A new report reveals that the majority of New Zealand employers are contributing the minimum 3% towards their employees Kiwi Saver. 

The latest Value for Money Report by KiwiSaver watchdog, National Capital, shows the average contribution rate for all New Zealanders is 4.3%.

Director and KiwiSaver expert Clive Fernandes told Kate Hawkesby that based on the average contribution rate, retirement expenses, and inflation the contribution rate average should be 6.3% . 

He says the extra money saved now will take a lot more pressure off when it comes to retirement.

LISTEN ABOVE

A new report reveals that the majority of New Zealand employers are contributing the minimum 3% towards their employees Kiwi Saver.  
The latest Value for Money Report by KiwiSaver watchdog, National Capital, shows the average contribution rate for all New Zealanders is 4.3%. 
Director and KiwiSaver expert Clive Fernandes told Kate Hawkesby that based on the average contribution rate, retirement expenses, and inflation the contribution rate average should be 6.3% .  
He says the extra money saved now will take a lot more pressure off when it comes to retirement. 
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.