Pensions not going to be so Super Duper
Dec 22nd 2003, 3:11 am
#1
Thread Starter
Joined: Aug 2003
Posts: 11,149
Pensions not going to be so Super Duper
http://www.thecouriermail.news.com.a...55E462,00.html
THIRTY years of compulsory superannuation will deliver the average Australian worker less than $9000 a year.
Even combined with top-up age pension payments of $11,700, it will still mean an annual retirement income of only $20,500 a head.
THIRTY years of compulsory superannuation will deliver the average Australian worker less than $9000 a year.
Even combined with top-up age pension payments of $11,700, it will still mean an annual retirement income of only $20,500 a head.
Dec 22nd 2003, 3:28 am
#2
Banned
Joined: Aug 2002
Posts: 7,613
A bit better in NZ, you only have to live in NZ (holding PR or citizenship) for 10 years, 5 of which must be over the age of 50, and you qualify for a full NZ pension.
Currently just under NZD20K a year for a qualifying couple.
Currently just under NZD20K a year for a qualifying couple.
