Superannuation Policy: Dunne unveils radical 60 to 70 choice on superannuation; compulsory KiwiSaver
New Zealanders should be able to take superannuation at reduced rates down to 60 or increasingly enhanced rates if they hold off until between 66 and 70, alongside making KiwiSaver compulsory, UnitedFuture leader Peter Dunne said today.
“Kiwis would then be able to manage their retirement age and lifestyle – choices they currently do not have – and it would be cost neutral with the current scheme,” Mr Dunne said in launching the party’s superannuation policy.
“Each year below 65 that superannuation would be claimed down to 60, would see a small reduction, and each year over 65 up to 70, it would be enhanced.
Mr Dunne said the figures used would make it cost-neutral with the superannuation scheme as it stands, with the long term sustainability issue addressed by having compulsory KiwiSaver.
“The sustainability arguments around superannuation, and whether it should be 65 or 67, then become redundant,” he said.
“People can then do their own maths and work out what works best for them based on their lifestyle and aspirations,” Mr Dunne said... Read the full text of this article.
