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KiwiSaver Battle: National vs Labour | Auckland News
The next election’s biggest financial showdown? KiwiSaver. National wants everyone—employees and employers—to chip in 6% by 2032, even auto-enrolling newborns with $1,500 starter funds. Labour prefers employer-only mandates, letting individuals pause or cut their own contributions. Both agree on mandatory employer payments for retirees over 65, but National adds parental leave support for non-contributors while Labour keeps employer contributions flowing during leave. Crunch the numbers: a 25-year-old earning $60k could hit $1.2M under National, $1M under Labour—but you’d pay more out of…
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