Category Archives: KiwiSaver Articles

New Zealand’s 3.168 million KiwiSaver members paid $692 million in fees in 2022, a 6.9% increase from the previous year. These fees – a combination of administration and management charges –  chewed up more than half of members’ investment returns, which this year dropped 90% to $1.3b. Income from administration fees fell from $80.8m last […]

The KiwiSaver company Kōura Wealth has started a petition to improve gender equity in retirement. The petition will urge parliament to change the KiwiSaver Act so that a couple’s contributions can be pooled.  This would create a Contribution Sharing Scheme, under which couples, either married or de facto, could share their KiwiSaver contributions. This would […]

Retirement Commissioner Jane Wrightson is calling for KiwiSaver to be made compulsory and the minimum contribution rate ramped up to 5%.   But she doesn’t think the current government will be brave enough to make these changes which, she believes, are needed for KiwiSaver to remain fit-for-purpose over the net 30 years. Wrightson thinks, however, […]

Levying GST on KiwiSaver and managed funds fees could slice $186 billion from New Zealanders' saving balances by 2070. A proposal to add 15% GST to services supplied by investment managers to managed funds and retirement schemes was introduced to Parliament on Tuesday by revenue minister David Parker, under the Taxation (Annual Rates for 2022-23, […]