An increase in default KiwiSaver contribution rates announced in Thursday's Budget could leave some households better off for retirement - but experts warn not everyone will benefit.

The Government will halve the member tax credit available to people who contribute at least $1042 in a year to $260.72.

Fisher Funds expert Sam Dickie explains further. 

LISTEN ABOVE

An increase in default KiwiSaver contribution rates announced in Thursday's Budget could leave some households better off for retirement - but experts warn not everyone will benefit.
The Government will halve the member tax credit available to people who contribute at least $1042 in a year to $260.72.
Fisher Funds expert Sam Dickie explains further.&nbsp;
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

Sam Dickie: Fisher Funds expert on the KiwiSaver changes included in Budget 2025

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c52c95d9-0524-4ada-8dc1-b2e50087526d/transcript