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KiwiSaver Changes in Budget Highlighted
The FSC has welcomed the Government’s Budget announcement to increase the default KiwiSaver contribution rate, but cautions on the implications of the decision to reduce the Government contribution. A statement from the council says it welcomes the Government’s Budget decision to increase the default KiwiSaver contribution rate from 3% to 4% by 2028 and in extending government and employer contributions to working 16-and 17-year-olds “…recognisi…
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