The big changes coming to KiwiSaver

By: Tamsyn Parker
Money Editor, NZ Herald

Retirement savings scheme KiwiSaver is to undergo a raft of changes next year if they get the thumbs up from politicians.

A bill introduced to Parliament last Thursday proposes to allow people over the age of 65 to join KiwiSaver and would scrap the requirement for people over 60 to be in the scheme for a least five years before they can get their money out.

Those changes could come into effect by July 1 next year.

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