KiwiSaver

[BUDGET] New KiwiSaver members miss out on Kick Start

Thursday 21st of May 2015

“KiwiSaver has been successful in attracting members, with 2.5 million New Zealanders having a KiwiSaver account and together receiving $2.5 billion in kick-start payments since the scheme started in 2007,” English says.

“However, it also has considerable costs for taxpayers. The Government will spend more than $850 million this year on two subsidies – the ongoing government subsidy of u...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.