Interesting news from the Budget yesterday - the $1000 KiwiSaver ‘kick-start’ payment (in place since 2007) has been removed. This means that people who enrol for KiwiSaver going forward will not receive the kick-start payment.
Anyone who is already enroled will not be affected, including those recently joined members who have not yet received their payment (it can take around 90 days for Inland Revenue to make the payment after someone first enrols).
Do you think this will impact on sign-up rates for KiwiSaver? Keen to hear your thoughts!