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| Name | Why more people are turning to the retirement pension | 7.30 |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 10-07-2019 22:29:12 |
| Video Discription | Hundreds of thousands of retirees feeling the pinch due to record low interest rates are expecting some relief soon. The Federal Government is under pressure to allow pensioners to earn more from investments or savings without affecting their pensions. It's reviewing what's called the pension 'deeming rate' in a move that could cost the budget hundreds of millions of dollars. But in the longer term, the Government faces more fundamental challenges to age pension funding, as Peter McCutcheon reports. For more from ABC News, click here: http://www.abc.net.au/news/ Subscribe to us on YouTube: http://ab.co/1svxLVE You can also like us on Facebook: http://facebook.com/abcnews.au Or follow us on Instagram: http://instagram.com/abcnews_au Or even on Twitter: http://twitter.com/abcnews |
| Category | News & Politics |
| Tags | Australia | pension | pensioners | aged pension | aged person | retirement | retirement pension | retirement australia | government | budget | investment | savings | money | interest rates | federal government | deeming rate | abc | abc news | news | retirement income | retirement savings | retiree tax | retirees |
