Should superannuation be means-tested?
Retirement commissioner Jane Wrightson believes the government should be considering means testing what is currently a universal benefit, an idea she concedes is unpopular. Data from the 2023 census shows more than 9000 people aged over 65 earn more than $200,000 a year. Another 33,000 earn between $100,000 and $200,000. Treasury estimates superannuation costs the government about 18 cents of every dollar it collects in tax, or more than 24 billion dollars this year. Honorary Associate Professor of Economics at Auckland University, Susan St John, spoke to Lisa Owen.
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