A small contribution to boost KiwiSaver returns

Retirement commissioner Jane Wrightson - KiwiSaver top-ups during parental a step in the right direction (Image: Supplied)

David Chaplin

Wed, 24 May 2023

Just like the recent budget, KiwiSaver is a low-frills affair.The soft-compulsion retirement savings system now runs on half a bell and zero whistles following successive National government cuts some years back that strip-mined subsidies.Under then kill-joy finance minister Bill English, National cleaned out most of the tax-funded KiwiSaver support mechanisms with Marie Kondo-style ruthlessness: the $1,000 “kickstart” payment, booted; the $1,040-odd annual “member tax credit” folded in half; and, sneakiest of all, tax-f...

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