Is Kiwisaver Plan Noble but Flawed?
a month ago

Is Kiwisaver Plan Noble but Flawed?

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Saving before spending is great in principle, but it doesn't work for everyone.

The Salvation Army's Dr Bonnie Robinson told Andrew Urquhart that making Kiwisaver compulsory is a noble idea to ensure workers plan for their futures. However, the Social Policy Unit Director is concerned about the impact on low-wage earners, who may not be able to afford living essentials if 6% of their income is mandated into a retirement fund.

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