A warning Kiwisaver will still only remain a foundation not a complete retirement plan, despite promised boosts.

National announced yesterday it will make the scheme compulsory - giving every new-born a $1500 boost, if re-elected in November. 

It's also promising to raise minimum contributions, make employers contribute for staff over 65, and for staff on paid parental leave. 

Generate Investment Specialist Greg Smith told Mike Hosking that long-term outcomes will be driven by decades of regular contributions.

He says Massey University research shows an average metropolitan couple needs around one million dollars for a comfortable retirement.

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A warning Kiwisaver will still only remain a foundation not a complete retirement plan, despite promised boosts.
National announced yesterday it will make the scheme compulsory - giving every new-born a $1500 boost, if re-elected in November.&nbsp;
It's also promising to raise minimum contributions, make employers contribute for staff over 65, and for staff on paid parental leave.&nbsp;
Generate Investment Specialist Greg Smith told Mike Hosking that long-term outcomes will be driven by decades of regular contributions.
He says Massey University research shows an average metropolitan couple needs around one million dollars for a comfortable retirement.
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Greg Smith: Generate Investment Specialist says Kiwisaver boosts won't make a full retirement plan

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5f84371e-6923-4497-bab1-b470013d1b1e/transcript