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Shamubeel Eaqub: Simplicity Chief Economist on Kiwisaver changes in Budget 2025

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Manage episode 484228275 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Kiwisaver changes in this year's budget are expected to have long term benefits, but it might be a tough road for some to get there.

While the Government's halving its contribution, its also gradually increasing the default rate from 3 to 4 percent.

Analysis from the Retirement Commission says the vast majority of salary and wage earners will eventually have higher retirement savings.

Simplicity Chief Economist Shamubeel Eaqub told Ryan Bridge these long term benefits will come with short term pain.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

3978 episodes

Artwork
iconShare
 
Manage episode 484228275 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Kiwisaver changes in this year's budget are expected to have long term benefits, but it might be a tough road for some to get there.

While the Government's halving its contribution, its also gradually increasing the default rate from 3 to 4 percent.

Analysis from the Retirement Commission says the vast majority of salary and wage earners will eventually have higher retirement savings.

Simplicity Chief Economist Shamubeel Eaqub told Ryan Bridge these long term benefits will come with short term pain.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

3978 episodes

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