The National Party has announced a package of KiwiSaver changes it would introduce if re-elected.
The reforms include compulsory KiwiSaver membership for all workers from 1 July 2028.
National leader Christopher Luxon said the changes would help New Zealanders build larger retirement savings and improve financial security.
Under the plan, all workers would be required to contribute to KiwiSaver or an equivalent savings scheme. Employees in alternative schemes, such as the Police Super Scheme, would be exempt. Employer and employee contribution rates would gradually increase to 6 percent each by 2032.
National also plans to automatically enrol every baby born in New Zealand into KiwiSaver. Each child would receive a $1,500 government contribution at birth.
The party would also provide KiwiSaver contributions for parents receiving paid parental leave, even if they are not making contributions themselves. The policy is scheduled to begin on 1 July 2027.
Another proposed change would require employers to continue making KiwiSaver contributions for workers aged over 65.
National estimates the package would cost $110 million in 2027/28, rising to $323 million the following year. Costs would increase to $342 million in 2029/30 and $361 million in 2030/31.
The party says the total cost of the reforms would exceed $1 billion over four years.
Oh yeah, compulsory stealing?
What do the sheeple not comprehend when govts wants to make shit compulsory?
Governments have stolen YOUR future earnings for the stuff they sold to you sheeple as nice-to-haves!
YOU stupid voter cattle sold basically YOUR own offspring to fund the nice-to-haves socialist BS ideas that YOU were voting for.
ALL parties in the beehive are making a living of YOUR dumbass voting decisions since decades. YOUR own offspring will be enslaved to debt-serve for decades to come.
How about we stop importing over 6000 people a year over the age of 50? That will free up our superannuation bill.
What about career Beneficiaries? I guess they get everything paid for by someone else’s hard work and end up in the room next to you at the retirement home only YOU pay for your room and they get theirs paid for.
Of course the F*****n baby boomers miss out on having to do the hard yards AGAIN an and get everything gifted to them. Most entitled smug generation ever.
As a side note Nicola what’s her face has taken the wegovy a little too far and is starting to look like Sharon Osbourne and her daughter. Skeletons covered in skin. 🤮
As a sole trader, I doubt I will end up having any mo eh to contribute to KiwiSaver which I don’t have. All it’s going to do is raise the cost of living AGAIN.
This is actually good. We did this for our kids when they were about two – $1000 is now about $3000 without touching it.
KiwiSaver is a hyper-inflated con job that allows the Banksters to use YOUR $ whilst blocking your access to it!
It is used to prop-up failing government Bankster ‘Institutions’ whilst the GRI will soon be ‘obsolete’ without any compensation paid to those over 65 who were taxed to fund the GRI.
Just another form of grabbing wages from the worker and net profit from the employers…
“The last thing that a government does before collapse is to loot the Treasury!”
—Michael Rivero of Whatreallyhappened.com
Besides…
https://www.youtube.com/watch?v=bqckMwXXg_k
This is just another form of TAXATION, being double-taxed on wages, earnings, etc. that have already been taxed.
I’LL STICK WITH THE NEW ZEALAND LOYAL PARTY’S PLAN OF THEIR 1% (that’s right…ONE PERCENT) tax which puts a stop to the parasitism in Parliament!
https://nzloyal.com/tax/
& legally speaking, Lex Luxon and his Merry Band of Uni-Party Parasites CANNOT LEGALLY IMPOSE MANDATORY KIWISAVER, AS THE G.R.I. IS ALREADY TAKING TAXES FOR RETIREMENTS!
https://nzloyal.com/resources/
Oh yeah, compulsory stealing?
What do the sheeple not comprehend when govts wants to make shit compulsory?
Governments have stolen YOUR future earnings for the stuff they sold to you, sheeple, since decades, as nice-to-haves!
YOU stupid voter cattle sold basically YOUR own offspring to fund the nice-to-haves socialist BS ideas that YOU were voting for.
ALL parties in the beehive are making a living of YOUR dumbass voting decisions since decades. YOUR own offspring will be enslaved to debt-serve for decades to come.
bit-o-thought b4 nekt tick in the election sheet?
They won’t be re elected National and labour are history they have destroyed this country.
Yeah at this stage I think a capital gains tax or even the Greens policy of taxing the Uber rich is starting to look good. This policy by National is about as smart as shooting oneself in the foot. JUST ANOTHER TAX. mandatory COMMUNISM.
I may as well just go on the dole. That’s looking like my best option since I can’t physically work full time any more. I am barely getting by as is let alone taking money from me for KiwiSaver. How they gonna do it? Steal directly from our bank accounts? What if we don’t sign up? Prison? UN F*****NG REAL. 😡😡😡
Seriously, so when grandma dies the kids get taxed. And what happens when the rich leave? You really should look more into communism and the outcomes.
YES THEY CAN AND WILL DO JUST THAT.
On the Thursday before Easter, I went to the supermarket to get food and checked my bank balance. IRD had wrongly emptied my bank account with absolutely no notice whatsoever and left me with 78c .It wasn’t even enough to buy a lollipop to suck on.
The uni-party always wins. The game is rigged.
No doubt the companies that are going to manage the additional KiwiSaver funds will be paying out dividend checks to the likes of the bald-headed minion, Lex Luxon and his parasitic parliamentarians!
They just have to get their financial advisors lined-up for such an event, but no one else will know about this!
This is the modus that the Trump Family has engaged in for years via the Zionist Banksters.
The Minion is nothing but a political tool…to be used by the Banksters as they dictate!
“The last thing any government does before it collapses is to loot the Treasury!” – Michael Rivero, (WRH.com)
The best investment is to buy a safe and get gold and silver. Solid and tangible. No dividends to anyone. No management fees. No clipping the ticket. Believe me it has increased more than anything else you can ;put your money into.
Except you are not allowed to go down this track with Kiwistealer. Because super funds need to just make money for the sake of making money, no value added. Yep, truly parasitic
And how will this be paid for? More taxes, of course and no doubt, a return to means tested pensions.
Bribing you with your own money.
A speciality of the fake democracy party political system.
A fraudulent slimy-skulled snake with soggy flabby corporate weasel skin, holding out his pink soft mushy hands that have never fkn lifted anything ever other than snot-nosed cups of sheltered office lattes – now eagerly grasping at your already obscenely over-taxed money with typical greasy greedy corrupt snake-agenda
People have lost employment, Companies have gone under. Vast numbers of people have left NZ to find employment. The birth rate is far below replacement.
Here my question. Wheres the money coming from? Over taxation , regulation, compliance is crippling this country. Back in the day, superannuation came from regular taxation. Now its a separate tax. People can’t risk getting into matrimonial without risking having their wealth being handed over.
The situation most people find themselves in is either critical, miserable or financially, destroyed.
Out with National. They want to destroy business and make people unemployed.
Out with Labour. They want to hunt you down and inject you and your kids with poison. They are genocidal criminals. They ordered the police to hide their identities and attack men women and children.
Out with the Greens. They destroyed our only oil refinery. Our independence. Pure insanity.
Out with the Maori party, cause they want special racist privilege.
In with NZ First and ACT because they want businees to be less regulated , create an environment where business and people get ahead.
In TOTALLY with the NEW ZEALAND LOYAL PARTY…which defies any and all ‘business as usual’ Uni-Party policies & plans.
With regards to the oil refinery, have you signed the current Parliamentary Petition online to re-open the same???
https://nzloyal.com/
Yet NZ first and ACT failed miserably as opposition parties for so many things.
The silence was deafening
I lived in Australia for years and there super is set at a much higher threshold. In fact I still have super in place over there. An economic argument is made there that is frees up people to spend in the local economy and still save. That said, its a different beast to what they are considering here and they have a stronger economy to start with, with more jobs and closer proximity to Asian markets. So do I support it here, well no. Its going to cost a fortune and we are already in massive debt. I see the old hippy Greens want CGT, a wealth tax (guess they didn’t see what happened in Norway) and what amounts to a death duty. Of course, their voter base I’m guessing, owns next to noting so hey, why not screw over the people who pay for them to do nothing to start with. Because that will do great things for the economy, right?
What would help is less economic sabotage in the form of tax breaks so people feel comfortable spending again and a total audit of government to ensure wasteful spending ends. But that’s in a world where we have responsible, rational, government.
Compulsory digital ID from birth.