ACT raising pension age

[Lilith7]

Let them raise the pension age 3 months twice a year if they wish, I'm raising my age a whole lot faster than that, I've been doing that for quite a while and I expect to be doing it quite a while longer ~ though hopefully not lingering until Seymour reaches the stage of conscious thought. Ten score and Ten is a bit much.

Not a lot of fun for the poor sods coming after us though. You'd think that successive past govts might have given considerably more thought to superannuation in the future.

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Hopefully me too kenj. I do wonder though how old dken is...

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There is a common misapprehension about taxes and their future benefit. National Superanniation is not a pension scheme, it isn't kiwisaver, or like any other retirement savings scheme. The taxes we pay on a daily basis are not dedicated to any one purpose, but many, so the oft repeated complaint that ' taxes don't match super' fails to take into account the large numbers of working adults who never get to receive superannuation. They die too young to benefit. And large numbers of those were and are the hardest working of the lot in a physical sense, and potentially the most in need of a decent retirement income. Raising the age simply means fewer will live long enough to receive it.

Instead we need to focus on improving health and education, which will have measurable positive impacts on the economy, in both savings and productivity. That, and a fairer tax system would go a long way towards making this country an even better place for everyone, especially those whose daily working lives contribute and cost them more than others.

Indeed - imo, health & education should be funded by raising our taxes (not to a punitive level) & by removing the possibility of avoiding paying tax in order to fund both as far as possible.

It seems utterly unfair to simply continue to raise the age when its considered that there will now be large numbers of people who must continue working unti they die, because they're unable to afford anything else. And that is the main reason since if they were wealthy enough the situation would not apply.

Fairness however, isn't something with which ACT concerns itself.