Disappointing KiwiSaver changes in 2025 Budget

  • Changes to employer and employee contributions — and how to avoid them if you wish
  • Government contributions halved
  • No government money if you earn more than $180,000
  • Good news for 16 and 17-year-olds — tell them about it!
  • Assessment: Bad for self-employed and not employed, and employees pay for their own gains

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Mary Holm, ONZM, is a freelance journalist, a seminar presenter and a bestselling author on personal finance. She is a director of Financial Services Complaints Ltd (FSCL) and a former director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it. Send questions to [email protected] or click here. Letters should not exceed 200 words. We won’t publish your name. Please provide a (preferably daytime) phone number. Unfortunately, Mary cannot answer all questions, correspond directly with readers, or give financial advice.