From 1 April employees will be able to change their contribution to the scheme from 4% of their gross pay to 2%, while the compulsory employer contribution will increase from 1% to 2%.
“The new information is on the site early to give employers time to assess what the changes mean for them and their staff,” Retirement Commissioner Diana Crossan says.
“By using Sorted’s KiwiSaver calculators people can work out how a change in their contribution would affect their retirement savings and decide what’s best for them.”
Employers can also download two free KiwiSaver seminars and material needed to run them. The seminars are designed to help staff understand the savings scheme and decide if it’s right for them.
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