--- title: "NEW SUPERANNUATION RATE: ARE YOU ON TRACK FOR RETIREMENT?" description: "There’s a new superannuation rate for 2021: from April 1, it increases by at least $10 a week for everyone. Singles living alone will receive $437 a week, up from $423; couples where both partners qualify will receive $672 a week, up from $652.\n\nWill you need more?\n\nIf you’re looking at that and thinking that it’s not a lot of money to live on, you’re not wrong.\n\nMany Kiwis do live on superannuation alone. If you have a debt-free home, a modest lifestyle and a resourceful frame of mind, you can make it work. However, you probably want more options in retirement – travel, for instance, or educating your grandchildren. To be able to live like that, you’ll need to supplement your superannuation allowance with some extra income.\n\nThat income will probably come partly from savings and KiwiSaver; it might also be generated by your business, or by rental properties, or from share market investments. The earlier you start saving and investing, the more you’ll have by the time you choose to retire – and the later you retire, the longer that money will last.\n\nCreating a retirement plan\n\nYou can use a free Kiwi retirement planner like this one to work out whether you’re on track to have the kind of lifestyle you want once you finish working. Add in your KiwiSaver, estimate how much you want to live on, and your other income, and this tool will show you if you’re heading in the right direction. Still a gap? Make a plan to get yourself on track – you might consider working with a financial advisor.\n\nWhen it comes to your business, we can help you find ways to generate more cash now, so you have more to invest in your future. We can also work with you on preparing your business for sale, or finding a way to retire from work while still keeping involved with your business and taking an income. With a bit of forward planning, you can achieve a great retirement with holidays and steak dinners.\n\nGive us a call or drop us a note, we’d love to chat with you about your plans for the future – helping our clients achieve their dreams is what makes this job so satisfying!" image: https://balanceca.nz/hubfs/Retirement-Savings_Preview.jpg --- [![Ecom](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/Logo_1.png)](https://balanceca.nz/) - [Home](https://balanceca.nz/) [![Ecom](https://balanceca.nz/hs-fs/hubfs/raw_assets/public/codfina/images/image_web/startup.png?width=60&name=startup.png) Start-ups](https://balanceca.nz/start-ups) [![Established](https://balanceca.nz/hs-fs/hubfs/raw_assets/public/codfina/images/image_web/establishedbusinesses.png?width=60&name=establishedbusinesses.png) Established Businesses](https://balanceca.nz/established-businesses) [![Agricultural](https://balanceca.nz/hs-fs/hubfs/raw_assets/public/codfina/images/image_web/agriculturalbusinesses.png?width=60&name=agriculturalbusinesses.png) Agricultural Businesses](https://balanceca.nz/agricultural-businesses) - [About](https://balanceca.nz/about-us) - [Services](https://balanceca.nz/services) [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/services_1.png) Annual Accounting & Tax Services](https://balanceca.nz/services#nav_f4) [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/services_2.png) Business Support Services](https://balanceca.nz/services#nav_f4) [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/services_3.png) Business Development](https://balanceca.nz/services#nav_f4) [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/services_4.png) Business Planning](https://balanceca.nz/services#nav_m4) [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/services_5.png) Cashflow Management](https://balanceca.nz/services#nav_m4) [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/services_6.png) Accountability Coaching](https://balanceca.nz/services#nav_m4) [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/services_7.png) Succession Planning](https://balanceca.nz/services#nav_m4) [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/services_8.png) Organisational Review](https://balanceca.nz/services#nav_b3) [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/services%20icon-9.png) Governance](https://balanceca.nz/services#nav_b3) [![](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/services-10-01.png) Specialist Māori Sector Services](https://balanceca.nz/services#nav_f4) [![](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/11_Connections.png) Connections](https://balanceca.nz/services#nav_b3) # BALANCE Take control of your finances with BalanceCA, your trusted partner for all your accounting and financial needs. We are dedicated to helping individuals and businesses achieve financial wellness, allowing you to focus on what truly matters. [Learn More](https://balanceca.nz/blogs/services) - [Blogs](https://balanceca.nz/blogs) - Calculators [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/Calculator_1.png) Income Tax Calculator](https://balanceca.nz/income-tax-cal) [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/Calculator_3.png) BrightLine Property Tax Calculator](https://balanceca.nz/brightline-cal) [![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/Calculator_2.png) Goods & Services (GST) Tax Calculator](https://balanceca.nz/gst-cal) ## BALANCE Take control of your finances with BalanceCA, your trusted partner for all your accounting and financial needs. We are dedicated to helping individuals and businesses achieve financial wellness, allowing you to focus on what truly matters. [Learn More](https://balanceca.nz/income-tax-cal) - [Payment](https://balanceca.nz/Payments) - [Contact us](https://balanceca.nz/contact-us) [![](https://balanceca.nz/hubfs/raw_assets/public/codfina/assets/imgs/page/image_web/Coffee.png) Grab a coffee](https://balanceca.nz/Booking) [![IORI](https://balanceca.nz/hubfs/raw_assets/public/codfina/assets/imgs/page/image_web/Logo1.png)](https://balanceca.nz/) - Home - [About](https://balanceca.nz/about-us) - Services - [Blogs](https://balanceca.nz/blogs) - Calculators - [Payment](https://balanceca.nz/Payments) - [Contact us](https://balanceca.nz/contact-us) - [My Profile](https://balanceca.nz/blogs/login.html) - Work Preferences - My Boosted Shots - My Collections - Account Settings - Go Pro - [Sign Out](https://balanceca.nz/blogs/register.html) ## NEW SUPERANNUATION RATE: ARE YOU ON TRACK FOR RETIREMENT? Tags: [Business](https://balanceca.nz/blogs/tag/business) --- ![Balance CA](https://balanceca.nz/hubfs/kamato-1.png) [Balance CA](https://balanceca.nz/blogs/author/balance-ca) Updated: June 05, 2023 Jan 20, 2024 5:38:35 PM --- There’s a new [superannuation rate](https://web.archive.org/web/20230127064812/https://sorted.org.nz/guides/retirement/this-years-nz-super-rates/) for 2021: from April 1, it increases by at least $10 a week for everyone. Singles living alone will receive $437 a week, up from $423; couples where both partners qualify will receive $672 a week, up from $652. **Will you need more?** If you’re looking at that and thinking that it’s not a lot of money to live on, you’re not wrong. Many Kiwis do live on superannuation alone. If you have a debt-free home, a modest lifestyle and a resourceful frame of mind, you can make it work. However, you probably want more options in retirement – travel, for instance, or educating your grandchildren. To be able to live like that, you’ll need to supplement your superannuation allowance with some extra income. That income will probably come partly from savings and KiwiSaver; it might also be generated by your business, or by rental properties, or from share market investments. The earlier you start saving and investing, the more you’ll have by the time you choose to retire – and the later you retire, the longer that money will last. **Creating a retirement plan** You can use a [free Kiwi retirement planner](https://web.archive.org/web/20230127064812/https://sorted.org.nz/tools/retirement-planner) like this one to work out whether you’re on track to have the kind of lifestyle you want once you finish working. Add in your KiwiSaver, estimate how much you want to live on, and your other income, and this tool will show you if you’re heading in the right direction. Still a gap? Make a plan to get yourself on track – you might consider working with a financial advisor. When it comes to your business, we can help you find ways to generate more cash now, so you have more to invest in your future. We can also work with you on preparing your business for sale, or finding a way to retire from work while still keeping involved with your business and taking an income. With a bit of forward planning, you can achieve a great retirement with holidays and steak dinners. Give us a call or drop us a note, we’d love to chat with you about your plans for the future – helping our clients achieve their dreams is what makes this job so satisfying! ![image](https://balanceca.nz/hubfs/raw_assets/public/codfina/images/image_web/Logo_1.png) ##### Balance Whanganui - [0800 480 062](tel:+640800480062) [06 348 0062](tel:+64063480062) - [whanganui@balanceca.nz](mailto:whanganui@balanceca.nz) - 10 Dublin Street, Whanganui, 4500 PO Box 670, Whanganui, 4540 ##### Balance New Plymouth - [06 769 5389](tel:+64067695389) - [newplymouth@balanceca.nz](mailto:newplymouth@balanceca.nz) - 141 Powderham Street PO Box 593, New Plymouth Central, New Plymouth 4310 ##### Balance Stratford - [06 765 6156](tel:+64067656156) - [stratford@balanceca.nz](mailto:stratford@balanceca.nz) - 199 Broadway, Stratford, 4352 PO Box 670, Stratford, 4352 Balance Official 2026. All rights reserved. [mailto:hello@balanceca.nz](mailto:hello@balanceca.nz) [tel:+640800480062](tel:+640800480062) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Balance CA", "url" : "https://balanceca.nz/blogs/author/balance-ca" }, "dateModified" : "2024-01-20T22:38:35.443Z", "datePublished" : "2024-01-20T22:38:35.000Z", "headline" : "NEW SUPERANNUATION RATE: ARE YOU ON TRACK FOR RETIREMENT?", "image" : [ "https://balanceca.nz/hubfs/Retirement-Savings_Preview.jpg" ], "mainEntityOfPage" : { "@id" : "https://balanceca.nz/blogs/new-superannuation-rate-are-you-on-track-for-retirement", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" } } } ```