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23 May 2025 10:14
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      Home > News > Politics

    A Kiwisaver expert is hailing changes to the scheme made in this year's budget

    A Kiwisaver expert is hailing changes to the scheme made in this year's budget


    16 and 17-year-olds will now be eligible for Government and employer contributions.

    The default rate will gradually increase from 3 to 4 percent.

    Kiwisaver expert Jonathan Eriksen says getting people to start younger will bring benefits.

    He says it will teach young people to save earlier.

    © 2025 Newstalk ZB, NZCity

     Other Politics News
     23 May: The future of the Government's school lunch programme is foggy
     23 May: A boost for Nelson Hospital is the Government's largest ever investment in the city
     22 May: The Prime Minister says support for working families builds on tax cuts last year
     22 May: Exiled Labor MP Jimmy Sullivan tears up, raises voice in emotional state parliament address
     22 May: NZ Budget 2025: tax cuts and reduced revenues mean the government is banking on business growth
     22 May: Centre pieces of today's Budget include KiwiSaver changes - and a new business tax incentive
     22 May: The Government's been teasing changes to the Kiwisaver scheme, with more to be revealed today
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