Tag: Australia comparison
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KiwiSaver Pledge Scrutiny: What the Australia-Style Contribution Boost Means for New Zealand
Introduction: A pledge under the microscope The National Party’s pledge to gradually raise the KiwiSaver employer and employee contribution rates to match Australia has sparked a debate about apples-to-apples comparisons, budget impacts, and real-life effects on everyday savers. Prime Minister Christopher Luxon outlined a pathway that would see higher KiwiSaver contributions phased in over time,…
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KiwiSaver pledge faces scrutiny as apples-to-apples comparison questioned
KiwiSaver pledge under close watch as comparison comes under fire New Zealand’s political debate around retirement savings has sharpened focus on a pledge to lift the KiwiSaver contribution rate to Australian levels. Prime Minister Christopher Luxon outlined a gradual plan, stating that if re-elected next year, the government would phase in higher employee and employer…