Superannuation
Slr,-—T. H. Carne’s National Superannuitants’ Federation has taken umbrage at the Labour Government’s imposition of a surtax and urged members to vote National in the coming General Election. Any future superannuitants now aged from about 40 years upwards will find themselves disadvantaged if such a parvanimitous view prevails. The National... Party’s election policy on superannuation, calls for the removal pfj the surtax-and progressively raising the qualifying, age, by five years!to 65. After paying taxes all their working lives. with the expectation' of a dignified retirement ;at 60/the average inale (who has ailife expectancy of about 70 yehrs) will retire at 65 and expire after five more years. For this dubious pleasure he worked
five years longer, paid five years more tax and forfeited five years of superannuation. National’s Yaldhurst candidate, James Bacon, in an electioneering leaflet put in my letterbox, extolls the virtues of National’s policies but, understandably, omits any reference to the iniqultious superannuation policy. — Yours, etc., DAVID R. ATTEWELL July 18, 1987.
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Bibliographic details
Press, 24 July 1987, Page 16
Word Count
165Superannuation Press, 24 July 1987, Page 16
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