> ## Content Index
> Fetch the complete content index at: https://goodoil.news/llms.txt
> Use this file to discover other available public pages before exploring further.

# Face of the Day
- URL: https://goodoil.news/face-of-the-day-1344/
- Published: 2025-11-23T17:30:19.000Z
- Updated: 2025-11-23T17:30:18.000Z
- Description: They also changed the default rate from three per cent to four per cent. Workers in financial stress could still apply to stay at the three per cent rate.
- Author: Good Oil Staff
- Tags: Face of the Day

> National has kicked off its election campaign with a party promise to pull Kiwisaver contribution rates up to Australia levels – a combined 12 per cent contribution rate for employers and employees.   
>  
> It will mean by 2032, employees will have the option to put six per cent into their Kiwisaver, which employers will have to match. \[...\]  
>  
> Labour leader Chris Hipkins said “the devil is always in the detail, and they haven’t worked through the detail here”.  
>  
> “The Labour Party is supportive of increasing KiwiSaver contributions, but we’re concerned that the government haven’t done their homework.  
>  
> “They haven’t figured out the implementation details, and people are going to end up really struggling to do what the government are asking of them.”  
>  
> Stuff

[Read more](https://www.stuff.co.nz/politics/360896120/luxon-makes-election-pledge-kiwisaver-contribution-boost?ref=goodoil.news)