See how much you’d save with ACT’s KiwiSaver calculator

“ACT has launched a calculator that shows what removing tax on KiwiSaver earnings could mean for your retirement savings. Kiwis can see for themselves how much more they would have in retirement with ACT,” says ACT Leader David Seymour.

“Every other party at this election wants to make New Zealanders put more money into their KiwiSaver, leaving less in their back pocket to fund today’s cost of living. ACT is the only party proposing to stop taking money out of their KiwiSaver through taxes.

“ACT’s changes mean more of your investment returns stay invested, giving that money more time to earn returns of its own.

“That is the power of compounding. Your savings earn a return, then you earn a return on those returns, year after year.

“For younger New Zealanders in particular, the difference can be enormous.

“Under ACT’s policy, a 20-year-old builder earning $60,000 could have an extra $209,486 in KiwiSaver by the time they turn 65.

“A 40-year-old small business owner earning $120,000 would see an additional $69,100 in their KiwiSaver by the time they reach age 65.

“A country builds wealth when more people own assets, have savings, invest in productive enterprise, and have the confidence to think decades ahead.

“ACT wants New Zealanders to keep more of the wealth they create and give their savings the greatest possible opportunity to grow.”

Calculate what ACT’s KiwiSaver policy could mean for you here: https://www.act.org.nz/kiwisaver-calculator