United Future released yesterday their superannuation policy which allows for a retirement age of between 60 and 70, with the amount you get increasing the longer you leave off claiming it. They also propose making KiwiSaver compulsory.
Their policy is designed to be cost neutral. what it would mean is the choices for a single recepient might be:
- Age 60 – $249/week
- Age 65 – $339/week
- Age 70 – $546/week
I think the policy is a good step in the right direction. However as it is cost neutral I think it also might not be sustainable over time.
Tags: superannuation, United Future