Dunne's flexi-pension risks NZ Super blow-out

Allowing New Zealanders to choose when they take the pension could increase the already significant cost of the scheme, a superannuation researcher says.

The proposal, by United Future leader and former Revenue Minister Peter Dunne, would allow people to start taking New Zealand Superannuation at any age between 60 and 70, rather than the current system where everyone gets it from 65.

It would adjust the level lower by 6% for every year before 65, and raise it by 10% for every year over.

 

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