Federal Budget 2022 submission

Summary Retirement Income Worker shortages in key industries Current means testing policies discourage working Increase in older worker participation can boost GDP Proposal to establish an Independent Pension Tribunal Health and Aged Care Most Australians prefer to age at home Challenges in staying at home due to physical or cognitive impairments Proposal to allow downsizing without impacting pension Funding aged care reforms is crucial Proposal for a Home Care Loans Scheme Clean Energy Investment Significant investment needed for clean energy infrastructure Older Australians interested in investing in renewable energy Proposal for Clean Energy Bonds to generate capital for large-scale projects Gifting Rules Gifting limits have not kept up with inflation Proposal to increase gifting limit to over $16,000 Budget implications of increasing gifting limits for part-pensioners