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22 May 2025 13:20
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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

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     21 May: Te Pati Maori MPs are refusing to back down after debate into their suspension was postponed
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     20 May: The The Finance Minister's promising no nonsense - in Thursday's Budget
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