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
Join the growing community of superannuation
professionals with unlimited access to our latest news, research and analysis of the industry.
Become a premium subscriber today. |
Latest News
Treasury releases draft legislation for new $3m super tax
|The SMSF Association has slammed the proposed changes, claiming it will result in more red tape, costs and unexpected outcomes.
AustralianSuper engages TAL to create retirement option
|The new option is expected to be available in early 2025.
Brighter Super signs David Koch as ambassador
Personal finance guru and former television personality David Koch is the super fund's new retirement ambassador.
Government dawdling on paid parental leave super: Greens
The Greens will propose changes to the government's Paid Parental Leave Bill (PPL) to ensure that superannuation is paid on PPL from July 1 this year.
Cover Story
The super, super fund
DEANNE STEWART
CHIEF EXECUTIVE OFFICER
AWARE SUPER
CHIEF EXECUTIVE OFFICER
AWARE SUPER
Aware Super has marked its expansion into Europe with the grand opening of its London office.
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.