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Key says $1000 grant immaterial over typical 45-year working period.
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New Zealanders who sign up to KiwiSaver will no longer get a $1000 "kick-start" payment.
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KiwiSaver providers are struggling to move savers out of the default funds despite a requirement by the Government to give people more information on their choices.
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Generate KiwiSaver announced last week that it could take over the bulk of AML/CFT reporting responsibilities for the KiwiSaver members advisers introduced to its schemes, provided the advisers met a number of criteria.
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KiwiSaver rule change will free up cash for thousands looking for a first home. Tens of thousands of first-home buyers stand to benefit from a KiwiSaver change coming into effect next month.
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interest.co.nz have released their comprehensive review of regular savings returns to March 31 2015 for aggressive KiwiSaver funds, identifying who has the best long term returns.
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Found: a big five hundy left lying on the table. Don't forget yours!
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KiwiSaver is generally the best way to save for a first home. After at least three years in the scheme, you can withdraw not only your savings but also employer contributions and - as of this past week - the Government's tax credits.
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Break from work for family reasons usually means a KiwiSaver pause but voluntary payments a good idea.
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David Boyle, general manager of investor education at Sorted.org.nz, says the onus is on KiwiSaver providers to explain how they invest your money.
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