Self-employed people are opting out of KiwiSaver, putting their retirements at risk. 

A new report from the Retirement Commission and accounting firm Hnry's reveals only 44% of self-employed people actively contribute compared to 78% of employees.  

It shows 41% of self-employed workers don't get any government contribution.  

Hnry CEO James Fuller told Ryan Bridge when the Government halved KiwiSaver contributions in this year's Budget, many decided to put their money elsewhere. 

He says self-employed people have started putting their money into high-risk, short-term investments, meaning they won't have enough retirement savings. 

LISTEN ABOVE 

Self-employed people are opting out of KiwiSaver, putting their retirements at risk.&nbsp;
A new report from the Retirement Commission and accounting firm Hnry's reveals only 44% of self-employed people actively contribute compared to 78% of employees. &nbsp;
It shows 41% of self-employed workers don't get any government contribution. &nbsp;
Hnry CEO James Fuller told Ryan Bridge when the Government halved KiwiSaver contributions in this year's Budget, many decided to put their money elsewhere.&nbsp;
He says self-employed people have started putting their money into high-risk, short-term investments, meaning they won't have enough retirement savings.&nbsp;
LISTEN ABOVE&nbsp;

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

James Fuller: Hnry CEO on the number of self-employed people opting out of KiwiSaver

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/649f4def-6336-4f0b-81df-b3440178e7bf/transcript