Retirement Commissioner Diana Crossan agrees women should educate themselves and start saving for retirement. “A man is not a financial plan,” she says.
Auckland University economics lecturer Susan St John says linking a tax credit only to paid work cheapens the importance of caregiving.
“Once you start to reward work and tie saving incentives to work, then you are devaluing caregiving.”
St John also suggests that women, who are more likely to be caregivers, are valued (by the scheme) only if they are working.
“We need to be clear as a society that caregiving is actually work.”
But basic calculators provided on KiwiSaver websites don’t take into account the years women are likely to spend out of fulltime work – meaning,
You thought marriage was safe – here comes child support payments for the