Australian Super a complicated maze, with an associated ton of paperwork and often consultancy/advisor costs following . The Aussie model is not one to follow, a number of Australian commentators suggesting the NZ model is the smart country, Unfortuately even NZ Retirement income commentators over look the quality of our scheme, so expecting Aussies to have the ability to change direction would be to much from our Aussie friends!
Lot of talk re longevity insurance, often known as annuity or life time income product.
How much does an Aussie need for retirement. Commentary around about A$77,000-$85,000 per annum. (Remember in NZ , NZ Super provides a platform cost, which you deduct of figures like the above, to work out yearly income retirement needs ). Rule of thumb add $20,000 per annum to your NZ Super and this will provide an adequate retirement income life style
Research from Lancet medical journal study, stating almost 60% of all adults in the world and 1/3 children will be obese by 2050. Described as onof the worlds great healthh challenges, the report makes sombre reading!
An article re those in NZ beginning the savings pathway!!!