Via Stuff and the DimPost
Tens of thousands of well-off pensioners are claiming up to half a billion dollars in superannuation every year.
With government debt at more than $60 billion, critics say the wealthy are asking their children and grandchildren to fund their so-called retirement.
Ministry of Social Development figures revealed more than 26,000 people with total income of more than $70,000 a year claimed superannuation last year. At current rates, this could add up to $570m a year before tax..
From last year in the Herald via me
Imagine the public outrage if it were discovered that more than 80,000 New Zealanders were receiving wages, salaries and investment incomes of more than $6 billion a year, but were also receiving a benefit from the Government.
…
Income figures this week from Statistics NZ show more than 80,000 New Zealanders over the age of 65 receive wages, salaries and investment returns of more than $6.5 billion a year while claiming NZ Super.
The benefits to those 80,000-plus seniors are costing poorer taxpayers at least $1.3 billion a year. Many of these beneficiaries will be retired judges, politicians, chief executives, doctors, diplomats and lawyers who are well able to look after themselves.
It seems the problem is only half as bad now, without any policy changes. Either that, or people really don’t know where they would like to draw the line.