National Seniors Australia (NSA) has reacted angrily to the federal governments changes to the pension deeming rate, accusing the government of having its “hands in pensioners’ pockets at a time when they can least afford it”. From The Guardian:
The National Seniors Australia chief advocate, Ian Henschke, said the Coalition’s $600m commitment was welcome, but the change did not go far enough. “The truth is the Morrison government still has its hands in pensioners’ pockets at a time when they can least afford it,” Henschke said.
“What the government is telling pensioners is that they are earning three per cent on their investments, when most term deposits are not even returning two per cent, how is that fair?” he said…
