Chatswood serves the life and health insurance sector in New Zealand with market intelligence, data, and bespoke consulting services. Some of these are provided in conjunction with Quality Product Research Limited - a subsidiary that brings you Quotemonster.
We believe that good decisions are more likely to occur when we have good information about the market environment in which we operate. Intuitive leaps and creative decisions are always required, of course, but the more they are based on a firm foundation of observation, the better they tend to be.
The future of NZ Superannuation
Andrew Coleman takes readers through the history of NZ super, how it differs from most overseas pension schemes, different ways schemes can be taxed and more in this series of articles on interest.co.nz.
Interest.co.nz ran a very interesting series of articles by Andrew Coleman around NZ’s superannuation system. He takes readers through the history of NZ super, how it differs from most overseas pension schemes, different ways schemes can be taxed and more. In particular, I though his bathtub metaphor was an excellent illustration of the difference between pay-as-you-go and save-as-you-go schemes.
Coleman advocates for a revamp of NZ’s superannuations scheme, including a compulsory savings scheme he dubs KiwiSaver 2.1. He makes the point that NZ super was designed so long ago it may not be fit for purpose for kiwis today and going forward into the future. He argues that New Zealanders under the age of 45 (those who were too young to vote in the 1997 referendum) should consider a fundamental restructure of the NZ government’s retirement income scheme.
All in all, a very interesting, easy-to-understand read – check it out if you haven’t already. Andrew Coleman joins The NZ Tax Podcast to talk more about KiwiSaver 2.1 here, if you prefer to listen.
A history of New Zealand’s retirement policy | interest.co.nz
Making the transition from PAYGO to SAYGO | interest.co.nz
Death, taxes, and wealth inequality | interest.co.nz
New Zealand Superannuation, behavioural economics, and investment choices | interest.co.nz
New Zealand’s unusual tax system | interest.co.nz
New Zealand’s odd taxation of retirement savings is bad for the country | interest.co.nz
Taxes and the housing market | interest.co.nz
Survey evidence on what New Zealanders want from retirement policy | interest.co.nz
KiwiSaver 2.1: why compulsory savings would be great for young New Zealanders | interest.co.nz
New Zealand's retirement income policy time warp | interest.co.nz