but leaving your super alone if you can is the best strategy.

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Cashless Welfare Card for everyone, no ifs, no buts

24 March 2020

Australia seems to be headed towards an authoritarian form of social security with the Government telling people on a payment what they can buy and where they can buy it. A bit of cash pocket money is all they'll get. And the Minister for Social Services stubbornly refuses to rule out that Age Pensioners will maintain their current exemption.

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Royal Commission: Make nursing home staff ratios mandatory!

25 February 2020

The biggest issue in residential aged care is staffing. Nursing home providers are against mandatory staff ratios, but unions and every right-thinking community group in Australia are in favor. Counsel Assisting the Royal Commission into Aged Care Quality and Safety is siding with the latter in his recommendations to the Commissioners.

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Cashless welfare card for pensioners?

25 February 2020

Pensioners are becoming increasingly concerned about the cashless welfare card. It's bad enough for those forced onto it already, but pensioners rightly don't want to have a bar it. Problem is the Government refuses to rule out that pensioners, too, will have to shop with a card that restricts what they can buy and where they can buy it.

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A good alternative to term deposits

25 February 2020

If you or someone you know is persisting with term deposits in the face of laughably low interest rates, there may be an alternative that is almost as safe but pays a lot more.

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Measly pension increases here to stay

25 February 2020

Every March and every September full rate pensioners hang out for their increase in the pension but it's been a disappointment for years and it is likely to disappointment for the foreseeable future.

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Unemployment of over-45s surges

25 February 2020

The Australian Government is big on a job being the best form of welfare, but if you're too old to get on an electric bike to deliver for Uber Eats as a casual, the Government doesn't want to know you.

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