AMP Superwatch August 2006
AMP Superwatch August 2006
Q2. Can you please tell me whether or not you are saving for anything at the moment? Please include any savings you do on your own or jointly with your partner.
|
|
Aug 06 (%) |
|
Yes |
65 |
|
No |
34 |
|
Don’t know |
1 |
All respondents |
(500) |
Q3. Which of the following
items or events are you personally, or you and your partner, currently saving
for?
|
|
Aug 06 (%) |
|
Retirement
or Superannuation |
51 |
|
A
rainy day or emergency fund |
45 |
|
Travel
or holidays |
42 |
|
Education
- Your own or your children’s or grandchildren’s |
23 |
|
Home
improvements |
23 |
|
A
deposit for a home purchase |
14 |
|
A
new car |
11 |
|
None
|
4 |
|
Don't
know/no answer |
1 |
Currently saving |
(313) |
Q4a. Which of these are you currently doing that you view as part of your saving for your retirement, either on your own or with your partner?
|
|
Aug 06 (%) |
|
Paying
off the mortgage on your home |
52 |
|
Contributing
to a private/personal superannuation savings plan |
52 |
|
Investing
in bank or term deposit investments |
40 |
|
Contributing
to a workplace superannuation scheme |
37 |
|
Investing
in a Managed Fund or Unit trust investments |
29 |
|
Investing
in Residential property other than your own home |
25 |
|
Investing
directly in shares |
20 |
|
Investing
in your own business |
18 |
|
Investing
directly in commercial property |
8 |
|
Don’t
know |
1 |
|
Something
else not mentioned |
0 |
Saving for retirement |
(183) |
Q4b. And which of the following are you using, to help you calculate how much savings you need for your retirement?
|
|
Aug 06 (%) |
|
Made a few calculations based on my
circumstances and estimated it myself |
52 |
|
Just guessing |
32 |
|
A Financial Planner / Insurance Adviser |
29 |
|
Assessed based on the amount of my
mortgage or mortgages |
13 |
|
Friends and family |
12 |
|
An Accountant |
11 |
|
Use a needs calculator on an ‘other’ website |
9 |
|
Use a needs calculator on an insurance
provider’s website |
5 |
|
Don’t
know/no answer |
3 |
Saving for retirement |
(183) |
Q4c. What are the main barriers at the moment for you to be able to save for your retirement?
|
|
Aug 06 (%) |
|
Don’t earn enough |
29 |
|
Too many other financial commitments |
22 |
|
I am concentrating on my mortgage |
9 |
|
High cost of living / inflation |
8 |
|
Haven’t got around to it |
7 |
|
No barriers |
6 |
|
Don’t know where to start |
5 |
|
Savings gets taxed |
3 |
|
Family will look after me |
1 |
|
Don’t trust advisers/financial institutions |
0 |
|
Still young |
0 |
|
Not a priority at this time |
0 |
|
Student loan |
0 |
|
Other |
13 |
Currently NOT saving
|
(104) |
Q5a/c Does your current employer provide a work place super scheme that you are eligible to join? / In your business do you currently provide a work place super scheme that you are also eligible to join?
|
|
All employed or |
Employed |
Self employed |
|
|
Aug 2006 |
Aug 2006 |
Aug 2006 |
|
Yes |
26 |
32 |
2 |
|
No |
69 |
61 |
98 |
|
Don’t know |
5 |
7 |
0 |
|
Currently
employed or self employed Currently
employed Currently
self employed |
(310) |
(243) |
(67) |
Q5b. Are you eligible to join?
|
|
Aug 06 (%) |
|
|
Yes |
87 |
|
|
No |
10 |
|
|
Don’t
know |
3 |
|
Currently employed and have super scheme |
(97) |
|
Q6. Why don’t you
participate in your workplace scheme?
