Pledge to Raise KiwiSaver Contribution Rate

National Party vows to increase KiwiSaver contributions

Prime Minister and Botany MP Christopher Luxon. File photo supplied A National Government elected next year will ensure Kiwis are more financially secure in retirement by gradually increasing KiwiSaver contributions to match Australia’s 12 per cent rate, National leader and Botany MP Christopher Luxon says. “Financial security for retired people comes through home ownership and supplementing New Zealand Superannuation with long-term savings. “Ki…

KiwiSaver provider calls for increased contribution to be compulsory

National says if re-elected it will gradually increase the default contribution rates to 6 percent each by employers and employees.

National To Lift KiwiSaver Contributions

If elected next year, National will continue to increase default contribution rates by 0.5 per cent from 1 April 2029, rising by 0.5 per cent a year until 1 April 2032, to achieve a 6 per cent contribution each from employers and employees.

National pledge to boost KiwiSaver contribution rate

Finance Minister Nicola Willis and Prime Minister Christopher Luxon at the announcement today. Photo: RNZ By Giles Dexter of RNZ National is pledging to further increase the default KiwiSaver contribution rate if re-elected in the 2026 general election.

‘Building the future’: Luxon promises to lift KiwiSaver contributions

The National Party leader and PM says if elected again next year, they will bring in gradual increases to match Australia combined 12% by 2032.

National pledges to increase KiwiSaver default contribution rates to 12% by 2032

If reelected next year, PM Christopher Luxon says National will lift KiwiSaver contributions to 12% over 6 years to match Australia