Retirement depends on NZ Super, KiwiSaver and housing. Treating each in isolation risks shifting problems rather than solving them.
Articles on Kiwisaver
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Minimum KiwiSaver contributions rise from today for employees and employers. That’s necessary, but the scheme’s design is working against many savers.
The cumulative return on a typical KiwiSaver growth fund since 2007 is around 240%. That’s despite a global financial crisis, COVID, trade wars and inflation.
Asking people to find extra money to lock away in KiwiSaver during a cost-of-living crunch risks pushing them in the opposite direction.
The NZ Super Fund is the world’s top performing sovereign wealth fund. Increasing government contributions would be the best way to tackle a looming pension crisis.
For many New Zealanders work, mortgages and financial struggle could extend well into their retirement years.
KiwiSaver balances remain shockingly low, and constant changes risk undermining faith in a system that is already failing future retirees.
The National Party has always relied on electoral support from women. But that has eroded over time, and pay equity and KiwiSaver changes could hasten the decline.
Since its creation, the KiwiSaver scheme has faced multiple tweaks. But the government’s latest proposed changes risk the system’s transparency and flexibility.
Capital gains taxes are often lauded as the fair way to ensure everyone pays their fair share. But when you map out different tax scenarios, taxing capital gains many not be as fair as it seems.
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.
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…
Top contributors
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Professor of Finance, Auckland University of Technology
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Adjunct Senior Lecturer, Business School, Auckland University of Technology and Senior Lecturer in Finance & Financial Planning, Griffith University
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Research Fellow, the Pensions and Intergenerational Equity (PIE) research hub, University of Auckland, Waipapa Taumata Rau
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Lecturer, Public Policy, University of Auckland, Waipapa Taumata Rau
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Research Fellow, Public Policy Institute, University of Auckland, Waipapa Taumata Rau
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Professor of Politics and Policy, University of Auckland, Waipapa Taumata Rau
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Professor of Economics, University of Waikato
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Associate Professor and Head of School, School of Accountancy, Economics and Finance, Te Kunenga ki Pūrehuroa – Massey University
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Adjunct Associate Professor, Centre for Applied Energy Economics and Policy Research, Griffith University