Retirees say pension not enough
The Financial Services Council has released a report which shows 65% of all New Zealanders aged over 18 think retirees need more than the pension.
Of those who are already retired, that number increases to 78%.
Super for a single person living alone is $374.53 after tax.
FSC chief executive Peter Neilson said: “Older New Zealanders already living on NZ Super know you need to save if you are to achieve a comfortable retirement. Most future retirees will have some KiwiSaver savings to fund a better retirement. Overseas research has revealed most retirees regret not having received more education and not having saved more for their retirement.”
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