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Explained: What's the new plan for KiwiSaver?

Author
Newstalk ZB,
Publish Date
Mon, 30 Mar 2026, 8:13pm
Photo / File
Photo / File

Explained: What's the new plan for KiwiSaver?

Author
Newstalk ZB,
Publish Date
Mon, 30 Mar 2026, 8:13pm

KiwiSaver is undergoing some reforms, and former Mercury head Fraser Whineray is hoping to make it more competitive with Australia. 

The new changes are set to kick in this week, with the default contribution rate for both employees and employers rising from 3 percent to 3.5 percent.

Whineray explained how these changes will benefit Kiwis in the long run.

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