KiwiSaver 'shouldn't be only scheme with perks'
She said it was currently a hard sell to promote managed funds, when it was KiwiSaver stacked with incentives.
Data from Milford shows that over the scheme's first 10 years, savers invested $17 billion of their own money but received another $10b in employer contributions, $8b government contributions and $11b of investment returns.
Having another tax-advantaged scheme would encourage saving and boost the local funds management industry, Thomas said.
She pointed to Britain’s PEPs and ISAs, which she said had helped to significantly boost retirement incomes as well as provide people with the means to save for other things, such as a house deposit.
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