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KiwiSaver for over 65s
  • 25/08/2019
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KiwiSaver for over 65s

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Descripción de KiwiSaver for over 65s

New research finds the majority of employers of workers who turn 65 stop paying the three per cent KiwiSaver contribution - effectively meaning a pay cut for these older workers. The Commission for Financial Capability research finds that one in four people over 65 are still working, but three quarters of their employers stop contributing to their retirement savings. The Commission wants to hear from New Zealanders on whether this should be changed, and on range of other issues to do with retirement income, in its three yearly review. Meanwhile as of last month, over 65s are now able to join KiwiSaver - with the option to add lump sums and withdraw regular amounts. With bank deposit rates at historic lows impacting on savers - is this a good option for older people to think about? Lynn talks with Tom Hartmann, the Commission for Financial Capability's KiwiSaver expert, and investment and financial advisor - Martin Hawes - who is also chair of the Investment Committee for Summer, a KiwiSaver provider owned by Forsyth Barr.

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money KiwiSaver Tom Hartmann Martin Hawkes

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