KiwiSaver

KiwiSaver insufficient: FSC

Monday 25th of March 2013

About 65% said it was not enough to live on. Ten per cent said they were not sure and 15% were neutral.

NZ Superannuation provides an individual $349 a week.

FSC chief executive Peter Neilson said despite that, New Zealanders were not doing enough to save for their retirement and standard KiwiSaver contributions were insufficient.

“Whilst 2 million New Zealanders have enrol...

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