New Zealand is set to reach a significant economic milestone in 2028 when the Government plans to make its first-ever withdrawal from the NZ Super Fund, as announced by Finance Minister Nicola Willis in a pre-Budget speech. This withdrawal, mandated by the Fund’s governing legislation, will be $32 million and is a result of economic changes that brought the forecasted date forward from 2033. Following this initial withdrawal, there will be fluctuations between withdrawals and contributions to the Fund, which was established in 2001 to support future superannuation costs.
Full Article
Lotto: $12 million up for grabs in latest Powerball jackpot draw
This evening’s $12 million Lotto Powerball jackpot was not won, rolling over to $15 million for Saturday. A MyLotto player from Napier won $1 million in the First Division draw, while a player from Christchurch celebrated a $200,000 win with Strike Four. The winning numbers were 35, 11, 9, 14, 10, and 6, with a bonus ball of 30 and the Powerball being 10. Full Article
Read more