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KiwiSaver News

Kiwisaver

The staggering amount of money 703k Kiwis are missing out on by making this financial mistake

The cost-of-living crisis saw a decrease in KiwiSaver contributions last year.

Kiwisaver

KiwiSaver funds moving away from harmful investments

Analysis by the charity showed investment in harmful products fell by about $800 million in the six months ended September 2023, to $7.9 billion.

Money

Record number of KiwiSaver withdrawals due to financial hardship

The number of financial hardship withdrawals is trending upwards month-on-month.

Cost Of Living

'People up at night worrying': Alarming figures show steep rise in people withdrawing KiwiSaver savings

"People are seeing it as an easy way out, it's just kicking the can down the road and the problem is going to be there in another 13 weeks."

Money

Majority of women aren't financially prepared for retirement – new research

It found 69 percent of women do not feel financially prepared for retirement.

Money

Economist predicts high number of Kiwisaver withdrawals will persist next year

"The fact that these numbers have been increasing does suggest there is real stress out there for some households."

Kiwisaver

Early KiwiSaver withdrawals double as financial struggles surge

The amount of money withdrawn due to financial hardship has doubled compared to last year.

Kiwisaver

People's KiwiSaver choices could cost them a Mercedes Benz

New data has revealed the top and worst performing KiwiSaver funds.

Cost Of Living

Israel-Hamas conflict 'not great news' for Kiwis at pump, KiwiSaver could see some 'ups and downs' - expert

It comes after oil prices rose by around $4 a barrel, or about 5 percent on the first day of the conflict.

Cost Of Living

The three simple mistakes that could be costing in the cost of living crisis

Business Desk’s editor gives three simple tips that require minimal effort to save money.

Money

The KiwiSaver fund that profited almost 60 pct in 12 months

But it's not for every investor - here's why.

Kiwisaver

The astonishing amount Kiwis are missing out on at retirement by making this KiwiSaver mistake

There is a simple fix.

Election 2023

National vows major change to KiwiSaver, rollback of credit rules

National is promising to allow KiwiSavers to invest in more than one provider if elected.

Election 2023

'Commonsense' or 'financially irresponsible'?: Experts react to National's KiwiSaver policy to cover rental bonds

Experts have weighed in on the new policy.

Kiwisaver

Higher KiwiSaver contributions needed to fund retirements - report

"Unfortunately, if we don't save now, our future selves will find it even more difficult."

Kiwisaver

'A no-brainer': KiwiSaver contribution sharing suggested to bridge gender gap savings

Under the proposal, couples could agree to split a mutually agreed amount of either partner's KiwiSaver contribution on a yearly basis for a specific period.

Cost Of Living

Fiscal fiascos: New revelations on cost of living payment, scrapped KiwiSaver tax

Here's what we now know.

Tax

KiwiSaver tax: Officials suggested sweeteners to soften blow of GST costs, ministry had concerns about changes

One government ministry even recommended against it the plan.

Kiwisaver

'She will die': Doctor calls for changes to KiwiSaver after patients' attempts to use funds for life-saving surgery denied

A Newshub investigation has revealed inconsistencies in who can access money for medical conditions.

Tax

Let's do this again: Govt reintroduces tax Bill - but without KiwiSaver fee tax changes

The backlash to the proposal led to a backdown.

Kiwisaver

PM concedes Govt should have been more transparent over scrapped KiwiSaver tax changes

The proposal was scrapped after a brutal uproar from opposition parties, Kiwis and industry leaders.

Tax

'Don't talk about what happens within Cabinet': Senior minister won't say if any Labour MPs rejected KiwiSaver GST plan

"We back the decisions that we made."

Kiwisaver

'Pretty major shift': Govt accused of undermining confidence in KiwiSaver following tax U-turn

"The biggest concern we have is the erosion of confidence that will now occur for millions of Kiwis."

Kiwisaver

'What on earth was that?': Bridge accuses Govt of being 'incompetent' or 'conniving' over KiwiSaver fee tax debacle

Labour dropped plans to charge GST on KiwiSaver fees after an immediate backlash.

Parliament

Davidson hits back at National's claims she's spending more time on social media than doing her job

"It's funny because I know Mr Bishop actually loves social media also, so it's quite interesting that he wants to have a go."

Tax

'Sneaky', 'incompetent': Political commentators hit out at Govt over KiwiSaver U-turn

"Whichever way you look at it; either they're sneaky, either they're incompetent or they're shivering, looking for a spine to run up and don't have the courage to fight for something they believe in."

Tax

National euphoric over Govt's KiwiSaver tax backdown, claims Govt 'desperate to hang on to power'

David Parker admits it's a bit embarrassing.

Money

Govt announces major U-turn on KiwiSaver GST plan following heavy criticism

The plan received widespread backlash.

Money

'A sledgehammer': Govt's planned GST charge on KiwiSaver 'a brand new tax' - expert

That's despite the Government promising no new taxes before being re-elected.

Kiwisaver

Govt's plan to charge GST on KiwiSaver fees 'a wealth tax' - fund manager

"This is going to be a pretty significant change."