Stimulating Retirement Savings on the Example of KiwiSaver

Teresa Hanna Bednarczyk


The mobilization of additional retirement savings is important from the point of view of demographic changes and the increase in pension expenditure in the future. The governments of many countries apply incentives for voluntary retirement saving schemes, mostly in the form of tax reliefs. Unfortunately, these incentives do not significantly increase the number of individuals who save and do not bring vital growth for the economy. What turns out to be more effective is supplemental premium to the contributions made by the members which provides a stronger impulse for additional saving rather than just traditional tax exemptions. The article was concerned with the analysis and evaluation of innovative solutions applied within the framework of KiwiSaver scheme in New Zealand, which consists in the combination of automatic enrolment to the savings program with a strong stimulus to stay within its in the form of the employer’s contributions as well as the subsidies from the state budget.


retirement savings; automatic enrolment; supplemental premium

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Data publikacji: 2018-06-20 09:40:57
Data złożenia artykułu: 2017-05-30 13:19:08


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