Despite the changes to KiwiSaver announced in the last Budget the scheme remains the best long term savings vehicle for most New Zealanders, according to the Investment Savings & Insurance Association (ISI). As expected the changes signalled by the Government include halving the Government-paid Member Tax Credit from July 1, making employer contributions subject to […]
Category Archives: KiwiSaver News
More than a third of MPs in KiwiSaver
More than a third of MPs are members of a KiwiSaver scheme, according to the latest register of pecuniary interests. Of the 122 MPs, 44 are signed up to a KiwiSaver scheme. The highest proportion of members was within the Green Party, with five out of nine MPs joining the scheme. Across the remaining parties […]
Key defends KiwiSaver changes against S&P criticism
Prime Minister John Key has dismissed comments from Standard & Poor’s analyst Kyran Curry that changes to KiwiSaver will increase national debt levels. Speaking to Radio New Zealand, Curry said that while Government spending did need to be brought under control it should not be at the expense of household savings. His comments came after […]
Ahead of changes, KiwiSaver popularity rises
KiwiSaver is the third most popular investment class in the country, with 12% of New Zealanders believing it offers the best rate of return, according to the latest ASB Investor Confidence Survey. KiwiSaver came in at joint third with bank savings accounts, behind term deposits in first place with 19% and rental property at 15%. […]