LatestGoods & Service Tax (GST) 25 October 2026
GST Hike Proposed to Fund $2,300 Pension Boost
Advocates suggest raising Australia’s Goods and Services Tax to 15% could generate enough revenue to add $2,346 to the age pension, easing pressure on retirees and helping the government address soaring national debt, according to recent commentary.
A proposal to raise the GST from 10% to 15% aims to unlock roughly $2,346 per pensioner, boosting the age pension by $2,300. See the full discussion here.
- Extra revenue could be directed to reduce the nation’s soaring debt.
- Critics warn a higher GST would increase living costs for many Australians.
- The additional funds would support the planned pension uplift for seniors.
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