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22 May 2025 14:23
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      Home > News > Politics

    The Government's been teasing changes to the Kiwisaver scheme, with more to be revealed today

    The Government's been teasing changes to the Kiwisaver scheme, with more to be revealed today


    Finance Minister Nicola Willis is hours away from unveiling her 'No BS Budget', claiming there'll be no frills or excess.

    Its expected to increase Kiwisaver's default contribution rate from the current 3-percent, as well as means-testing its own annual contribution, up to 521-dollars.

    Business NZ CEO Katherine Rich says they'll be keeping a close eye on things.

    She says it depends on how it's phased in over time, so businesses can factor it in to wage negotiations and salaries.

    © 2025 Newstalk ZB, NZCity

     Other Politics News
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     21 May: Fears communities will be missing out on critical sexual violence prevention services
     21 May: Te Pati Maori MPs are refusing to back down after debate into their suspension was postponed
     20 May: The Government's making a promise to keep on top of rail maintenance
     20 May: The The Finance Minister's promising no nonsense - in Thursday's Budget
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