New Zealand scheduled minimum contribution increases to its KiwiSaver superannuation program for 2026 and 2028 and extended eligibility for the program to 16-year-olds in its 2025 budget’s tax measures bill that received assent May 29.
The Taxation (Budget Measures) Act 2025 increases the minimum KiwiSaver contribution rate from 3% to 3.5% on April 1, 2026, and again to 4% on April 1, 2028. Starting April 1, 2026, employees may submit requests to the Inland Revenue Department to continue the 3% contribution rate for a period of at least 92 days and up to a year. The act requires the department ...
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