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2009 media releases

Stay informed about KiwiSaver changes
2 February 2009

People joining KiwiSaver should make sure they are fully informed about the changes coming into effect from 1 April 2009.

The changes, which affect both employers and employees, include dropping the minimum employee contribution to 2% of the employee's salary or wage, and capping compulsory employer contributions at 2%.

Those planning to enrol, and those automatically enrolled by their employer, should be aware of the latest rules before making any decisions.

Some KiwiSaver guides may not yet have been updated to reflect the 1 April 2009 changes.

However, full details can be found at www.ird.govt.nz under "News and updates".

For further information:
Catherine Delore
(04) 890 1743
(029) 890 1743
catherine.delore@ird.govt.nz

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Corporate Affairs
Inland Revenue

To make a media query:
Phone 04 890 1698 or email mediaqueries@ird.govt.nz
Please note, the email address is only for enquiries from the news media. It is monitored during normal business hours 8am - 5pm Monday to Friday.

P O Box 2198
Wellington 6140
New Zealand


Date published: 03 Feb 2009

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