Barbara Edmonds: Labour's Finance Spokesperson on the opposition's take on Budget 2025
Early Edition with Ryan Bridge · Newstalk ZB
May 22, 20255m 43s
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Show Notes
Labour's defending its claim the Government's Kiwisaver changes steal 66-thousand dollars from a young person's retirement savings.
The Government's halving its yearly contributions, and bringing in a cap at incomes of 180-thousand.
Default employer and employee contributions will also rise to four percent.
The party's finance spokesperson Barbara Edmonds told Ryan Bridge halving the Government's contribution will have a big impact.
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Topics
budget 2025barbara edmondsryan bridgeearly editionkiwisaverretirement fundsSuperannuation