KiwiSaver
Sub-optimal contributions all round
Monday 28th of August 2023
This compares to Australia where the employer contribution is guaranteed at 11%.
Meanwhile, on the employee side, the average contribution rate for the 12 months from June 2022 to 2023, was 4.3% according to the report - significantly lower than National Capital’s optimal index of 6.3%.
This doesn't bode well for the retirement prospects of New Zealanders, says the rep...
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