Sunday, December 26, 2010

KiwiSaver

KiwiSaver is a New Zealand government sponsored retirement savings scheme designed to encourage people to save for retirement. Members of KiwiSaver make a predefined contribution percentage from their salary & wages, as well as receiving a certain portion of contributions by their employer and tax credits from the government up to a certain amount. As with all government sponsored retirement savings schemes it is worth looking into the benefits on offer as most are structured to strongly favor the investor e.g. via subsidies and government contributions, as well as mandated employer contributions.

Synonyms: Retirement savings scheme
 
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