Large uptake in KiwiSaver
Revenue Minister Peter Dunne announced today that more than 900,000 New Zealanders are enrolled in kiwisaver
“That’s a tremendous take-up rate for the scheme by any measure, and it’s particularly pleasing to note the very even spread across all age groups and both genders,” Mr Dunne said.
“With 46 per cent of KiwiSaver members under 35, it’s good for the country’s future to see younger people saving.”
Kiwisaver works for some people, and not for others. However one of the things that joiners are unaware of is that they can not unenrol from kiwisaver whilst still in that job. You can however take a “contribution holiday”.
It will be interesting to see how many poeple opt for this option in light of the tough economic conditions or how many people starting a new job will opt out.
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