Year: 2025
Type: article
Abstract: Changing New Zealand Superannuation into a genuine basic income is a 21st-century idea that would allow a simple but effective clawback mechanism to operate through the tax system, generating useful revenue to help meet current and future government expenditure pressures in aged care, pensions, education, poverty reduction and climate change. In this article, various special tax schedules for superannuitants are modelled for 2025/26 for those who opt onto the basic income, called here the New Zealand Superannuation Grant. Significant savings are possible and could be further enhanced by alignment of the various rates of New Zealand Superannuation as set out in detail in St John (2025).
Source: Policy Quarterly
Author: Susan St. John
Institution: University of Auckland
Language: English
Field: Social Sciences
Domain: Social Sciences
SDG: No poverty
Open Access status: diamond
OpenAlex ID: W4413637979