Money 2013: Quiet achiever ups the ante

By Paul McBeth In Money, Money 2013

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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 ...

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