Access to pension

May 12, 2015

Q. Do you approve or disapprove of the Government’s proposal to remove access to the pension for retirees with substantial assets? Under the new proposal, couples with cash and investments of $820,000 or more and singles with $550,000 will not receive a part pension. 

  Total   Vote Labor Vote Lib/Nat Vote Greens Vote Other   Men Women Aged 18-34 Aged 35-54 Aged 55+
Total approve 56% 58% 64% 43% 56% 61% 51% 50% 51% 70%
Total disapprove 30% 31% 24% 40% 36% 29% 32% 32% 34% 22%
Strongly approve 22% 22% 26% 19% 24% 28% 16% 16% 20% 32%
Approve 34% 36% 38% 24% 32% 33% 35% 34% 31% 38%
Disapprove 19% 19% 14% 30% 25% 19% 19% 22% 20% 13%
Strongly disapprove 11% 12% 10% 10% 11% 10% 13% 10% 14% 9%
Don’t know 14% 10% 11% 18% 9% 10% 17% 19% 14% 8%

56% approve of the Government’s proposal to remove access to the pension for retirees with substantial assets and 30% disapprove.

While all voter and demographic groups were more likely to approve than disapprove, those most likely to approve were aged 55+ (70%). Liberal/National voters (64%), men (61%) and incomes less than $1,000 pw (66%).