{"id":148801,"date":"2025-11-22T23:25:07","date_gmt":"2025-11-22T23:25:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/148801\/"},"modified":"2025-11-22T23:25:07","modified_gmt":"2025-11-22T23:25:07","slug":"election-2026-national-promises-to-lift-default-kiwisaver-contribution-to-12","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/148801\/","title":{"rendered":"Election 2026: National promises to lift default KiwiSaver contribution to 12%"},"content":{"rendered":"<p class=\"wzdDHKkU\" style=\"display:none\">The change would be phased in, going up 0.5 percentage points a year a year from 2029.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">\u201cIf you\u2019re a New Zealander who does the right thing by working hard and saving for the future, you deserve to get ahead. National backs you every step of the way,\u201d Luxon said. <\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">Employer contributions would also go up. As the Government is the largest employer in the country, it would be on the hook for an additional $90 million a year for each gradual increase in contribution rates. <\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">National says departments would need to find this money from their existing baselines, which would put further pressure on public service funding. <\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">The party said some funding for the cost pressures would be \u201cmet from future Budget allowances if required\u201d.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">People will still be able to opt-out of KiwiSaver if they choose, or to contribute at a lower rate if they wish. The bottom 3% rate will remain, if people choose it. <\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">More to come&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"The change would be phased in, going up 0.5 percentage points a year a year from 2029. \u201cIf&hellip;\n","protected":false},"author":2,"featured_media":148802,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[17525,2246,16426,8611,15158,5903,1888,42,6964,13489,8461,16427,1362,3556,43,7234,10010,30503,7676,61,40,38,41,39],"class_list":["post-148801","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-17525","tag-2246","tag-christopher","tag-contribution","tag-default","tag-election","tag-first","tag-headlines","tag-kiwisaver","tag-leader","tag-lift","tag-luxon","tag-made","tag-national","tag-news","tag-partys","tag-promise","tag-promises","tag-rates","tag-to","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/148801","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=148801"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/148801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/148802"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=148801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=148801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=148801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}