Superannuation Increases

John Key mentioned in his conference speech that a couple receiving superannuation will come October be receiving $70 a week more in the hand, than in 2008. I thought this can’t be right. Surely Grey Power could not be so grumpy, if this was right – but it is – I asked for the details.

1. 30 September 2008 – $439.80
2. 1 October 2008 tax cuts +$22.94 = $462.74
3. 1 April 2009 CPI adjust +$15.64 = $478.38
4. 1 April 2010 av wage adjust +$11.04 = $489.42
5. 1 October 2010 tax cuts +$21.64 = $511.06

So over two years, the level of married superannuation has gone up a whopping $71.26 a week.