PM Says Budget ‘Backs Growth’, Labour Claims KiwiSaver Cuts Make Workers up to $66k Worse Off

KiwiSaver at a crossroads: budget another missed opportunity to fix NZ’s underperforming retirement scheme

KiwiSaver balances remain shockingly low, and constant changes risk undermining faith in a system that is already failing future retirees.

Budget 2025: High earners can't get KiwiSaver credit - but they can get the pension

Commentators say it's "incoherent" the rules are being tightened on young people because it's "politically risky" to touch pensions.

KiwiSaver just changed – what should I do with my money now?

With government KiwiSaver contributions set to halve, is there a better way to save for retirement?

Willis raiding retirement funds to save the Budget, Labour says

Labour leader Chris Hipkins says the Government’s cutback to its KiwiSaver contributions means it is raiding the retirement funds of New Zealanders.

Govt halves contribution to workers’ KiwiSavers; employers get tax cuts

Analysis: Workers will have to take responsibility for a bigger share of their own retirement savings, with the Government cutting most of its contributions, as well as opening the door for employers to negotiate a lower share.Over the next four years, Finance Minister Nicola Willis has cut a handy $2.5 billion (roughly $620 million a year) in spending by halving the Government contribution to 0.25 percent, and stopping any contribution to high-…

PM says Budget ‘backs growth’, Labour claims KiwiSaver cuts make workers up to $66k worse off

Labour claims an 18-year-old would be $66,000 worse off in retirement under the Government’s KiwiSaver subsidy changes announced today. The figure is based...