My kids don’t have kiwisaver accounts, and the reason is simple. There is very little benefit in paying into kiwisaver accounts for them when we could put that same money into a similar investment account under our name and then decide later what we want to do with it (hell, there’s virtually no benefit in paying extra into kiwisaver as an adult once you are paying the minimum to get the few coins Willis found under the couch cushions, you get the same benefits in a PIE fund without it being locked away).
This proposal actually gives incentive for people to contribute to kiwisaver instead of some other investment fund. I think that’s what’s missing in the current approach.
The money is going to go into the KiwiSaver account anyway,
What were you referring to by this? The kick start contribution was ended quite some time ago, were you referring to parent contributions?







NASA and SCUBA are two acronyms that show acronyms clearly don’t have to be pronounced like their source words as a rule.