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The Federal Government's $950 tax bonus payment could end up costing the Government up to $2,375 per taxpayer

Pensioner Rewards

Oct 15, 2008

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FOUR million pensioners, carers, seniors and veterans will get one-off payments worth $1400 for singles and $2100 for couples in December as the Government tries to boost the economy.

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FORMER Treasurer Peter Costello drew fire from financial planners and political foes alike yesterday. He was called heartless and impulsive for trying to blame advisers for over-enthusiastically directing clients into superannuation investments that have crashed horribly since last year.

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It barely rates a mention in Treasury chief Ken Henry's 366-page review of the tax system, but something desperately needs to be done to reduce the burden of tax compliance on individual taxpayers.

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Buying a computer is cheaper than leasing in the long term but some small businesses may have other plans for their dollars.

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