National has a soft spot for Australian Super. Despite its complexity and means testing approach, somehow one of our major parties wants to follow that approach.
Aussie Super doers not match our NZ scheme (best tier 1 in the world) yet Nicola Willis trumpets compulsory Kiwi Saver, a pre cursor for means testing and raising the age of entitlement.
She is silent on Aussie Supers huge tax concessions, costing nearly as much as Super itself.
This is the new tomorrow National is wishing.https://www.theguardian.com/australia-news/2023/feb/22/what-are-australias-tax-concessions-on-super-and-are-they-a-problem
*National regularly ignores the recommendations from the Govt own advisory body, the Retirement Commissioner. Why?
Interesting article from the NZ Society of Acturies on Kiwi Saver, bedtime reading for Nicola Willis.