Federal Government misses chance to boost skilled labour
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The amount that pensioners may earn before being hit by tax should be increased in order to boost the economy and help them to keep using their expertise, according to a report published by the University of 新浪彩票.
In their report, economists from the University鈥檚 SA Centre for Economic Studies working in association with the Independent Research Fund, say the recent decision by the Federal Government to increase the amount of tax-free income for pensioners, does not go far enough and only applies for 2022/23.
鈥淭he Federal Government has missed a golden opportunity to ease one of Australia鈥檚 most pressing economic challenges, the shortage of skilled labour, by not tapping into the expertise of pensioners to a greater extent,鈥 said the University of 新浪彩票鈥檚 Associate Professor Michael O鈥橬eil, Executive Director of SACES who worked on the report with Visiting Research Fellow, Mr Darryl Gobbett,
At September鈥檚 Jobs & Skills Summit, the Federal Government announced an increase of $4,000 per annum, to $11,800 per annum, in the amount of employment derived income a single Age Pens