The 20% question

The alleged NZ First 20% plan would amount to more than triple the existing contribution rate to KiwiSaver. (Image: Getty)

David Chaplin

Tue, 16 Sep 2025

Winston Peters hijacked the narrative again with a why-not-put-it-out-there plan to make KiwiSaver compulsory with unspecified tax breaks at a 10% contribution rate.Or possibly 20%.20%!It’s a bit confusing, but here’s what the NZ First leader said: “Both the employee and employer contributions will be increased to, in total, at first 8%, then later to 10%.”Something worth an exclamation point!All the headlines stuck with the Peters’ promise at a 10% contribution rate; however, if you stare long enough at the senten...

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