The number of New Zealanders signed up for KiwiSaver at the end of the scheme’s first six months is far more than was expected for its first year, announced Finance Minister Michael Cullen and Revenue Minister Peter Dunne. Press Release As at 31 December, 381,000 New Zealanders were actively saving for their retirement through KiwiSaver. […]
Category Archives: KiwiSaver News
Politicians raspberry Retirement Commissioner’s idea
The Retirement Commissioner’s suggestion of lifting the age New Zealand Superannuation kicks in has been greeted with a resounding raspberry by both main political parties.”No way,” was how Finance Minister Michael Cullen responded to a question about it from Good Returns at a briefing on the government’s Half Yearly Economic and Fiscal Update. Cullen said […]
KiwiSaver numbers surge past 300,000
The number of people joining KiwiSaver continues to defy initial expectations with over 316,000 New Zealanders signing up in just the first five months, Finance Minister Michael Cullen and Revenue Minister Peter Dunne said today.As at 30 November, 316,865 New Zealanders were actively saving for their retirement through KiwiSaver. This news comes just a month […]
Investment the key, says Cullen
New Zealand’s efforts to be economically strong should include increased capital investment by manufacturing and other firms, Deputy Prime Minister Michael Cullen says. The service and manufacturing sector in particular needed to change to help drive New Zealanders’ incomes towards those in Australia, Cullen told The Press after the 20/20 Primary Industries Summit in Christchurch […]