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Winston Peters Proposes 3-Year Grace for Super Payments

9/6/2026

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Summary

Story summary

Winston Peters proposes limiting NZ Super payments to citizens, with a three-year grace period.
Peters says migrants add a “ticking time bomb” tax burden to the superannuation system.
Annual superannuation cost for older migrants rose to $1 billion in 2025, up from $500 million in 2015.
The Crown paid $2 million weekly to over 42,000 superannuitants aged 50+ in December 2025.

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Story summary

Winston Peters proposes limiting NZ Super payments to citizens, with a three-year grace period.
Peters says migrants add a “ticking time bomb” tax burden to the superannuation system.
Annual superannuation cost for older migrants rose to $1 billion in 2025, up from $500 million in 2015.
The Crown paid $2 million weekly to over 42,000 superannuitants aged 50+ in December 2025.