web analytics

superannuation

Categories under superannuation

  • No categories

Todd Muller is Simon Bridges with less personality

Written By: - Date published: 1:33 pm, May 26th, 2020 - 68 comments

Todd Muller has announced a front bench that resembles a National Party front bench from 30 years ago.  And his first live interview on national television did not go as well as he hoped.

National tacks right

Written By: - Date published: 3:35 pm, August 26th, 2019 - 44 comments

National has released its economic policies for the next 12 months and they have a decidedly backward feeling about them.

MAFS National Style*

Written By: - Date published: 10:32 am, March 3rd, 2019 - 61 comments

National is grooming the voters for another dirty ACT.

Suck it up political sleazers.

Written By: - Date published: 8:22 am, November 8th, 2017 - 113 comments

Winston Peters has launched a legal fishing expedition to identify who exactly breached privacy on his superannuation over payments. A problem that he shares with about 50 thousand other pensioners. Unlike them, his problem wasn’t trying to find money to repay it. It was that the breach was deliberately timed to be a classic dirty politics ploy, almost certainly by National, in the leadup to the  recent election. I wish him good fishing.

 

The Herald reverts to type

Written By: - Date published: 12:27 pm, September 16th, 2017 - 45 comments

John Armstrong has come out in the Herald swinging wildly and claiming without evidence that Jacinda Ardern’s campaign has stalled, and criticized her policy positions but because he thinks they are only a bit better than National’s.

Peters in super trouble

Written By: - Date published: 7:24 am, August 28th, 2017 - 207 comments

Newsroom and Newshub have broken a story about Winston Peters receiving, for the last 7 years, a single person’s super payment that he was not entitled to because he was living with an (undeclared) other person. Peters denies this but has already payed back the excess from an “innocent mistake”.

Dear Izzy

Written By: - Date published: 9:12 am, March 15th, 2017 - 27 comments

Married couple, increase after tax $8.36 a fortnight each or $4.18 each a week!!!!! Disposable Income, 0.5971428 each a day !!!! Goes up on April 1st, how the hell did they arrive at this sum?

I find out.

2040? The robots will have taken over

Written By: - Date published: 8:59 am, March 8th, 2017 - 53 comments

Bill English’s new super plan falls between 2 stools. The super cost crisis that he’s trying to summon up, is before 2040 if it exists. The solution was the Cullen Fund. By 2040 you’re just adding yet another Baby Boomer cost onto GenX and the millenials, and there’s going to be a shortage of jobs anyway, without adding 65 & 66 year-olds to our dole queues.

English a shambles

Written By: - Date published: 7:52 am, March 7th, 2017 - 43 comments

English isn’t going to be very happy when he opens the papers this morning.

English proposes raising age of super to 67 (eventually)

Written By: - Date published: 4:08 pm, March 6th, 2017 - 123 comments

In what seems to have been a panicked reaction to a disastrous series of interviews, English has just announced that the age of eligibility for super will rise from 65 to 67, phased in from 2037.

English puts super back on the line

Written By: - Date published: 1:41 pm, March 4th, 2017 - 93 comments

In what was apparently a pretty dire interview on The Nation this morning, Bill English dropped one bombshell, possible changes in superannuation. For the record I think English is right on this. For a change.

Time for cross party accord on super

Written By: - Date published: 1:24 pm, December 12th, 2016 - 87 comments

English is not making the same stupid pledge as Key, to let superannuation consume the future. Time for a cross party accord. Take it off the table as a political football and solve the damn problem.

Employers failing Kiwsaver obligations

Written By: - Date published: 11:40 am, August 5th, 2016 - 35 comments

In a sign of just how stressed our economy is: “Inland Revenue is chasing employers for unpaid KiwiSaver contributions worth tens of millions of dollars.”

National costs you $100,000 from your retirement fund

Written By: - Date published: 9:49 am, July 2nd, 2016 - 66 comments

If you’re an average worker the actions of the National government have reduced the value of your KiwiSaver fund at retirement by about $100K.

The great big list of John Key’s big fat lies (UPDATED)

Written By: - Date published: 7:00 am, January 27th, 2016 - 79 comments

How many more lies will John Key tell today in his so-called State of the Nation address? Virtual chocolate fish to whomever guesses the closest number.

Destroying a savings culture

Written By: - Date published: 10:51 am, June 25th, 2015 - 36 comments

Key: “The removal of the $1,000 kick-start contribution will not make a blind bit of difference to the number of people who join KiwiSaver.” Wrong. Completely and utterly wrong.

The myth of “Retirement Savings”

Written By: - Date published: 10:18 am, June 9th, 2015 - 101 comments

Advocates of Kiwisaver and other funded “retirement savings” schemes perpetuate the fundamental misunderstanding that “conventional” in New Zealand’s case “neo-liberal” economists, speculators, finance companies, politicians and those with a lot of share holding wealth in non-productive enterprises like to perpetuate.

Superannuation and Government forecasts

Written By: - Date published: 9:31 am, May 25th, 2015 - 197 comments

National has again refused to consider doing anything about the future of Superannuation.  Yet its policies of increasing Crown debt, stopping contributions to the Cullen Fund and attacking Kiwisaver have made a discussion about the future of superannuation more important than ever.

Who needs $4.8 billion anyway

Written By: - Date published: 7:15 am, November 21st, 2014 - 106 comments

Yesterday a report from the NZ Super Fund (the Cullen fund) provided further evidence of National’s economic “genius”. We could have used the $4.8 billion that they just chucked away.

Sale of social housing stock won’t save costs

Written By: - Date published: 2:00 pm, November 16th, 2014 - 20 comments

Hamilton City Council currently has plans to sell of its remaining pensioner housing stock. It already sold off a block of them in 2012. Of those sold, only 12 out of 53 units are available for seniors to rent at affordable rates. This is because 27 were sold as there was no social service provider able to buy them. So now Council want to sell the rest.

Labour’s Kiwisaver announcement

Written By: - Date published: 11:35 am, June 17th, 2014 - 202 comments

Labour has released its Kiwisaver policy.  Kiwisaver will now be universal for all workers except those earning less than a to be set level.  Contributions will be gradually increased.  The $1,000 Kick-start and government contribution of up to $521 a year will be retained and will apply to all new enrollments

Labour please take note.

Written By: - Date published: 10:50 am, May 26th, 2014 - 71 comments

The more that National publicly adopts “left wing” “socialist”  party policies, such as “free” medical care for children under 13, keeping the retirement age as it is, and balancing the budget, the more they rise in the polls.

The retirement age debate

Written By: - Date published: 7:33 am, March 2nd, 2014 - 164 comments

Labour’s current policy to gradually increase the age of retirement is a fiscally appropriate response to the pressures that will result from the baby boomer bulge in the population approaching retirement. But is it the right thing to do?

UBI (2) Why should we push for a UBI? (Universal basic income).

Written By: - Date published: 3:37 pm, January 17th, 2014 - 27 comments

Why a UBI?

Firstly. To overturn some paradigms:
That a great many people should lead poor and constricted lives, so a very few can be rich.
That ordinary people are disposable economic production units.

UBI

Written By: - Date published: 8:47 pm, January 7th, 2014 - 361 comments

New Zealand was once considered one of the best places on earth to live. It could be again …

Labour shoot themselves in the foot, again!

Written By: - Date published: 10:13 am, December 7th, 2013 - 247 comments

Just when you begin to think Labour are looking like a Government, one of the has-beens from the Rogernomics era, again! shows that they have NFI how to get elected and they are still clinging desperately to the Neo-liberal paradigm.

Super. Reprise.

Written By: - Date published: 3:50 pm, October 31st, 2013 - 41 comments

The meme of “we cannot afford super, welfare seems to be very powerful. So powerful, that even those who know better have been taken in.

Delegates: vote down the NZ Super age increase

Written By: - Date published: 8:28 am, October 30th, 2013 - 160 comments

Raising the super age is not only unnecessary, it further entrenches intergenerational inequity, reduces community incomes and makes Māori and Pasifika pay too high a price. Conference delegates: make Labour think outside the orthodox economic box and vote it down.

KiwiFund: nationalisation or competition?

Written By: - Date published: 8:05 pm, October 21st, 2013 - 61 comments

Winston Peters’ KiwiFund proposal would nationalise KiwiSaver.  Russel Norman supports it, but in competition with private schemes.  Cunliffe is open to negotiation.  Key is dismissive, but says Peters is so untrustworthy he is likely to back down & form an alliance with National anyway.

Double Dipton’s doublethink

Written By: - Date published: 12:48 pm, October 17th, 2013 - 41 comments

Bill English praised the Cullen Fund on its 10th anniversary yesterday. He noted it has achieved an average return of 8.84%, well above its target. He failed to mention that he opposed the Fund being created and that he suspended contributions to the Fund at the worst possible time.  And he still doesn’t want to resume them for 7 years.

Restarting Cullen Fund contributions

Written By: - Date published: 10:59 am, October 9th, 2013 - 56 comments

Stopping contributions to the Cullen Fund was always going to stand out as one of John Key and Bill English’s most economically inept decisions. They chose to stop the Fund buying assets just when they were at decades low prices, Crown borrowing was cheap, and markets were already recovering. The cost in just four years: $2.5 billion. And rising.

Recent Comments

Recent Posts

  • Building a New Zealand Health Service that works for all New Zealanders
    HON ANDREW LITTLE SPEECH Morena tātau katoa. Tēnā tātau kua karahuihui mai nei i tēnei ata, Ki te whakarewa te rautaki hauora matua o Aotearoa, Kia hua ko te oranga pai o te motu. Tena tatau katoa.   INTRODUCTION Welcome. Today, I am laying out for you a plan to ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Major reforms will make healthcare accessible for all NZers
    All DHBs will be replaced by one national organisation, Health New Zealand A new Māori Health Authority will have the power to commission health services, monitor the state of Māori health and develop policy New Public Health Agency will be created Strengthened Ministry of Health will monitor performance and advise ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Minister Henare contribution to speech on Building a New Zealand Health Service that works for all N...
    We talk a lot about being a transformational Government. Some imagine this statement means big infrastructure builds, massive policy commitments all leading up to a single grand reveal. But this is what I see as transformation. Something quite simply and yet so very complex. Māori feeling comfortable and able to ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Health reform announcement
    On Wednesday morning, Minister of Health Andrew Little and Associate Minister of Health (Māori) Peeni Henare are announcing major health reforms.  You can watch the announcement live here from 8am Wednesday. ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Alpine Fault research supports Government’s work planning and preparing for earthquakes
    New research into the probability of an Alpine Fault rupture reinforces the importance of taking action to plan and prepare for earthquakes, Acting Minister for Emergency Management Kris Faafoi says. Research published by Dr Jamie Howarth of Te Herenga Waka - Victoria University of Wellington today, shows there is a ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New Zealand to provide further support to UN North Korea sanctions
    Foreign Minister Nanaia Mahuta and Defence Minister Peeni Henare today announced that New Zealand is deploying a Royal New Zealand Air Force P-3K2 Orion maritime patrol aircraft in support of United Nations Security Council (UNSC) sanctions on North Korea. The Resolutions, adopted unanimously by the UNSC between 2006 and 2017, ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Transmission Gully review shows flawed planning process should have been addressed before project st...
    The Transmission Gully Interim Review has found serious flaws at the planning stage of the project, undermining the successful completion of the four-lane motor north of Wellington Infrastructure Minister Grant Robertson and Transport Minister Michael Wood said. Grant Robertson said the review found the public-private partnership (PPP) established under the ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Australian Foreign Minister to visit Aotearoa New Zealand
    Foreign Minister Nanaia Mahuta announced today that Australian Foreign Minister Hon Marise Payne will visit Aotearoa New Zealand for the first face-to-face Foreign Ministers’ Consulations since the COVID-19 pandemic began. “Australia is New Zealand’s closest and most important international partner. I’m very pleased to be able to welcome Hon Marise ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Border exceptions will see more families reunited
    Hundreds more families who were separated by the border closure will be reunited under new border exceptions announced today, Immigration Minister Kris Faafoi said. “The Government closed the border to everyone but New Zealand citizens and residents, in order to keep COVID-19 out, keep our economy open and keep New ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • “He Taniwha He Tipua, He Tipua He Taniwha – The Dragon and the Taniwha”
    Hon Nanaia Mahuta, Foreign Minister 8.30am, 19 April 2021 [CHECK AGAINST DELIVERY] Speech to the NZCC Korihi Pō, Korihi Ao E rongo e turia no Matahau Nō Tū te winiwini, Nō Tū te wanawana Tū Hikitia rā, Tū Hapainga mai Ki te Whai Ao, Ki te Ao Mārama Tihei Mauri ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Backing sustainable wool carpets to create a compelling yarn for New Zealand’s strong wool sector
    The Government is supporting a new project with all-wool New Zealand carpet company, Bremworth, which has its sights on developing more sustainable all-wool carpets and rugs, Agriculture Minister Damien O’Connor announced.  The Ministry for Primary Industries is contributing $1.9 million towards Bremworth’s $4.9 million sustainability project through its Sustainable Food ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New Zealand provides support to Timor-Leste for flooding and COVID-19 surge
    New Zealand is providing further support to Timor-Leste following severe flooding and the recent surge in COVID-19 cases, Foreign Affairs Minister Nanaia Mahuta announced today. “Our thoughts are with the people of Timor-Leste who have been impacted by the severe flooding and landslides at a time when the country is ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • WHANAU OF MĀORI BATTALION SOLDIERS REUNITED WITH MEDALS
    A ceremony has been held today in Gisborne where the unclaimed medals of 28 (Māori) Battalion C Company soldiers were presented to their families.   After the Second World War, returning service personnel needed to apply for their medals and then they would be posted out to them.  While most medals ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Reducing barriers to breastfeeding
    The Government is committed to increasing the number of mothers who breastfeed for longer to give babies born in New Zealand the best start in life. The Ministry of Health recommends that babies are exclusively breastfed for the first six month but only about 20 percent of children at this ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • SolarWinds compromise attributed to Russian state actor
    New Zealand has today added its voice to the international condemnation of the malicious compromise and exploitation of the SolarWinds Orion platform. The Minister Responsible for the Government Communications Security Bureau, Andrew Little, says that New Zealand's international partners have analysed the compromise of the SolarWinds Orion platform and attributed ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Queenstown roading project given fast track approval
    An expert consenting panel has approved the Queenstown Arterials Project, which will significantly improve transport links and reduce congestion for locals and visitors in the tourism hotspot.   Environment Minister David Parker welcomed the approval for the project that will construct, operate and maintain a new urban road around Queenstown’s town ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Screen industry secures landmark project
    Economic and Regional Development Minister Stuart Nash says a landmark deal has been agreed with Amazon for The Lord of the Rings TV series, currently being filmed in New Zealand. Mr Nash says the Memorandum of Understanding (MoU) secures multi-year economic and tourism benefits to New Zealand, outside the screen ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Report into review of health response to lead contamination released
    The Government welcomes the findings from a rapid review into the health system response to lead contamination in Waikouaiti’s drinking water supply. Sample results from the town’s drinking-water supply showed intermittent spikes in lead levels above the maximum acceptable value. The source of the contamination is still under investigation by ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • NZ Upgrade Programme revs up economic recovery
    Transport Minister Michael Wood today marked the start of construction on the New Zealand Upgrade Programme’s Papakura to Drury South project on Auckland’s Southern Motorway, which will create hundreds of jobs and support Auckland’s economic recovery. The SH1 Papakura to Drury South project will give more transport choices by providing ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech releasing the Digital Council's report 'Towards Trustworthy and Trusted Automated D...
    CHECK AGAINST DELIVERY  E ngā mana, e ngā reo, e ngā karanga maha o te wa, tēnā koutou, tēna koutou, tēna tātou katoa. Ki ngā mana whenua, ko Ngāi Tahu, ko Waitaha, ko Kāti Māmoe  anō nei aku mihi ki a koutou. Nōku te hōnore kia haere mai ki te ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Green light for 10 minute e-bus to Auckland Airport
    Transport Minister Michael Wood today marked the completion of upgrades to State Highway 20B which will give Aucklanders quick electric bus trips to and from the airport. The State Highway 20B Early Improvements project has added new lanes in each direction between Pukaki Creek Bridge and SH20 for buses and ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Review into greyhound racing announced
    The Government is putting in place a review of the work being done on animal welfare and safety in the greyhound racing industry, Grant Robertson announced today. “While Greyhound Racing NZ has reported some progress in implementing the recommendations of the Hansen Report, recent incidents show the industry still has ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Road safety boosted by increased penalty for mobile use while driving
    The infringement fee for using a mobile phone while driving will increase from $80 to $150 from 30 April 2021 to encourage safer driving, Transport Minister Michael Wood announced today. Michael Wood said too many people are still picking up the phone while driving. “Police issued over 40,000 infringement notices ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Pacific mental wellbeing supported across Auckland and Wellington
    Pacific people in New Zealand will be better supported with new mental health and addiction services rolling out across the Auckland and Wellington regions, says Aupito William Sio.  “One size does not fit all when it comes to supporting the mental wellbeing of our Pacific peoples. We need a by ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Fresh approach proposed to Smokefree 2025
    New measures are being proposed to accelerate progress towards becoming a smokefree nation by 2025, Associate Minister of Health Dr Ayesha Verrall announced. “Smoking or exposure to second-hand smoke kills around 12 people a day in New Zealand. Recent data tells us New Zealand’s smoking rates continue to decrease, but ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Govt expands Mana Ake to provide more school-based mental wellbeing support
    More children will be able to access mental wellbeing support with the Government expansion of Mana Ake services to five new District Health Board areas, Health Minister Andrew Little says. The Health Minister made the announcement while visiting Homai School in Counties Manukau alongside Prime Minister Jacinda Ardern and Associate ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Record Number of People Move Into Work
    The Government’s COVID-19 response has meant a record number of people moved off a Benefit and into employment in the March Quarter, with 32,880 moving into work in the first three months of 2021. “More people moved into work last quarter than any time since the Ministry of Social Development ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Significant global progress made under Christchurch Call
    A stocktake undertaken by France and New Zealand shows significant global progress under the Christchurch Call towards its goal to eliminate terrorist and violent extremist content online.  The findings of the report released today reinforce the importance of a multi-stakeholder approach, with countries, companies and civil society working together to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New chair of interim TAB NZ Board appointed
    Racing Minister Grant Robertson has announced he is appointing Elizabeth Dawson (Liz) as the Chair of the interim TAB NZ Board. Liz Dawson is an existing Board Director of the interim TAB NZ Board and Chair of the TAB NZ Board Selection Panel and will continue in her role as ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government to phase out live exports by sea
    The Government has announced that the export of livestock by sea will cease following a transition period of up to two years, said Agriculture Minister Damien O’Connor. “At the heart of our decision is upholding New Zealand’s reputation for high standards of animal welfare. We must stay ahead of the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Workshop on Lethal Autonomous Weapons Systems – opening remarks
    WORKSHOP ON LETHAL AUTONOMOUS WEAPONS SYSTEMS Wednesday 14 April 2021 MINISTER FOR DISARMAMENT AND ARMS CONTROL OPENING REMARKS Good morning, I am so pleased to be able to join you for part of this workshop, which I’m confident will help us along the path to developing New Zealand’s national policy on ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Inter-prison kapa haka competition launched
    For the first time, all 18 prisons in New Zealand will be invited to participate in an inter-prison kapa haka competition, Corrections Minister Kelvin Davis announced today. The 2021 Hōkai Rangi Whakataetae Kapa Haka will see groups prepare and perform kapa haka for experienced judges who visit each prison and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government takes step forward on counter terrorism laws
    The Government has introduced the Counter-Terrorism Legislation Bill, designed to boost New Zealand's ability to respond to a wider range of terrorist activities. The Bill strengthens New Zealand’s counter-terrorism legislation and ensures that the right legislative tools are available to intervene early and prevent harm. “This is the Government’s first ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Carbon neutral government a step closer
    Coal boiler replacements at a further ten schools, saving an estimated 7,000 tonnes of carbon dioxide over the next ten years Fossil fuel boiler replacements at Southern Institute of Technology and Taranaki DHB, saving nearly 14,000 tonnes of carbon dioxide over the next ten years Projects to achieve a total ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Appointment of Chief Parliamentary Counsel
    Attorney-General David Parker today announced the appointment of Cassie Nicholson as Chief Parliamentary Counsel for a term of five years. The Chief Parliamentary Counsel is the principal advisor and Chief Executive of the Parliamentary Counsel Office (PCO).  She is responsible for ensuring PCO, which drafts most of New Zealand’s legislation, provides ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Emissions report shows urgent action needed
    Every part of Government will need to take urgent action to bring down emissions, the Minister for Climate Change, James Shaw said today in response to the recent rise in New Zealand’s greenhouse emissions. The latest annual inventory of New Zealand’s greenhouse gas emissions shows that both gross and net ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ becomes first in world for climate reporting
    Commerce and Consumer Affairs Minister David Clark says Aotearoa New Zealand has become the first country in the world to introduce a law that requires the financial sector to disclose the impacts of climate change on their business and explain how they will manage climate-related risks and opportunities. The Financial ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Awards celebrate the food and fibre sector employer excellence
    Exceptional employment practices in the primary industries have been celebrated at the Good Employer Awards, held this evening at Parliament. “Tonight’s awards provided the opportunity to celebrate and thank those employers in the food and fibres sector who have gone beyond business-as-usual in creating productive, safe, supportive, and healthy work ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tourism Infrastructure Fund now open
    Applications are now invited from all councils for a slice of government funding aimed at improving tourism infrastructure, especially in areas under pressure given the size of their rating bases. Tourism Minister Stuart Nash has already signalled that five South Island regions will be given priority to reflect that jobs ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Electricity Networks Association (ENA) Annual Cocktail Speech 2021
    Tēnā koutou e ngā maata waka Tenā koutou te hau kāinga ngā iwi o Te Whanganui ā TaraTēnā koutou i runga i te kaupapa o te Rā. No reira, tēnā koutou, tēnā koutou, tēnā tatou katoa.  It is a pleasure to be here tonight.  Thank you Graeme (Peters, ENA Chief ...
    BeehiveBy beehive.govt.nz
    1 week ago