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Thread ID: 143647	2017-03-06 09:40:00	For 50+ years I have voted Labour ... but no more !	Misty (368)	PC World Chat

Post ID	Timestamp	Content	User
1432555	2017-03-09 08:46:00	One has to determine if everyone should receive it. NZ currently does and it is not means tested. In Australia they do use some form of asset testing. Some other countries they don't see it as a state responsibility unless they hit hardship. Some countries encourage individuals to save for their retirement and that it has a strong family connection ie the children look after the elders. Some families after they get married take turn and live with both sides of the parents. Whereas in NZ even with Kiwisaver some people throw their arms up. Shouldn't saving for one's own retirement with employer / govt contribution be a good thing?	Nomad (952)
1432556	2017-03-09 08:53:00	The other big change was the eligibility to get it goes from 10yrs residential time to 20yrs with 5yrs from the age of 60yrs old. The count starts when the person is at least 20yrs old. I guess one of the current loophole is that both those born here or migrants. From the age of 20yrs old they spend 5yrs here then they leave the country only to return back when they are 60yrs do another 5yrs and they get the pension. Once they do get the pension they are allowed to spend up to 6 months overseas every year. While they were living and working overseas they could return back to NZ and access the hospitals while they have not contributed much.	Nomad (952)
1432557	2017-03-09 20:59:00	Shouldn't saving for one's own retirement with employer / govt contribution be a good thing? Yes, and no. For most NZer's, they would actually be better paying off loans & debts . When debt free , thats when you should start a personal super fund. pay off CreditCard that costs a 20% interest charge , or instead put that money to a super fund earning maybee 5% And, when people are withdrawing ALL their kiwisaver funds, to buy a house (not allways to live in) , thats puts all of the future taxpayers right back at square one.	1101 (13337)
1432558	2017-03-11 23:36:00	Another thing is employment to think of when much older: Need up skill to owning, or running a company. Otherwise remain a "worker". So if a working 60 - 64 year old becomes unemployed, that person is thrown in with much younger job seekers, and expected to find work. I know of a 62 year old, who was made to go to a job search facility - despite the fact he spent nearly 40 years as a truckle, labourer, and factory blue collar worker. He got work easily, but struggled with the rigorous demands of it. Again at 64 he had to do it again ...back to WINZ job facility. I told him - do nothing -because you have done enough ...and you will be at retirement soon. if NZ's pay of debt's, maybe some loan companies could incorporate payment to a Superfund/kiwi-saver within the loan repayments...Pay and save at the same time.	kahawai chaser (3545)
1432559	2017-03-12 08:29:00	[QUOTE= if NZ's pay of debt's, maybe some loan companies could incorporate payment to a Superfund/kiwi-saver within the loan repayments...Pay and save at the same time.[/QUOTE] Not sure what this means, or how it would work, kahawai chaser, could you please expand on this please ?	Misty (368)
1432560	2017-03-12 17:48:00	I think that the key things are that people are living longer and the cost of superannuation will continue to rise. That is a bit of a simplification but correct enough for the discussion. Now, a decision could probably be put off for twenty years with little repercussion. However, by then, a much more difficult situation will be encountered by whichever government is in power. It could well be that that government would be forced to put the retirement age up to 70, starting with immediate effect at that time. All because the problem had not been faced, because parties wanted to get votes. Putting off the problem only worsens the pain. It does not affect me, but it does affect my kids and grandkids and I want the best of decisions made now, rather than them facing a worse situation later. A government must balance the books reasonably otherwise the country could end up like Greece. Do you know how many cuts Greek pensioners have had to their pensions?? Twelve cuts, yes really !! If you think that is an exaggeration just check. Misty - You have explained it very well and made ONE very good point. Yes we all know super is going to cost us more. As you say changing it now is good as it gives those people affected 20 years to plan and adjust. As you say if we did not do it, then it would be a really hard shock if it was done of necessity later. That is why I think Billl and Steve have made a good responsible decision.	Digby (677)
1432561	2017-03-12 17:51:00	Wow imagine being a pensioner in Greece and you pension goes down 12 times! That will actually teach their government that they have to get real about the size of their government and their over generous pensions, and the fact that so many middle class bushiness people don't pay any tax. They have a huge Black economy as no one trusts the government. The same as in Argentina.	Digby (677)
1432562	2017-03-12 18:57:00	Need up skill to owning, or running a company. What company? Just like that, a truckie one minute and a business owner the next. Doing what? And where do they get the capital from? That's what causes most to fail, lack of capital, it takes ages to build up to actually making enough profit to live one, some never do. And doing what? All very well saying run a business, every man and his dog seems to try.....look at trademe. Successful ones though?	pctek (84)
1432563	2017-03-13 23:29:00	What company? Just like that, a truckie one minute and a business owner the next. Doing what? And where do they get the capital from? That's what causes most to fail, lack of capital, it takes ages to build up to actually making enough profit to live one, some never do. And doing what? All very well saying run a business, every man and his dog seems to try.....look at trademe. Successful ones though? Well said. It is easy to start a company (here in NZ) But to actually start a viable business that makes money is much harder/ Many try and fail ( me included about 3 times) It takes, skill, a product or service that people want, capital, marketing skills and time and energy And many people do not have enough of those whilst still paying the bills. Oh and you also need a lot of LUCK. That said it can be done	Digby (677)
1432564	2017-03-15 15:24:00	What company? Just like that, a truckie one minute and a business owner the next. Doing what? And where do they get the capital from? No.. not "just like that" - Of course not.... Well...Family Networks or Partnerships. Seen it with my brother in laws. Also with recent immigrants saturating certain businesses, My in-laws all have had moderately (and currently) successful business. They are all tertiary educated (architect, engineers, finance roles) and partnered with others with business/marketing expertise. The other avenue - is to work up (Up-skill to management roles) to prominent leadership roles within a company - if proactive, mentored and skilled/educated enough. My siblings have done so, though mainly in Aussie. All my working kids are on the same path right now...cause I pushed (guided) them that way...All "degreed" up and working upwards. They earn much more than me...	kahawai chaser (3545)
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