Proposed Kiwisaver changes could boost retirement incomes

Author
Newstalk ZB,
Publish Date
Tue, 15 Oct 2019, 3:25PM
Photo / 123RF

Proposed Kiwisaver changes could boost retirement incomes

Author
Newstalk ZB,
Publish Date
Tue, 15 Oct 2019, 3:25PM

Suggested Kiwisaver changes are being tipped to reverse declining home ownership rates and boost retirement income.

The Interim Retirement Commissioner is recommending relaxing the rules to allow first home withdrawals to include investment properties.

Home ownership has dropped almost 25 percent over the last 30 years.

Peter Cordtz told Kate Hawkesby that has a big impact on people's ability to retire comfortably.

'The changes would help Kiwis get on the property ladder and create a long-term investment to aid their retirement."

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