Kiwisaver - 5 Key Features of Changes

  • Additional KiwiSaver contribution rates of 6% and 10%
  • Maximum contribution holiday to be reduced to one year
  • Contributions holiday to be called “savings suspension”
  • Over 65-year olds to be allowed to opt in to KiwiSaver
  • Removing the lock in period, which currently affects members who join between the ages of 60 and 65. Applies from 1 July 2019. The other four bullet points apply from 1 April 2019. The lock in period is to be removed because the kickstart $1000 contribution has gone. Those who have joined KiwiSaver over the age of 60, will remain locked in.

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