{"id":136780,"date":"2025-10-21T20:39:08","date_gmt":"2025-10-21T20:39:08","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/136780\/"},"modified":"2025-10-21T20:39:08","modified_gmt":"2025-10-21T20:39:08","slug":"retirement-planning-for-more-than-nz-superannuation","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/136780\/","title":{"rendered":"Retirement: Planning for more than NZ Superannuation"},"content":{"rendered":"

With concerns and discussions around superannuation and what it will look like in the future<\/strong><\/a>, an expert says people should be continuing to operate on the basis that it will be there.<\/p>\n

\u201cI\u2019m closer to retirement age<\/strong><\/a> than perhaps I\u2019d like to admit and even when I was young, there was a lot of discussion about is it still going to be around. Well, it\u2019s still around many years later,\u201d Massey University Associate Professor Claire Matthews says.<\/p>\n

\u201cI think it\u2019s unlikely that it will actually be removed and it\u2019s unlikely that there will be huge changes \u2026 But fundamentally, people should be planning on that basis, and that’s actually part of the argument for why it needs to continue.”<\/p>\n

“Because people are planning on the basis\u00a0that, yes, they\u2019ve got their KiwiSaver and they will have some additional funds … They are planning on the basis that\u2019s on top of New Zealand Super.\u201d<\/p>\n

Matthews\u2019 comments coincide with the release of the latest Retirement Expenditure Guidelines from Massey University\u2019s NZ Fin-Ed Centre on Wednesday.<\/p>\n

The report is used by advisers, policymakers and individuals when discussing retirement planning<\/strong><\/a>. It aims to provide a realistic view of retirement living costs across different household types and regions.<\/p>\n

The Guidelines are prepared from Statistics New Zealand\u2019s Household Economic Survey<\/strong><\/a>. Based on the household living-costs price indexes, inflation experienced in the 12 months to the December 2024 quarter for superannuitants was 3.6%<\/strong><\/a>.<\/p>\n

Matthews, the report author, says one of the key things that stood out to her was inflation for the household groups<\/strong><\/a> relative to the CPI (consumer price index) inflation.<\/p>\n

\u201cSo many of them having inflation at a higher rate demonstrates that despite the fact there is an adjustment for CPI, it\u2019s not actually keeping them up as it needs to because their experience of inflation is actually greater than that,\u201d Matthews says.<\/p>\n

The report found:<\/p>\n