About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Friday, February 12th, 2:23PM
rss
Latest Headlines

National will cut super: Anderton

Anderton predicts National will cut super now it has decided not to support the Government's plans.

Tuesday, July 17th 2001, 11:00AM

National will cut superannuation, Alliance leader Jim Anderton predicted today following National's decision not to support the Super Fund.

"No party can duck the hard question of how to provide for the future of retirement incomes," Jim Anderton said.

"Either taxes will have to be increased steadily to provide for superannuation or super will be cut.

"The Labour-Alliance Coalition Government's Super Fund smoothes tax increases over decades. National's refusal to support the Fund, along with its tax cuts, means National will cut Super.

"I predict that National will announce a policy that involves some kind of tax incentive for private saving. This will be a hidden cut to the rate of superannuation because it means that those who can't afford to save for themselves will not get the same level of publicly-provided superannuation as those on higher incomes.

"The strength of the present superannuation scheme is that someone on my income gets the same publicly-provided retirement income as, for example, a woman who spends a large part of earning life out of the paid workforce. One of the main reasons Winston Peter's scheme failed was that it provided for unequal rates of superannuation.

"The National Party can't have it both ways. Every party that is opposed to the Super Fund has to state what taxes would be increased to pay for Super in the future. If parties don't specify their tax increases, then any promises about maintaining the level of Super are empty, because they will cut it," Jim Anderton said.

« Nats predictable, cynical and confused: CullenAMP & Good Returns launch superannuation website »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Forum attendees agree changes needed
    “To add to my penultimate paragraph, I note the Code Committee in its submission on FAA Review, in pars 15ff, it attempts...”
    2 days ago by Murray Weatherston
  • Forum attendees agree changes needed
    “Hi Murray I was not at the meeting on Wednesday but a close friend was. From what he told me my impression was that the...”
    2 days ago by Tash
  • Forum attendees agree changes needed
    “Wake up Life general insurance and mortgage advisers This response is given in my pure personal capacity and does not...”
    2 days ago by Murray Weatherston
  • MBIE rates financial advice as a career
    “I have been wondering when our role as advisers is going to be referred to as a profession. I see in this article MBIE appear...”
    2 days ago by AFA Muggins
  • Time to tackle issue of advice for less wealthy
    “We help them get 5% or 6%....really? Is that net of fees and tax as compared to the 2%? Just what type of assets will these...”
    2 days ago by MPT Heretic
Subscribe Now

News and information about KiwiSaver

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.74 4.89 5.05 5.10
ANZ Special - 4.39 4.49 -
ASB Bank 5.75 4.85 4.99 5.25
ASB Bank Special - 4.39 4.49 4.75
BankDirect 5.75 4.85 4.99 5.25
BankDirect Special - 4.39 4.49 4.75
BNZ - Mortgage One 6.40 - - -
BNZ - Rapid Repay 5.85 - - -
BNZ - Special - 4.39 4.39 4.49
BNZ - Std, FlyBuys 5.79 4.85 5.09 5.25
BNZ - TotalMoney 5.79 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 5.25 5.15 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 5.75 4.85 5.05 -
Housing NZ Corp 5.74 4.85 4.99 5.10
HSBC Premier 6.10 4.25 4.49 4.99
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - 4.25 4.25 -
ICBC 5.60 4.69 4.69 4.99
Kiwibank 5.65 4.85 5.00 5.25
Kiwibank - Capped - - - -
Kiwibank - Offset 5.65 - - -
Kiwibank Special - 4.39 4.49 4.85
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.35 5.20 5.40 -
NZ Home Loans 5.85 4.85 4.99 5.25
Perpetual Trust 7.70 - - -
Lender Flt 1yr 2yr 3yr
Resimac 5.59 5.24 5.29 5.39
SBS Bank 5.74 4.85 4.99 5.10
SBS Bank Special - 4.35 4.35 4.65
Sovereign 5.85 4.85 4.99 5.25
Sovereign Special - 4.39 4.49 4.75
The Co-operative Bank 5.70 4.39 4.49 4.75
TSB Bank 5.74 4.85 4.95 5.25
TSB Special - 4.35 4.29 4.79
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 5.85 4.85 5.05 5.10
Westpac - Capped rates - 6.15 6.15 -
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.85 - - -
Westpac Special - 4.39 4.39 4.65
Median 5.85 4.85 4.99 5.10

Last updated: 10 February 2016 10:11am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com