Remark: Each few months a recent comparability between KiwiSaver and Australia’s obligatory superannuation scheme, Australian Tremendous, beneficial properties traction. It’s typically accompanied by the declare that New Zealanders are lacking out – greater balances should imply a greater system, proper?
The comparability normally focuses on one quantity: contribution charges. Australia’s obligatory superannuation sits at 12 p.c, whereas KiwiSaver default contributions, up till April 2026, whole simply 6 p.c (3 p.c worker, 3 p.c employer), steadily growing to eight p.c by 2028.
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