Call for slower implementation of superannuation changes : v

Call for slower implementation of superannuation changes


She tells
Photo: 123RF
The bill concerns eligibility for superannuation and has been before a select committee. The orginal target was migrants, but it affects a wider group than that, Wrightson says.  People living or working overseas need to be back in the country five years before super payments start at the age of 65.
Jane Wrightson
Photo: supplied
"This bill is proposing to raise that [to 10 years] and my main concern is that the timeframe is very quick, and the thing about pension policy is that any changes should be implemented very slowly indeed because people can't plan properly."
She used the example of people who may have left New Zealand to work overseas for many years and returned at 60 to be eligible at 65 for their super, however, if they are 63 on 30 June this year they will have to wait an extra year before being eligible.

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