About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, December 18th, 5:05PM
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
  • Fund brings active and passive together
    “Regardless of timing the launch of the Harbour Advanced Beta Fund is a huge achievement. Well done to Jody, Andrew and team...”
    45 minutes ago by samstanley
  • Fund brings active and passive together
    “The MJW September 2014 Survey shows that the Smart Shares Top 50 Fund returned -0.3% for the September quarter, while the...”
    3 hours ago by Bobby
  • QFEs call for simplification
    “Of course RFA/AFA/QFE is confusing. This will be the umpteenth time this has been suggested. 1. Qualification for each category...”
    14 hours ago by w k
  • Fund brings active and passive together
    “It's a long bow to draw claiming 'This is the first passive based fund with a rules based overlay for New Zealand equity...”
    18 hours ago by Nick Stewart
  • QFEs call for simplification
    “Good stuff R1. There is far too much movement between QFEs/the FMA/the government. Way too cosy and this sort of thing...”
    19 hours ago by Brent Sheather
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
AMP Home Loans 7.24 5.69 6.19 6.55
AMP Home Loans $200k+ 7.14 5.59 6.09 6.45
AMP Home Loans LVR <80% - - 5.75 6.09
ANZ 6.74 6.09 6.19 6.39
ANZ Special - 5.59 5.75 5.99
ASB Bank 6.75 5.99 6.19 6.39
ASB Bank Special - 5.59 5.75 5.85
BankDirect 6.75 5.99 6.19 6.39
BankDirect Special - 5.59 5.75 5.85
BNZ - Classic - 5.69 5.75 5.99
BNZ - GlobalPlus 6.74 5.89 6.19 6.29
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Std, FlyBuys 6.74 5.89 6.19 6.29
BNZ - TotalMoney 6.74 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 6.05 6.20 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
Lender Flt 1yr 2yr 3yr
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.65 5.69 5.74 5.99
HBS Special - 5.59 5.49 5.69
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 6.70 6.00 6.30 -
Housing NZ Corp 6.74 ▼5.70 ▼6.09 ▼6.29
HSBC Premier 6.84 ▼5.45 ▼5.65 5.99
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 6.75 5.99 6.39 -
Kiwibank 6.65 5.69 6.19 6.55
Lender Flt 1yr 2yr 3yr
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 6.55 - - -
Kiwibank LVR > 80% - - 5.75 5.89
Liberty - - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.95 6.15 6.60 -
NZ Home Loans 6.85 6.09 6.40 6.65
Perpetual Trust 7.70 - - -
Resimac 6.59 6.10 6.28 6.43
SBS Bank 6.65 5.69 5.74 5.99
SBS Bank Special - 5.59 5.49 5.69
Lender Flt 1yr 2yr 3yr
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 5.99 6.19 6.39
Sovereign Special - 5.59 5.75 5.85
The Co-operative Bank 6.70 5.69 5.75 5.99
TSB Bank 6.74 5.95 6.19 6.30
TSB Special - - 5.79 -
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 6.59 6.09 6.39 6.65
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - - - 5.99
Median 6.70 5.97 6.19 6.29

Last updated: 15 December 2014 11:07am

News Quiz

A well-commented on story last week mooted that many authorised financial advisers are out of their depths discussing what with their clients?

bonds

death

divorce

piles

birth control

MORE QUIZZES »

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