Martin Hawes: Financial author on law that allows employers to contribute to KiwiSaver through employees' pay
If you’re in KiwiSaver, chances are part of the appeal of signing up is that you get a regular financial contribution to your retirement from your employer.
So it’s come as a bit of a shock that depending on your contract, that employer contribution may be coming out of your pay packet.
Current law allows this under a total remuneration clause in employment contracts, and Consumer NZ says this is a loophole and the Government should close this.
Financial author Martin Hawes joined Andrew Dickens.
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