KiwiSaver sector slams National proposal
National leader Judith Collins revealed the plan on Wednesday.
The scheme would give people a $1,000 voucher to get advice from a chartered accountant or “registered financial adviser” to talk about their ideas, put together a viable business plan and set up on a system such as Xero.
At that point they would then be eligible to withdraw up to $20,000 from their KiwiSaver account to get the business off the ground.
Milford Asset Management’s head of wealth management Murray Harris said part of the reason KiwiSaver had been so successful was that it was disciplined and clearly intended for retirement savings.
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