The Finance Minister has revealed the Government will will make its first withdrawal from the Super in 2028 - five years earlier than initially planned.

In the first year, $32 million will be withdrawn - but from 2031, withdrawals are expected annually.

Infometrics Principal Economist Brad Olsen explains why this is happening.

LISTEN ABOVE

The Finance Minister has revealed the Government will will make its first withdrawal from the Super in 2028 - five years earlier than initially planned.
In the first year, $32 million will be withdrawn - but from 2031, withdrawals are expected annually.
Infometrics Principal Economist Brad Olsen explains why this is happening.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Brad Olsen: Infometrics Principal Economist on Nicola Willis revealing the Government will make its first withdrawal from the Super in 2028

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/eea2a59b-ba89-4ee6-957e-b2dc008277db/transcript