NZ retirement system - simple but not superBY STEPHEN FAY | FRIDAY, 20 APR 2018 9:24AM The 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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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.