Opportunity for a lifetime: Creating an ownership society in New Zealand
Overview
This report outlines a bold aspiration for a policy commitment to create an ownership society in New Zealand. The major recommendation is the establishment of an individual lifetime savings account that will be created automatically for everyone at birth, with a series of government endowments, and additional contributions from across the board tax cuts and a matched savings scheme. These funds can be withdrawn to finance education costs, a first home deposit, and retirement. Proposals are also made with respect to housing policy, student loans policy, welfare policy, and to strengthen financial education. Together, these proposals will significantly enhance the ability of many more New Zealanders to get ahead and will also have a material impact on the level of national savings.> Executive summary (272kb PDF)
> Full report (772kb PDF)
