The Difference of NZ and Australia Retirement Systems?
What Are The Differences of NZ & Aussie Retirement Systems? New Zealand’s retirement system involves a voluntary savings scheme (KiwiSaver) with auto-enrolment. Introduced in 2007. Employers are required to match employees’ KiwiSaver contributions to a cap of 3%. Approximately 1 in 10 employers contribute at a higher rate. Besides the voluntary savings system, New Zealand has a universal public