Tuesday, May 27, 2008

Call for changes to KiwiSaver



Rennie said the incentives meant people were being encouraged to save in one way when there were many ways people could save.

"People save in many different ways, not just by putting money in the bank.

"Yet it is now more rewarding for people to join KiwiSaver than it is to pay off debt or a mortgage, or to invest in business or an education.

I'm a fully signed up Kiwisaver because with the incentives you're foolish not too.  The goal of Kiwisaver is to increase 'new savings', but if the quote above is anything to go by it maybe just shuffling money from one form savings to another with a huge amount of government money involved.

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