Labour's defending its claim the Government's Kiwisaver changes steal 66-thousand dollars from a young person's retirement savings.

The Government's halving its yearly contributions, and bringing in a cap at incomes of 180-thousand.

Default employer and employee contributions will also rise to four percent.

The party's finance spokesperson Barbara Edmonds told Ryan Bridge halving the Government's contribution will have a big impact.

LISTEN ABOVE

Labour's defending its claim the Government's Kiwisaver changes steal 66-thousand dollars from a young person's retirement savings.
The Government's halving its yearly contributions, and bringing in a cap at incomes of 180-thousand.
Default employer and employee contributions will also rise to four percent.
The party's finance spokesperson Barbara Edmonds told Ryan Bridge halving the Government's contribution will have a big impact.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Barbara Edmonds: Labour's Finance Spokesperson on the opposition's take on Budget 2025

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0b4d9592-686b-415d-bc34-b2e5015d4909/transcript