Tag: savings plan
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National KiwiSaver plan could boost balances—but flaw remains
National’s 12% KiwiSaver target: a potential windfall for savers National’s proposal to push KiwiSaver contribution rates up to a total of 12% could unlock substantial retirement savings for New Zealanders. If implemented, the move would see workers and employers increasing their regular contributions, with the idea that balances will compound over time and deliver a…
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National’s KiwiSaver plan: a 12% contribution push with a major caveat
National proposes a bold 12% KiwiSaver contribution New Zealand’s political landscape is once again weighing a significant reform of KiwiSaver, the national savings scheme that helps workers build a retirement nest egg. National has signaled support for gradually lifting employee contribution rates to a collective 12%, a move designed to dramatically improve long-term balances for…