The government is proposing further changes to super schemes in line with its aim of encouraging greater savings, Finance Minister Michael Cullen, Commerce Minister Lianne Dalziel, State Services Minister Annette King and Revenue Minister Peter Dunne announced today. “The amendments we propose will give those in super schemes that comply with KiwiSaver rules more protection […]

KiwiSaver will increase our household savings

KiwiSaver will increase our household savings, which have fallen to critically low levels. Excerpt from Dr Michael Cullen’s speech notes for address to EMA Northern CEO Breakfast If we save more, we consume less. Saving builds the wealth of New Zealanders and helps build the pool of assets needed for business investment. Ask Australians. I […]

Aussie mutual into KiwiSaver

Australian mutual, eo, has established a New Zealand arm and already registered a KiwiSaver scheme.Eo financial services New Zealand chief executive Kevin Beasley says Eosaver is already the employer-chosen KiwiSaver scheme for many employees of recruitment and employment services companies in New Zealand. He says eo is building on a foundation of more than 10 […]

Don’t Dismantle KiwiSaver To Pay For Tax Cuts For High Income Earners — “KiwiSaver is good news for many workers, and the government and employer contributions shouldn’t be scrapped to help National pay for tax cuts that deliver the biggest benefits to those on high incomes,” CTU secretary Carol Beaumont said yesterday. “The main income […]