Eureka Correspondence

Getting out of coal, South32, working out part pension payments and saving for retirement.

Getting out of coal

Fantastic article on being the 'last out' of fossil fuel investments (Will you be the last one out of coal?, May 27). I have been wondering how long my Eureka Report newsletters would take to catch up with what I have been reading on RenewEconomy for 2 years!

Keep up the great work.


Saving for retirement

Yes Robert Gottliebsen, we are in the category of a $1-1.5m super balance (Hold it! We need a debate on superannuation, May 27). Do we jump ship and get rid of it so we get the pension or keep as much as possible and hope we have enough? We worked in remote Australia as volunteers for several years. We had almost no money to live on. So when we stopped, we worked hard to get where we are now. We will probably be off pension anyway in 18 months. But that taper rate is the killer. At least if you can believe the government, we will get some sort of health care card. That card is really what we want/need. We have our SMSF and write our own software and do all our investing. Low fees as we do all the work. We also help our family who have a corporate SMSF. They are now saying, why save? Spend it while you have your health and a job and be a government leech later on.



What are your thoughts on South32, is it a buy?


Editor's response: Thanks for your letter. You might be interested in these articles: Value test: BHP and South32 (April 20) and Collected Wisdom: South32, Aristocrat Leisure, Independence Group, Suncorp and ALS (June 1).

Working out part pension payments

I refer to your very helpful article Hockey's pension plan will hurt (May 6). Would you be able to supply the table for a single pensioner NOT owning a home.


Editor's response: Thanks for your letter. Now that the Budget has been released, Social Services Minister Scott Morrison has issued a press release with links to tables showing the cut-off levels for non-homeowners and homeowners, for singles and couples. You can see the tables here.

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