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23 May 2025 16:19
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  •   Home > News > Politics

    The Finance Minister says the whole country will benefit from New Zealanders having more savings

    The Finance Minister says the whole country will benefit from New Zealanders having more savings


    Yesterday's Budget came with major changes to KiwiSaver -- the Government halving its yearly contribution to members' funds, with an eligibility cap on income above 180-thousand.

    Default employer and employee contributions are also rising from three to four percent.

    Nicola Willis says we need KiwiSaver to be sustainable.

    She says the Government was borrowing every singly dollar it put into members' savings accounts -- and we can't be a country that continues to borrow forever.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    National:
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    International:
    Marsh hits maiden IPL century as eliminated Lucknow Super Giants stun Gujarat Titans 16:07

    Entertainment:
    Kim Kardashian has "finally" graduated from law school 16:06

    Entertainment:
    Miley Cyrus has a "very large polyp" on her vocal cord but is "not willing" to have it removed in case it changes her voice 15:36

    Law and Order:
    Police are investigating reports of a driver pulling a knife at fellow motorists in Tauranga 15:27

    Entertainment:
    Kourtney Kardashian thinks the school system is "dated" 15:06

    National:
    Israelis have a skewed view on extent of Gaza’s hunger plight - driven by censorship and media that downplay humanitarian crisis 14:57

    Rugby:
    It's all come back to Black Ferns Seven star Risi Pouri-Lane after slotting into a 15-a-side jersey for the first time in five years 14:57

    National:
    KiwiSaver at a crossroads: budget another missed opportunity to fix NZ’s underperforming retirement scheme 14:47

    National:
    Head knocks and ultra-violence: viral games Run It Straight and Power Slap put sports safety back centuries 14:37


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