Strong support for compulsory KiwiSaver
A Horizon Research poll of 3,177 adult New Zealanders commissioned by the FSC found that 74% think New Zealand should, over time, introduce a retirement savings scheme in which contributions by both employees and employers are compulsory. Only 16% oppose.
A similar number, 72%, support the FSC suggestion of increasing savings contributions to reach 10% a year (5% from employees, 5% from employers).
In terms of how compulsory contributions might be phased in, 52% support the idea of contributions being made of 0.5% each year by the employee and employer over 10 years, until the total each year reaches 10% of an employee's income.
Asked if making KiwiSaver compulsory or voluntary is the best option for New Zealand, regardless of their personal point of view, 63.7% favour compulsion, 26.7% favour voluntary, while 9.6% don't know.
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