99.5 Per Cent Benefiting From KiwiSaver Change

99.5 Per Cent Benefiting From KiwiSaver Change

Most New Zealanders have already embraced KiwiSaver as a simple way of saving to supplement their income in retirement. These changes will provide them with greater financial security.

Willis claims win as just 0.5 percent opt out of higher KiwiSaver contributions

Just 0.5 percent of New Zealand workers actively contributing to their KiwiSaver scheme have chosen to opt out of a higher contribution rate, according to new figures. Finance Minister Nicola Willis has hailed the result as a win – but says the Government still does not intend to provide the public service with extra funds to help agencies meet the extra costs of funding higher employer contributions. At last year’s Budget, Willis announced the …