29 Jan 2020

Report says 'no' to raising retirement age

From Nine To Noon, 9:30 am on 29 January 2020
Retirement savings

Photo: 123RF

In a relief to those of us who don't want to work past the age of 65, a review that looked into into upping the age for super has found it'd do more harm than good, and is affordable for decades to come. That's despite previous reviews recommending increasing the eligibility age. Instead the interim retirement commissioner, Peter Cordtz favours changing Kiwi Saver and controversially, considering removing the owner-occupier requirement for those who withdraw savings to buy their first home.