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James Fuller: Hnry CEO on the number of self-employed people opting out of KiwiSaver

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Manage episode 502462233 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Self-employed people are opting out of KiwiSaver, putting their retirements at risk.

A new report from the Retirement Commission and accounting firm Hnry's reveals only 44% of self-employed people actively contribute compared to 78% of employees.

It shows 41% of self-employed workers don't get any government contribution.

Hnry CEO James Fuller told Ryan Bridge when the Government halved KiwiSaver contributions in this year's Budget, many decided to put their money elsewhere.

He says self-employed people have started putting their money into high-risk, short-term investments, meaning they won't have enough retirement savings.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4324 episodes

Artwork
iconShare
 
Manage episode 502462233 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Self-employed people are opting out of KiwiSaver, putting their retirements at risk.

A new report from the Retirement Commission and accounting firm Hnry's reveals only 44% of self-employed people actively contribute compared to 78% of employees.

It shows 41% of self-employed workers don't get any government contribution.

Hnry CEO James Fuller told Ryan Bridge when the Government halved KiwiSaver contributions in this year's Budget, many decided to put their money elsewhere.

He says self-employed people have started putting their money into high-risk, short-term investments, meaning they won't have enough retirement savings.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4324 episodes

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