National's KiwiSaver contribution increase plan

The story so far

A KiwiSaver provider welcomed the plan, which would lift total contributions to 12% by 2032.^{24 Nov 2025} The provider warned that employers might avoid the increase by moving staff to total remuneration packages, and called for the change to be made compulsory.^{24 Nov 2025} Luxon was expected to speak in Auckland about the proposal, which the party treats as a key election priority.^{24 Nov 2025} ACT leader David Seymour has raised concerns about the policy's potential impacts on wages and investment.^{24 Nov 2025}

Latest

Luxon was expected to address the proposal in Auckland, and ACT leader David Seymour has publicly raised concerns about wages and investment.^{24 Nov 2025}

What's next

Luxon was expected to speak in Auckland on the proposal.^{24 Nov 2025}

Key moments

1. 23 Nov 2025National announces plan to raise default KiwiSaver contributions to 6% each.
2. 24 Nov 2025KiwiSaver provider welcomes 12% total target but warns of loophole.
3. 24 Nov 2025Provider calls for compulsory change to stop remuneration package workarounds.
4. 24 Nov 2025Luxon expected to address the proposal in Auckland.
5. 24 Nov 2025ACT leader David Seymour raises concerns about wages and investment.

Written from the stories below; each sentence links to its sources.