KiwiSaver providers are hoping this is the year that politicians can work together on a better future for the retirement savings scheme. It is shaping up to be an election issue. National has promised to increase contribution rates to 6% for both employees and employers if it is returned to government. In his State of […]
Category Archives: KiwiSaver Articles
Should KiwiSaver be compulsory?
KiwiSaver providers are divided on whether it is appropriate for the scheme to be made compulsory. In November, NZ First said it wanted to make KiwiSaver compulsory, and to boost the contribution from employers and employees to 10%, with a tax break to offset it. But some providers said they were not convinced that compulsion […]
Kiwimonster offers advisers KiwiSaver insights
A new tool will give advisers more information to help them make KiwiSaver decisions with their clients. Quotemonster launched Kiwimonster Research in a beta phase in late December. It includes additional metrics on top of its previous free Kiwimonster comparison tool, including ranking funds on a five-year performance basis within their fund class, information on […]
Super alone won’t cut it in retirement
New expenditure guidelines show how much New Zealanders need in their KiwiSaver to retire comfortably. Kiwis who want the odd luxury in retirement need between $273,000 and $1.033 million on top of superannuation, according to the latest Retirement Expenditure Guidelines. For a more modest 'no frills' retirement, they would need between $118,000 and $181,000. Financial […]