Sunday 30 October 2011

Increasing the age at which you get super

The Labour party has come out with a reasonably sensible policy to address our changing demographics.  People now under 45 would not be eligible until the age of 67.  For those of us over 45 the change is gradually introduced. 

There are a couple of problems with the plan.  One is that Maori have lower life expectancies currently so will suffer disproportionately.  Another is that people are losing trust in government's ability to provide super going forward.

The only really good approach would be for it to be handled in a non political way ... and how likely is that??? 

While the policy is at least novel, it is coupled in Labour's policy with the introduction of capital gains tax.  New Zealand just isn't going to go for it.

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