Flexi Super Discussion Paper Released

UnitedFuture leader Peter Dunne has released a Government Discussion Paper on UnitedFuture’s flagship “Flexi Super” plan.

“Flexi Super gives New Zealanders the option of choosing to take a reduced rate of New Zealand superannuation from the age of 60, or an increased rate if they defer taking up superannuation until they reach 70.

“A Fairfax Ipsos Mori poll earlier this year showed almost 50% supported the idea – almost more than twice the level of support for shifting the age of entitlement for superannuation to 67, or keeping it at 65.

“Flexi Super lets people choose for themselves when they want to take up superannuation – without being told by the government when they should or should not retire,” Mr Dunne says.

Mr Dunne says Māori, Pasifika and other demographic groups with shorter life spans would benefit most from Flexi Super.

“The Discussion Paper is open for public submissions open until Friday 11 October, after which time the Government will consider these and determine what action it will take,” he says.

The Flexi Super Discussion Paper was a provision of the National/UnitedFuture Confidence and Supply Agreement.

A copy of the Discussion Paper is available here and can be viewed at www.unitedfuture.org.nz and it is also available on the Minister of Finance’s website.

ENDS

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