Over two-thirds of Kiwis are worried they won’t be able to retire. KiwiSaver was supposed to help but the reality is many will still fall well short of what is needed to live comfortably past 65.
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Old age poverty is looming for thousands of New Zealanders who are going into retirement without a house, without savings and facing high costs of living.
New Zealand introduced KiwiSaver 12 years ago to address a lack of retirement savings. But fees are up to 50% more than UK funds and New Zealanders are missing out on hundreds of thousands in savings.
Everyone is better off under the superannuation guarantee levy, but low and high income earners see a greater benefit than those in the middle.
Independent Australian Senator Nick Xenophon is planning a legislative push for first home buyers to be able to access their superannuation savings to pay for a house deposit, mirroring a similar policy…
Principais colaboradores
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Adjunct Senior Lecturer, AUT Business School, Auckland University of Technology and Senior Lecturer in Finance & Financial Planning, Griffith University
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Professor of Economics and National Senior Teaching Fellow, Griffith University
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Research Fellow, University of Auckland, Waipapa Taumata Rau
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Director, Academic Quality, Massey University
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Professor of Finance, Auckland University of Technology
