AMP is calling for the one million New Zealanders who have stopped contributing to KiwiSaver on a regular basis to consider reinstating regular contributions in order to save for their retirement.
Therese Singleton, general manager of investments and insurance at AMP, says: “More than one million KiwiSaver members across New Zealand have not made a single contribution towards their KiwiSaver account in the last two months. This could have a significant impact on their final retirement income when we know as little as $5 a week could mean around $30,000 upon retirement.
“We know for many individuals they may be on parental leave, are self-employed and haven’t gotten round to making a contribution yet or are struggling financially so the burden to save even a small amount seems insurmountable, however, a little now really can make a difference in the long run...MORE»
Monday, September 28th, 6:00AM
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