Median KiwiSaver balances rose 62% over three years

Tue, 12 Mar 2019

By Jenny Ruth March 12 (BusinessDesk) - The median value of KiwiSaver nest eggs grew to $13,000 at June 30 last year, up 62 percent or $5,000 from three years earlier, Stats NZ says. The growth reflects employee, employer and government contributions as well as any investment gains. “KiwiSaver is still a relatively young superannuation scheme and median values should continue to rise as the scheme matures,” the government statistician says. Unsurprisingly, those aged 15-24 had the smallest KiwiSaver accounts and are the only age gro...

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