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Ryan Bridge: We need more of a heads up on Kiwisaver · Best of Business

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  Speaker 2: Here we say, I was thinking about this over the weekend.
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  Speaker 2: I get why. I get why the government is doing
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  Speaker 2: the old switcheroo. You know, I get it means tests
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  Speaker 2: the government sweetener, have it for everyone else, save yourself
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  Speaker 2: a bunch of money. Then we workers and our employers.
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  Speaker 2: We'll slowly put more into the scheme over the time,
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  Speaker 2: and you build up to that so that when it
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  Speaker 2: all comes out in the wash, we're at least no
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  Speaker 2: worse off than before budget day. All right, I get it,
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  Speaker 2: except that we will be worse off because it's us
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  Speaker 2: and our employers paying for it. Right, we pay more upfront,
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  Speaker 2: Our employers pay more upfront. That's added cost. Businesses recover
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  Speaker 2: cost by putting up prices which we end up paying,
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  Speaker 2: or by lowering costs like wages, which is how most
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  Speaker 2: of us make a living. Right, So the net effect
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  Speaker 2: is worse for us and for the government. Now again,
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  Speaker 2: I get why they need to slash spending. But the
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  Speaker 2: problem with tinkering with KEIW saver is this, for your
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  Speaker 2: average key, we working hard, saving planning, for retirement. That's
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  Speaker 2: what we're told to do. These changes throw all your
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  Speaker 2: calculations out of whack. You plan on a long term,
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  Speaker 2: predictable set of circumstances. When they're changed without warning and
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  Speaker 2: at random, it punishes the very people who are trying
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  Speaker 2: to do the right thing. We need more of a
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  Speaker 2: heads up on changes to KEI we Saver, thank you
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  Speaker 2: very much, and more importantly on NZ super. It's not
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  Speaker 2: a matter of if, but when. That also gets a
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  Speaker 2: means test, even if the when is post Winston Peters
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  Speaker 2: Nikola Willis says she's been giving this some thought. The
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  Speaker 2: future of superannuation I would like to know, and other
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  Speaker 2: hard working key we savers I'm sure would also like
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  Speaker 2: to know, sooner rather than later, what those thoughts are.
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