KiwiSaver: Building a Secure Future

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KiwiSaver: Building a Secure Future

Introduced in 2007, KiwiSaver is a long-term savings scheme that targets all New Zealanders, in order to provide the next generation of retirees with the guarantee of a secure retirement fund. It’s a three-tiered contributions system: You can pick the rate of savings (2%, 4% or 8% of your gross pay), and your employer will contribute a maximum 2% of your gross pay. To encourage your participation, the New Zealand government awards you $1,000 the moment you sign up to KiwiSaver…

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