Which New Zealanders, Bill?

Bill English can't claim to speak for all New Zealanders on the future of NZ Super, says ACT Leader David Seymour.

"Bill English has accepted that Superannuation costs will balloon by a billion dollars extra each year but says New Zealanders are okay with this. What he won't say is, which New Zealanders?

"Surely it can't be those entering the workforce who just lost their Kiwisaver kickstart in the budget but got no relief on the taxes they'll pay towards Superannuation for the next 45 years?

"Surely it can't be those under 35, who'll retire with the government in debt by 198 per cent of GDP on historic trends?

"Surely it can't be their grandparents who built this country and would be horrified to know they've left it on such a track?

"Australia has announced a plan to gradually raise its retirement age through to 2035. If there's one thing New Zealanders all have in common it's the need for such long term perspectives in Wellington."

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2 comments

Liberal view

Posted on 02-06-2015 16:28 | By Stuart Pedersen

ACT's call for a referendum on superannuation is a good one. It remains the elephant in the room which Key refuses to acknowledge. How useful such a debate and referendum could be compared to the silly flag exercise.


jmac

Posted on 06-06-2015 13:07 | By JohnMac

Kiwisaver is still the way to go as it does promote some saving albeit probably not ever enough. The problem is the lower income families are still disadvantaged. Perhaps low income workers could claim their contributions as a tax deduction up to a certain amount and according to dependants. The scheme is always open to improvement if the govt is innovative enough and willing to do it. Do the old take a bit off the top earners and give relief to the low earners and you dont even need to be leaning left to see the value in this


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