Money 2013: Quiet achiever ups the ante

By Paul McBeth In Money, Money 2013

Print Share
28th February, 2013
Another year, another round of changes for the government-sponsored KiwiSaver savings scheme, with increased employer and employee contributions kicking in from next month. Almost everyone’s KiwiSaver account is going to be a little more flush with funds as workers and bosses each up their minimum contributions from the current 2% of gross salary to 3%. Although the Government halved the tax credit on KiwiSaver contributions in the 2012 Budget, it still offers the $1000 kick-start and an annual contribution of up to $521.43. That alone is worth about $25,500 if you sign up at 18 and ...

Get full access to Listener.co.nz

Subscribers can read the full version of this story.

You can subscribe and get full online access for as little as $5 per week.

Enjoy the high-quality, in-depth journalism of the Listener magazine with convenient online access. This includes access to thousands of archived articles and up-to-date TV and entertainment listings.

Our great content is available online even before it hits the shelves, and includes more focus on breaking news. With our responsive design you get a great reader experience whether you read from your home computer, tablet, or even smartphone.

Already a subscriber? Just to read full version of this story.

Already an existing print subscriber? As part of your magazine subscription you are entitled to receive full access to the New Zealand Listener Online content. Click here for instructions on how to redeem your digital access.

Or you can subscribe now to get unlimited access to listener.co.nz.

Switch to our mobile site