Your online guide to KiwiSaver, the Government superannuation scheme
Research by Auckland University of Technology for the Retirement Commission points to the gender pay gap as the main cause for women contributing less. AUT used Stats NZ’s new integrated data infrastructure (IDI), which covers KiwiSaver contribution rates from April 2019, for its analysis. The Retirement Commission says the new research complements a 2022 study …
Continue reading “Gender pay gap and not contribution rates disadvantage women on KiwiSaver”
Minister of Commerce and Consumer Affairs Andrew Bayly says he wants to focus on capital markets and KiwiSaver providers have a part to play. “The thing about KiwiSaver and capital markets in general is how do we get more capital coming into businesses, how do we make sure financing around debt is appropriate?” He wants …
Continue reading “Bayly will talk to coalition partners before any change to KiwiSaver”
Simplicity’s latest private equity investment is an 18.8% share in the parent company of two tax technology companies, Tax Traders and its startup business Taxi. The investment will primarily be used to develop Taxi, a new company offering access to working capital for businesses, backed by their provisional tax payments. Tax Traders, which started in …
Continue reading “Simplicity takes stake in tax tech company”
Most Kiwis, bar Millennials, think regular KiwiSaver contributions should be compulsory, a survey has found. When Auckland financial advice firm National Capital canvassed New Zealanders on whether they felt KiwiSaver contributions should be compulsory, nearly two thirds, 62%, of the 672 respondents said, yes. Those closer to retirement age were the most likely to answer …
Continue reading “Kiwis, depending on their age group, generally want compulsory KiwiSaver”