An increase in default KiwiSaver contribution rates announced in Thursday's Budget could leave some households better off for retirement - but experts warn not everyone will benefit.

The Government will halve the member tax credit available to people who contribute at least $1042 in a year to $260.72.

Fisher Funds expert Sam Dickie explains further.

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The Prime Minister's keen to raise the retirement age -- but it's not possible in coalition with New Zealand First.

The Government is halving its KiwiSaver contribution rate -- and canning if people earning more than 180-thousand dollars.

The default rate of worker and business contributions to KiwiSaver will rise over time.

Chris Luxon told Kerre Woodham pushing out the retirement age to 67 makes sense.

He says Labour doesn't think it’s a good idea, and New Zealand First does not want to move that forward.

Luxon also spoke about the cuts the government made to make funding available elsewhere.

Budget 2025 includes 21 billion dollars of cost-savings - 13 billion of that from the controversial change to pay equity law - raising claim thresholds.

Prime Minister Chris Luxon told Kerre Woodham these are difficult choices, but there's no way they could afford that.

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

See omnystudio.com/listener for privacy information.

[VIDEO EPISODE ON YOUTUBE & SPOTIFY] Tourism Holdings rushed hundreds of camper vans across the Canadian border to dodge reciprocal tariffs. But it’s now battling another issue – a decline in US tourism.

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

See omnystudio.com/listener for privacy information.