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Rupert Carlyon: Kōura Wealth founder says New Zealand can't afford a retirement age of 67, let alone 65

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Manage episode 364792424 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The retirement age debate is a talking point in this year's election- but one KiwiSaver provider founder says the discussion is useless.

National and ACT claim they will increase retirement age to 67 to increase contributions to the NZ Super Fund, and Labour confirmed it will stay at 65 under their Government.

Kōura Wealth founder Rupert Carlyon says neither option is an affordable one for New Zealand.

"Under both proposals, the cost of NZ Super grows from about 4.5 percent of GDP up to 7.5. And frankly, I don't think as a country, we can afford either of those options."

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5997 episodes

Artwork
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Manage episode 364792424 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The retirement age debate is a talking point in this year's election- but one KiwiSaver provider founder says the discussion is useless.

National and ACT claim they will increase retirement age to 67 to increase contributions to the NZ Super Fund, and Labour confirmed it will stay at 65 under their Government.

Kōura Wealth founder Rupert Carlyon says neither option is an affordable one for New Zealand.

"Under both proposals, the cost of NZ Super grows from about 4.5 percent of GDP up to 7.5. And frankly, I don't think as a country, we can afford either of those options."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

5997 episodes

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