In its pre-Budget submission, National Seniors has demanded the Morrison Government reduce the taper rate by which the Aged Pension is phased-out:
It wants to reduce the taper rate, which reduces the age pension for people depending on the value of their assets. The taper rate was lifted by then-treasurer Scott Morrison more than two years ago.
The organisation argues the current $3 taper rate means someone with $800,000 in assets is receiving less income than someone with $400,000 in assets.
