22-09-2023, 03:39 PM
(22-09-2023, 12:26 PM)Oh_hunnihunni Wrote:(22-09-2023, 12:01 PM)king1 Wrote: New Zealand Super Fund was supposed to be the vehicle for covering the costs of Superannuation for the baby boomers...
Exactly. Dedicated funding for a dedicated purpose. Sadly, open to political interference.
Predominantly by those with private schemes.
One thing a lot of folk are intent on ignoring - receiving National Superannuation , like the Winter Energy payment, is not complusory. Those who oppose it in its present form could do us all a favour and opt out by simply not applying for it. If those who do not need it did that, those who do could receive more.
But no, they won't.
True, there are some who although they're well off & don't need it continue to receive it anyway. While I don't begrudge those who have are doing OK but continue to receive it for good reasons i.e. helping family on a regular basis or similar, when they'd be unable to if not for superannuation I do feel that those who are extremely well off & really don't need it should not be accepting it.
And superannuation should be well funded & ring fenced to keep it out of reach of meddling politicians & their 'improvements.'
in order to be old & wise, you must first be young & stupid. (I'm still working on that.)