Opinion

Job done: KiwiSaver at work

David Chaplin
Wed, 24 Nov 2021

The IRD estimates KiwiSaver will host about 3.37 million members by the end of June 2024, up from 3.12 million this year. (Image: Adobe Stock)

David Chaplin
Wed, 24 Nov 2021

New figures from the Inland Revenue Department suggest KiwiSaver has almost made employers redundant as suppliers of retirement savings services.The Inland Revenue Department annual scheme statistical report shows KiwiSaver now covers more than 3.1 million New Zealanders, or more than 60% of the country’s total population of 5.12 million as at the end of June this year.Annoyingly, the latest Statistics NZ population table does not provide a birth-to-18-year age cohort estimate, but with a bit of maths (averaging and whatnot) I finessed a...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News vie email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance

Businesses', banks' views on credit availability diverge

Jenny Ruth | Thu, 02 Dec 2021

Apparently, contradictory views among businesses and banks may all be correct.

Opinion

Lessons from the death of a startup founder

Peter Griffin | Thu, 02 Dec 2021

Jake Millar didn’t get the guidance and support he needed to avoid this outcome, the roots of which went much deeper than embarrassing media coverage.

Property

Winton delivers early Christmas present to NZX in $350m IPO

Paul McBeth | Wed, 01 Dec 2021

Macquarie will take a big piece of the action in Winton's Christmas initial public offering.

Job done: KiwiSaver at work

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team