Australians receive relatively higher contribute rates from their employer towards the Australian superannuation scheme, than NZers receive from their employers towards KiwiSaver. However, NZ has a universal pension scheme that all eligible residents receive once they reach age 65. In Australia, their pension scheme is income and asset tested, and eligible residents receive it when they reach age 67 (it's been gradually increasing from 65 to 67). Which one of the two systems would you rather live in?
Australians receive relatively higher contribute rates from their employer towards the Australian superannuation scheme, than NZers receive from their employers towards KiwiSaver. However, NZ has a universal pension scheme that all eligible residents receive once they reach age 65. In Australia, their pension scheme is income and asset tested, and eligible residents receive it when they reach age 67 (it's been gradually increasing from 65 to 67).
Which one of the two systems would you rather live in?
My employer is so sh%! They don't contribute anything for me. I have to do the voluntary payments to get the government contribution