How much capital do I need to retire comfortably on ?

[winner69]

Watching the Salvation Army handing out food parcels on TV News last night I would hazard a guess that retirement is the last thing on many people’s minds

[Bjauck]

Watching the Salvation Army handing out food parcels on TV News last night I would hazard a guess that retirement is the last thing on many people’s minds

Yep. A previous lack of planning has meant accommodation costs have soaked up a greater proportion of income and has brought about an accommodation crisis in many parts of the country. A previous lack of planning for retirement schemes has meant many people have relied susbstantially on their own home as their nest egg. The fixed KiwiSaver annual tax credit does not encourage the amassing of large KiwiSaver balances. For those, even single people, who can afford it, home ownership remains the best tax-preferred, albeit overpriced, way of amassing the retirement nest-egg.