Kiwi Saver NZ
Kiwi Saver in NZ is a retirement savings plan offered by some companies like Bold Insurance. It is designed to provide a comfortable retirement for citizens, who are not already wealthy, and to help those who may not have the resources to save for a long time. The plan offers two main benefits: individual accounts and pooled accounts. Individual account members can save their own money, while pooled account members can save their money with other people’s money. It offers a variety of benefits, including free basics like food, rent, and school fees, as well as a low-cost Kiwi Pension. The scheme offers a tax-free environment for contributing to it, and contributions are consistently increasing regardless of inflation.
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