Old Age Pension – is that Money for Nothing?


Daily Post Prompts – Money for Nothing.

If you’re like most of us, you need to earn money by working for a living. Describe your ultimate job. If you’re in your dream job, tell us all about it — what is it that you love? What fulfills you? If you’re not in your dream job, describe for us what your ultimate job would be.

My dream Job was farming, but it wasn’t to be, there was need, to have two incomes coming in for a farm to survive, especially when it’s not handed down from your parents.

I’m now getting pay in my retirement years by the old-age benefit, you must be sixty-five in New Zealand to receive it.

But it wasn’t always like that, you have to have worked a lifetime, before you can receive it, for me that has been fifty years in the workforce paying my taxes every week.

Now all though I get paid “Money for Nothing”,  I’m paying tax on that.

My husband and I are still farming, we pay our taxes every year for the earnings we earn off the farm, in other words, we are not earning money for nothing, because we get taxed extra for earning over a certain amount, so it other words it could be paying double the tax on our pension.

Are you looking forward to retirement?

Do you think you are getting money for doing nothing?

Not true, you have earned it, by supporting your country, paying your taxes, rates which is very high if you own a farm, plus much more.

One day when you retire you will most likely receive a benefit, and it’s not for doing nothing, Think Again.

17 thoughts on “Old Age Pension – is that Money for Nothing?

  1. Well written. There is no money for nothing, as you pointed out eloquently. It sounds like you and your husband are not the kind of people to slow down much. I know plenty of people who just want to get to retirement, so they can do nothing; not my cup of tea.

    Liked by 1 person

    • Thanks for the comment, I also know many that are living for that day. It never was our cup of tea either that is why we are still working. One thing I would like to say is because of our hard work and now still earning money we don’t have a community card as we are not entitled to it because of our income.
      Not that I would want it, I would sooner pay my way in this world, only it seems unfair as we all had the same opportunities in our life. We started 56 years ago with nil in our bank account.

      Liked by 1 person

    • Thanks, sounds like a good idea, only we don’t have the money or the horses on our farm, we have a beef farm, the beef stock which isn’t making much money these days.
      I liked that horse photo, it reminds me of my father-in-law, back in the 1930’s that was how they farmed, with horses no such thing as a tractor or any of the modern machinery which makes farming so much easier these days.

      Liked by 1 person

  2. I noticed that there are similarities between Germany and New Zealand.

    The small farmers here have the same problem. You have to go to work and to farm. Or you lease your fields to other, bigger farmers, … But if you like farming and want to do it you need to have a huge farm or work as well.

    Here in Germany the pension is – well, I better say it was a “contract between the generations”. The younger pay into the national retirement stock and the old generation gets the money. This was established after the second world war when Germany started over at Zero. It worked back then because were enough young working people to support the pensioners. Nowadays it’s different because we have 1,3 children per women/couple and the pensioners live longer. So our system needs to change and it already started to change.
    People could get their pension at the age of 60 one or two decades ago. Now it’s the age of 65 because there’s not enough money getting into in the retirement stock. In addition to this the pensions sink and the young have to pay more…

    I’m not sure about a dream job. My hobbies changed over the years and so my dream-job would have. I have a job which I like (sometimes more and sometimes less) and enough free time to go on holidays and for hobbies. I am content. That’s what counts, doesn’t it?

    Liked by 1 person

    • That was interesting reading, I love learning about other countries and how retirement works.
      It is true it must change as there is not enough, of the younger generations to look after the elderly by benefits, times have changed.
      I feel guilty getting it as we can keep ourselves, and most people could if they learn to save a little every year for retirement.
      Thanks for your input, hope other’s will comment also how their country old age benefits work.

      Liked by 1 person

    • It would be great if we could earn a living doing something we love, that would be writing for me also, it is the one thing I’m enjoying in semi-retirement.
      As for the “learning to sail and scuba diving”, that is one thing I wouldn’t like to do, sea sickness, also afraid of deep water would stop me.

      Liked by 1 person

    • I think the same as you, that I’m working harder now, than in my younger years, only yesterday I was helping my husband shovelling metal on the trailer with a hand shovel, not a digger, filling in the deep holes around the animals water troughs, before winter sets in and fills the holes with water, but as you say there is no pressure.


    • Interesting, nice to hear a little about your part of the world.
      New Zealand’s old age pension back in 2000 was age 60, it went up slowly for the different age phrase, I was one of those that didn’t receive it until 65, my husband who is four years older than me received it when he was 60.
      Thanks for commenting, hope you are having a great day.


  3. I live in Quebec too ( in Mexico at the moment to avoid a bit of the winter). When I was preparing for retirement, I gradually reduced my working week and topped up with the Quebec pension which I could take before 65 . With the extra free time I took a course to be a museum guide so I was ready when I stopped working. Mind you, if I hadn’t worked over thirty years, my Queb c pension would have been pathetic. Thank God for good health to enjoy a few retirement years!


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