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Showing posts with label Saving for retirement. Show all posts
Showing posts with label Saving for retirement. Show all posts

Saturday, June 15, 2024

Francesca Rudkin: We need to be saving more


So it turns out we suck at saving for retirement.

We’re really good at ticking the box and signing up for KiwiSaver, go us! The Retirement Commission said yesterday that 90% of people getting paid a wage or salary have signed up to KiwiSaver, and around 80% of self-employed people have. However, when it comes to self-employed people – I wonder how many are just putting in the minimal amount of $521.33 to get the government’s contribution, and that’s it.