Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Let's get Kiwis saving for retirement


Let's get Kiwis saving for retirement, says Copeland

United Future finance spokesman Gordon Copeland today again urged the Government to bring in tax incentives to encourage New Zealanders to save for their retirement.

Citing research released this week showing that no more Kiwis were saving for retirement than was the case five years ago, Mr Copeland asked Finance Minister Michael Cullen in Parliament's Question Time today if he was concerned at New Zealanders' complacency in this matter.

He said the time was right for the introduction of tax incentives, with research showing 79 percent of New Zealanders believed that such incentives would increase their savings for retirement, and overall, 92 percent supporting the idea. Earlier this month, Mr Copeland told the Government that it had to turn around New Zealanders' attitude to savings: "First, we need to encourage private savings, and realistically we are not going to build this country a savings culture unless we are prepared to give some front end incentives via tax rebates or tax credits."

One of the most worrying aspects of Research Solutions' findings was that the proportion of people who think government will be able to adequately look after them in their retirement has doubled in the past three years to 18 percent.

"That is a truly frightening statistic and something the Government must move to change.

"It is a real worry that after all the effort put in in the past few years to making people think about retirement savings, that we can see that kind of figure. The message is just not getting through," he said.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news