Unleash ‘grey army’ to solve Australia’s labour shortages

The National Farmers’ Federation (NFF) and National Seniors Australia (NSA) have proposed reducing the income tax rate on pensioners’ earnings in order to address labour shortages.

At present a single person can earn up to $480 per fortnight without affecting their pension entitlement, but they incur an effective marginal tax rate of 50% if their income exceeds this.

NFF president Fiona Simson contends that relaxing this rule would encourage more pensioners to enter the workforce, including travelling to regional areas to harvest fruit crops.

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