KiwiSaver

New contribution rates best serve more engaged KiwiSaver members

Monday 16th of September 2019

Since April, it has been possible to automatically contribute 6% and 10% of income to KiwiSaver, on top of 3%, 4% and 8%.

In the three months since, 6% of 1,000 people surveyed by ASB had chosen to make a change.

ASB head of KiwiSaver Aidan Vince said he expected that to continue.

But he said those who were shifting to the new rates were people who were already more enga...

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