{"id":132342,"date":"2025-11-13T04:17:11","date_gmt":"2025-11-13T04:17:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/132342\/"},"modified":"2025-11-13T04:17:11","modified_gmt":"2025-11-13T04:17:11","slug":"call-for-kids-kiwisaver-to-counter-nzs-weak-savings-record","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/132342\/","title":{"rendered":"Call for kids\u2019 KiwiSaver to counter NZ\u2019s weak savings record"},"content":{"rendered":"

\u201cI think the core of it would be to imitate the things that have made KiwiSaver itself successful as much as possible,\u201d he said.<\/p>\n

\u201cSo there\u2019d be a kickstart for parents to start saving, maybe $1000. Then you\u2019d have the government matching small amounts of parental savings.\u201d<\/p>\n

Rashbrooke said there could be government contributions for those that couldn\u2019t afford to contribute to ensure no one missed out.<\/p>\n

Six scenarios were modelled in the report with different levels of contributions from both the government and parents.<\/p>\n

The first-year cost to the government ranged between $20 million to $80m across scenarios.<\/p>\n

Rashbrooke said in 18 years the total savings could plausibly be somewhere around $10 billion to $13b in total.<\/p>\n

There have been various attempts to introduce similar schemes around the world.<\/p>\n

In the United States and Hungary there were \u201cbaby bonds\u201d, while the United Kingdom previously had \u201cchild trust funds<\/a>\u201d.<\/p>\n

Meanwhile, domestically, Ng\u0101i Tahu operates a matched savings scheme, Whai Rawa, which runs similarly to the proposed Kids KiwiSaver scheme.<\/p>\n

As of early 2025, Ng\u0101i Tahu\u2019s scheme has more than 35,000 members and $165m in funds under management.<\/p>\n

Ng\u0101i Tahu has contributed over $75m in matched savings, payments to newborns and annual distributions.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cI think the core of it would be to imitate the things that have made KiwiSaver itself successful…\n","protected":false},"author":2,"featured_media":132343,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,3043,13736,2082,1899,6964,111,139,69,3272,1974,4578,61,27037],"class_list":{"0":"post-132342","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-call","10":"tag-counter","11":"tag-for","12":"tag-kids","13":"tag-kiwisaver","14":"tag-new-zealand","15":"tag-newzealand","16":"tag-nz","17":"tag-nzs","18":"tag-record","19":"tag-savings","20":"tag-to","21":"tag-weak"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/132342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=132342"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/132342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/132343"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=132342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=132342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=132342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}