Email this article 
Hide
Show all
Stimulating Retirement Savings on the Example of KiwiSaver
Abstract
The mobilization of additional retirement savings is important from the point of view of demographic changes and the increase in pension expenditure in the future. The governments of many countries apply incentives for voluntary retirement saving schemes, mostly in the form of tax reliefs. Unfortunately, these incentives do not significantly increase the number of individuals who save and do not bring vital growth for the economy. What turns out to be more effective is supplemental premium to the contributions made by the members which provides a stronger impulse for additional saving rather than just traditional tax exemptions. The article was concerned with the analysis and evaluation of innovative solutions applied within the framework of KiwiSaver scheme in New Zealand, which consists in the combination of automatic enrolment to the savings program with a strong stimulus to stay within its in the form of the employer’s contributions as well as the subsidies from the state budget.
Keywords
Full Text:
PDF (Język Polski)References
Ando A., Modigliani F., Tests of the Life Cycle Hypothesis of Saving: Comments and Suggestions, “Bulletin of the Oxford Institute of Statistics” 1957, Vol. 19(2).
Czechowska I.D., Oszczędności gospodarstw domowych w Polsce w okresie kryzysu, „Zarządzanie i Finanse” 2013, nr 2, cz. 4.
Financial Markets Authority, KiwiSaver – Annual Report, 2016.
Financial Markets Authority, KiwiSaver – Annual Report, 2017.
Friedman M., A Theory of the Consumption Function, National Bureau of Economic Research, Princeton University Press, Princeton 1957.
Golinowska S., Dodatkowe systemy emerytalne w świecie, Instytut Pracy i Spraw Socjalnych, Warszawa 1994.
Kawalec S., Błażuk K., Kurek M., Jak mobilizować dodatkowe oszczędności emerytalne?, Capital Strategy, Warszawa 2015.
Keynes J.M., Ogólna teoria zatrudnienia, procentu i pieniądza, PWN, Warszawa 2003.
Lasagabaster E., Rocha R., Wiese P., Czech Pension System: Challenges and Reform Options, “Social Protection Discussion Paper Series” 2002, No. 0217.
Lusardi A., Mitchell O.S., Financial Literacy around the World: An Overview, “NBER Working Paper” 2011, No. 17107.
Malroutu Y.L., Xiao J.J., Perceived Adequacy of Retirement Income, “Fianancial Counselingand Planning” 1995, No. 6.
Ministry of Social Development of New Zealand, www.workandincome.govt.nz/eligibility/seniors/superannuation/superannuation-overview.html [dostęp: 15.02.2018].
National Research and Evaluation Unit, KiwiSaver evaluation: Final summary report, 2015, www.ird.govt.nz [dostęp: 15.02.2018].
OECD, OECD Pensions Outlook, 2014.
OECD, Pensions at a Glance 2017: OECD and G20 Indicators, Paris 2017.
OECD, Tax Incentives Retirement Savings, 2007, www.oecd.org/finance/private-pensions/39664730.pdf [dostęp: 15.02.2018].
Oficjalna statystyka KiwiSaver za lata 2008–2017, www.kiwisaver.govt.nz/statistics/annual [dostęp: 15.02.2018].
Rutecka J., Realokacja czy nowe oszczędności? O efektach zachęt podatkowych w dodatkowym oszczędzaniu na starość w Polsce, „Rozprawy Ubezpieczeniowe” 2015, nr 18(1).
UKNF, Indywidualne konta emerytalne oraz indywidualne konta zabezpieczenia emerytalnego w I połowie 2017 roku, Warszawa 2017a.
UKNF, Pracownicze programy emerytalne w 2016 roku, Warszawa 2017b.
Yoo K.-Y., Serres A., Tax Treatment of Private Pension Savings in OECD Countries, “OECD Economic Studies” 2004, Vol. 39(2).
DOI: http://dx.doi.org/10.17951/h.2018.52.1.19
Date of publication: 2018-06-20 09:40:57
Date of submission: 2017-05-30 13:19:08
Statistics
Indicators
Refbacks
- There are currently no refbacks.
Copyright (c) 2018 Teresa Hanna Bednarczyk
This work is licensed under a Creative Commons Attribution 4.0 International License.