Friday, 6 June 2008

Who's Counting?

The government is counting. It appears that we have embraced KiwiSaver in numbers which have far exceeded Cullen’s expectations. Initial projections were for 270,000 people to sign up in the first year but to date over 600,000 people have joined.

It’s not surprising because we can count – we count $1000 kick-start from the Government, up to $20 a week, and $40 a year towards fees. What’s not to like? And the funding is coming from the taxes we pay.