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KiwiSaver gender gap: Why do women contribute less per year than men?

Author
Newstalk ZB,
Publish Date
Wed, 3 Apr 2024, 6:45pm
Photo / NZ Herald
Photo / NZ Herald

KiwiSaver gender gap: Why do women contribute less per year than men?

Author
Newstalk ZB,
Publish Date
Wed, 3 Apr 2024, 6:45pm

According to new research, there's a significant gap between the KiwiSaver contributions of men and women.

Te Ara Ahunga Ora The Retirement Commission has released a report revealing that women contribute 36 percent less on average yearly than men.

Commission policy lead Dr Michelle Reyers says women are more likely to stop working to fulfil care-based responsibilities- or work in part-time roles.

"What we saw from this research is that women and men are actually contributing exactly the same percentage of their salaries- but when we look at the dollar value, that's where that big gap is coming from."

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