National's Kiwisaver promise could help address a gender savings gap.

The party is committing to raise minimum contributions and make employers contribute for staff over 65,  if re-elected in November.

It would also make Kiwisaver compulsory - promising a $1500 boost for every newborn. 

Milford Asset Management's General Manager of KiwiSaver, Murray Harris told Mike Hosking that staff on paid parental leave will also get contributions.

He says on average female balances are 25% lower than male, because they usually raise the children and miss out on contributions.

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National's Kiwisaver promise could help address a gender savings gap.
The party is committing to raise minimum contributions and make employers contribute for staff over 65, &nbsp;if re-elected in November.
It would also make Kiwisaver compulsory - promising a $1500 boost for every newborn.&nbsp;
Milford Asset Management's General Manager of KiwiSaver, Murray Harris told Mike Hosking that staff on paid parental leave will also get contributions.
He says on average female balances are 25% lower than male, because they usually raise the children and miss out on contributions.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Murray Harris: Milford Asset Management's General Manager on National's Kiwisaver boost promise

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c83b2454-7f3c-4351-92ae-b4700146b951/transcript