Savings Bonus

John Howard Lie #1

On a promised savings bonus:
“You get the $1,000 savings bonus if you are 60 years or over.”
“. . . in addition to the pension increases, there’s the saving bonus for everybody at sixty years or beyond of a thousand, an additional two thousand for self-funded retirees at pensioner age.”
John Howard, Prime Minister, John Howard, interviews on Radio 5AA, 14 August 1998, and Sunday program, 16 August 1998

The Truth:

“It was very clear that pensioners who had income from savings of up to $20,000 could be eligible for the $1,000 bonus and that from $20,000 to $30,000, depending on their income, the bonus would alter.”
Larry Anthony, Minister for Community Services, Parliament, 28 June 2000

“. . . Almost 60 per cent of Australians have received the full $1,000 and nearly 75 per cent of those older Australians have received $500 or more . . .”
Larry Anthony, Minister for Community Services, Parliament, 29 November 2000