New Zealand Superannuation
Who qualifies for NZ Super?
Mind the income gap
While receiving NZ Superannuation is a great start, for many people it’s unlikely to provide them with the lifestyle they were hoping for in retirement.
Research from Massey University shows that even people living on their own with a ‘no frills’ lifestyle in the provinces need to supplement their NZ Super payments by more than $160 a week.
It is clear for many kiwis NZ Super alone is just not enough. Retirees need to have a clear plan in place as to how they will supplement this – otherwise even a no-frills life in Eketahuna could be out of reach. That means finding other forms of income in retirement.
MINDING THE RETIREMENT INCOME GAP
Lifetime Income is a fortnightly paycheck, but without the work or the worry, for the duration of your retirement in return for a lump sum payment.