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Hipkins Defends Super-Funded Holiday Home, Urges Savings

6/8/2026

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Summary

Story summary

Prime Minister Chris Hipkins said his parliamentary superannuation contributions service the mortgage on his second holiday home in Raumati.
Melissa Lee, Jenny Salesa, Erica Stanford and Judith Collins have also listed private superannuation schemes that own holiday or rental homes.
Hipkins argued that using his retirement savings for the house does not conflict with Labour’s goal to curb housing speculation, while urging higher retirement savings rates for all New Zealanders.

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Story summary

Prime Minister Chris Hipkins said his parliamentary superannuation contributions service the mortgage on his second holiday home in Raumati.
Melissa Lee, Jenny Salesa, Erica Stanford and Judith Collins have also listed private superannuation schemes that own holiday or rental homes.
Hipkins argued that using his retirement savings for the house does not conflict with Labour’s goal to curb housing speculation, while urging higher retirement savings rates for all New Zealanders.