Martin Hawes: Financial author on law that allows employers to contribute to KiwiSaver through employees' pay

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Recorded07 Apr 2022

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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.LISTEN ABOVESee omnystudio.com/listener for privacy information.

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