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Explained: Why has the Government moved the Super withdrawal timeline?

Author
Newstalk ZB,
Publish Date
Tue, 13 May 2025, 7:54pm
 Photo / 123rf
Photo / 123rf

Explained: Why has the Government moved the Super withdrawal timeline?

Author
Newstalk ZB,
Publish Date
Tue, 13 May 2025, 7:54pm

The Finance Minister has revealed the Government will will make its first withdrawal from the Super in 2028 - five years earlier than initially planned.

In the first year, $32 million will be withdrawn - but from 2031, withdrawals are expected annually.

Infometrics Principal Economist Brad Olsen explains why this is happening.

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