KiwiSaver contribution rates to increase as government cuts funding

Friday 23 May 2025 · 3 outlets · 3 reports · updated Fri 23 May 2025, 5:00am

In this story Nicola Willis

The government will increase default employee and employer KiwiSaver contribution rates from 3% to 4% by April 2028. Simultaneously, annual government contributions will be halved, a move expected to save $2.46 billion over four years. Advocates and providers warn these changes may disproportionately affect women and low-income workers.

How they headlined it

4:30am

1. Otago Daily TimesFri 23 May 2025, 4:30am

   ‘Grave concerns’ changes will put people off saving (opens in new tab)

2. NZ HeraldFri 23 May 2025, 5:00am

   Budget 2025: Nicola Willis’ blunt message is the first of many tough choices - Editorial (opens in new tab)

3. NewsroomFri 23 May 2025, 5:00am

   Providers say KiwiSaver ‘switcheroo’ will hit low-income workers and women hardest (opens in new tab)