Retirement Savings Confidence Barometer: February - March 2013

Released 14 May 2013

Key figures:

  • 64% of those surveyed are saving for retirement.
  • 31% of those surveyed are not currently in a savings scheme.
  • Almost a third of those not saving expect their retirement income to come from other sources like selling their business, an investment property or an inheritance. More than half of those not saving plan to save in the future.
  • 5% of all respondents said they intend to live solely on NZ Superannuation in retirement.
  • 48% are confident of reaching their goals, among those who are saving, plan to save or expect to have an additional income in retirement.
  • 43% of those who plan to have a retirement income on top of NZ Super chose $500 or more as their additional weekly income.
  • 51% of those contributing to KiwiSaver are confident, 29% of those who have stopped contributing to KiwiSaver are confident; 47% of those on a contributions holiday are confident.

Download the full media release.

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