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."

LISTEN ABOVE

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.&nbsp;
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."
LISTEN ABOVE

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. 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.

Best of Business

Sam Stubbs: Simplicity co-founder on Nicola Willis mulling over changing KiwiSaver contributions

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1e49dbc0-f17f-4996-bf29-b2a1016955e8/transcript