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'Encouraging': Simplicity voices support as Willis mulls changing KiwiSaver contributions

Author
Newstalk ZB,
Publish Date
Sun, 16 Mar 2025, 10:55am
Finance Minister Nicola Willis. Photo / Mark Mitchell
Finance Minister Nicola Willis. Photo / Mark Mitchell

'Encouraging': Simplicity voices support as Willis mulls changing KiwiSaver contributions

Author
Newstalk ZB,
Publish Date
Sun, 16 Mar 2025, 10:55am

The default Kiwisaver contribution rate could be due for a shakeup.

Finance Minister Nicola Willis is looking at upping the amount employees and employers contribute to their KiwiSaver accounts.

With an ever-increasing aging population, Willis explained she wants to ensure more Kiwis are financially secure in retirement. 

Simplicity co-founder Sam Stubbs has voiced support with these proposed changes.

"It's a recognition of the fact that we just have to save more for our retirement - because unless we do, national superannuation and the cost of health will eat up our current tax base."

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