Government’s KiwiSaver Changes Don’t Go Far Enough

Government’s KiwiSaver changes don’t go far enough

THREE KEY FACTS The Government’s Budget KiwiSaver changes will be positive for most employees’ retirement savings but don’t go far enough. On Thursday,...

How the KiwiSaver change will affect different income earners

Someone on an average income will be paying nearly $900 a year more into the scheme, while someone at the top threshold will be paying $7200.

Budget 2025: Who's worse off under new KiwiSaver changes?

The increase in contribution rates should make most savers better off - but it won't benefit everyone.

Providers say KiwiSaver ‘switcheroo’ will hit low-income workers and women hardest

Scheme provider says changes could worsen female KiwiSavers’ retirement savings deficit The post Providers say KiwiSaver ‘switcheroo’ will hit low-income workers and women hardest appeared first on Newsroom.

National failing on the cost of living – Labour

Despite all the promises, Kiwis are still going backwards in Budget 2025. “Kiwis do not feel like they’re getting a fair deal under National,” Labour finance and economy spokesperson Barbara Edmonds said. “They have cut $11 billion from women’s pay and cut KiwiSaver contributions. “As a result of Nicola Willis’ cuts to Kiwisaver, an 18-year-old today will have $66,000 less at retirement age than they would have if the Finance Minister had any f…