Govt told to keep quiet on KiwiSaver kickstarter axing to avoid sign-up spike

Thu, 09 Jul 2015

By Suze Metherell July 9 (BusinessDesk) - The Treasury warned the New Zealand government not to announce the axing of the $1,000 kick-start KiwiSaver payment prior to Budget 2015 to avoid a spike of enrolments to the self-funding retirement and savings scheme. The National-led government scrapped the $1,000 incentive it paid to those who joined KiwiSaver in the May 21 Budget in a bid to boost value for money in the scheme. A report for Finance Minister Bill English in March advised the cancellation could be implemented by Inland Revenue D...

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