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Jonathan Eriksen: Superannuation expert on the Government making it's first ever Super Fund withdrawal

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Manage episode 482571682 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

New Zealand will pass an economic milestone in 2028, with the Government making it's first ever Super Fund withdrawal.

The Finance Minister revealed yesterday they'll begin offset superannuation costs by withdrawing $32 million from the New Zealand Super Fund.

From 2031, withdrawals are expected annually.

Superannuation expert Jonathan Eriksen told Ryan Bridge it's exactly what the Superfund was set up to do.

He says it's up to $80 billion currently and is generating returns of 10% per annum, with 1% of that being $80 million.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

3941 episodes

Artwork
iconShare
 
Manage episode 482571682 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

New Zealand will pass an economic milestone in 2028, with the Government making it's first ever Super Fund withdrawal.

The Finance Minister revealed yesterday they'll begin offset superannuation costs by withdrawing $32 million from the New Zealand Super Fund.

From 2031, withdrawals are expected annually.

Superannuation expert Jonathan Eriksen told Ryan Bridge it's exactly what the Superfund was set up to do.

He says it's up to $80 billion currently and is generating returns of 10% per annum, with 1% of that being $80 million.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

3941 episodes

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