A finance expert warns New Zealanders need reasons to pay in to KiwiSaver, if they're being told to contribute more.

National's made a pre-election pledge to progressively raise baseline worker and employer contributions by 2032 - to six percent each.

Koura Wealth managing director Rupert Carlyon says that's a nudge to contribute, but more's needed to turn it into a push. 

He says the US, Australia and Ireland use incentives. 

"These are all countries that use tax breaks, so tax deductions for contributions or tax deductions to allow you to kind of make your gains tax-free."

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A finance expert warns New Zealanders need reasons to pay in to KiwiSaver, if they're being told to contribute more.
National's made a pre-election pledge to progressively raise baseline worker and employer contributions by 2032 - to six percent each.
Koura Wealth managing director Rupert Carlyon says that's a nudge to contribute, but more's needed to turn it into a push.&nbsp;
He says the US, Australia and Ireland use incentives.&nbsp;
"These are all countries that use tax breaks, so tax deductions for contributions or tax deductions to allow you to kind of make your gains tax-free."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Rupert Carlyon: Koura Wealth managing director on National pledging to make changes to KiwiSaver contributions

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ccd6701d-6b3c-4b52-8869-b39f004f721d/transcript

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