From Carmel Sepuloni <[email protected]>
Subject Keeping Super at 65
Date May 27, 2023 3:01 AM
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Kia ora John,



Today, I announced Labour’s first policy of the 2023 election campaign. A Chris-Hipkins-led Government will keep the Superannuation Age of Eligibility at 65 years and over.



We’re also keeping the Winter Energy Payment in place permanently to support Kiwis and their whānau in the winter months, where household budgets are particularly stretched.



New Zealand has one of the simplest superannuation schemes in the world. It’s universal and generous, and as long as we keep paying into the Super Fund it’s also affordable.



Research tells us there is little appetite amongst Kiwis for a means-testing regime or changing the age of eligibility, which is why we’re committed to keeping Super universal from age 65.



National and ACT superannuation policies are out of touch and put New Zealander’s retirement savings at risk. Their plans to lift the age of eligibility and cut Government contributions to KiwiSaver will reduce New Zealanders' retirement savings. This will have an especially detrimental impact on disadvantaged women, Māori and Pasifika.



We’re drawing a clear distinction between Labour and the Coalition of Cuts – we will not be toying with the age of eligibility. Under Labour, Superannuation will remain accessible, affordable and equitable.



Unlike the Coalition of Cuts, we believe NZ Super, contributions to the Super Fund, and full Government contributions to KiwiSaver, are essential and affordable. We also believe that the Winter Energy Payment is too valuable to lose.



In this election, New Zealanders have a clear choice when it comes to support and security in retirement. The cuts that National and ACT make will have real-life consequences for people. With your financial support, we can protect against the Coalition of Cuts and keep Super at 65. <[link removed]>



Thanks,

Carmel









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