KiwiSaver

 

PHOTO: 123RF Increasing your KiwiSaver contributions sounds great, but take a moment to think about the pros and cons of doing so.

OPINION: Should you lift your KiwiSaver contributions to 6 or even 10 per cent?

A change in the law means KiwiSavers can make contributions direct from their salaries at any one of the 3, 4, 6, 8 or 10 per cent rates, as well as making whatever voluntary contributions they want to.

ANZ surveyed just under 2100 people, and nearly 40 per cent of them said they planned to contribute more to KiwiSaver following the introduction of the new 6 and 10 per cent contribution rates introduced at the start of April.

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