Less hot air
OPINION: Farmers won't get any credit for this from the daily media, so Milking It is giving the bouquets where they’re due.
KiwiSaver providers are hoping that National will change its mind about making small changes to the scheme and instead conduct a full-scale review, including requiring members to contribute larger amounts.
During the election campaign, National proposed allowing young people to tap into their KiwiSaver savings to pay for a rental bond, and allowing members to have accounts with more than one provider.
But KiwiSaver providers said it was not clear that these were problems that New Zealanders wanted solved – and people who wanted to could already spread their savings by using platforms such as InvestNow.
But farming groups point out that young farmers dream of retiring with their savings in a farm and it makes sense for them to be able to use KiwiSaver to buy their first farm.
