NZ retirement system - simple but not superBY STEPHEN FAY | FRIDAY, 20 APR 2018 9:24AMThe New Zealand retirement system framework is common but not universal. It is established yet still evolving. The framework is simple, but not super. What results is encouraging ... Upgrade your subscription to access this article
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Climbing to the top
DANIEL SHRIMSKI
MANAGING DIRECTOR
VANGUARD INVESTMENTS AUSTRALIA LTD
MANAGING DIRECTOR
VANGUARD INVESTMENTS AUSTRALIA LTD
Vanguard Australia managing director Daniel Shrimski is determined to propel the investment giant's superannuation product into the top 10 funds by assets under management by 2030. It's an audacious goal, even for a fund backed by the world's second largest asset manager. Andrew McKean writes.
A significant difference between the two systems was omitted. Tax. There are few and very minor concessions. In Australia's retirement you have them on the way in, on the way through, then on the way out. Additionally what if a referendum was to say 'no savings = no pension either' instead of 'do you want to save?' NZ remains the last OECD tax system to have zero tax on capital gains, thus why lock up your money for no advantage when the system encourages you to respond this way anyway.