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Copeland: All employees in KiwiSaver from 1 July?
Media statement
For immediate release
Friday, 23
February 2007
Copeland: All employees in KiwiSaver
from 1 July?
United Future Finance spokesperson Gordon Copeland said today that he sees no reason why all of the employees of a firm should not voluntarily join KiwiSaver on July 1.
“The legal requirement is for firms to automatically enrol all new employees from that date,” said Mr Copeland.
“However, existing staff can also sign up for KiwiSaver if they want to. It might therefore make payroll and administrative sense for firms to enrol everyone, except those who deliberately opt out, from day one.
“I’m unashamedly a fan of KiwiSaver and the government sweetener of $1,000 per person raises the stakes in favour of signing up sooner rather than later.
“The same logic applies to the self-employed.”
ENDS
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