KiwiSaver enters new phase with increased contributions
KiwiSaver has shifted to a new era with mandatory contribution rates rising beyond the 6% level that held for nearly two decades.
After 19 financial years of stable mandatory contribution rates at 6% or less, KiwiSaver is entering a new phase with increased inflows. For many New Zealanders, the retirement savings scheme represents one of the largest pools of money they will accumulate during their working lives, raising questions about its accessibility and use.
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BusinessDesk
KiwiSaver to the moon
KiwiSaver has entered a new phase. After 19 financial years (or 18 and three-quarters for pedants) in which mandatory contribution rates have remained at 6% or less, the retirement savings system is now in rocket-booster mode as a surge of…
Stuff
Retirement fund or rainy day: How accessible should KiwiSaver be?
KiwiSaver might be designed to help fund your retirement, but for many New Zealanders it is also one of the biggest pools of money they will accumulate during their working lives.