Christopher Luxon, New Zealand Prime Minister 2023

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#3437162 24-Nov-2025 16:23

sen8or:

And the latest from Luxon - "We are doubling contributions to Kiwisaver".

When he says "we", he really means employees and employers. So the public will end up with 3% less in the hand over the coming years and employers wage bill will go up 3%. Some employers will use the rising kiwisaver costs as an offset to wage growth, so expect slightly more pain at the cash till until things normalise again, whenever that may be

This is just a reannouncement of policy they already implemented right back at the beginning. I'm not even sure they've changed the numbers. We had the same back-and-forward about whether employers would just slide the 3% into the total package/not give you a pay rise next year because of the 3% back then too.

Personally I think it's way way way overdue and I was surprised it wasn't mandatory when I moved here in 2002...

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#3437236 24-Nov-2025 18:05

New home warranty rules look sensible. There must be a lot of detail yet to firm up.

https://www.rnz.co.nz/news/political/579814/new-home-warranty-rules-protecting-homeowners-announced

I'd like to think it will put the industry on a sustainable footing. Like everything else we do I suspect we'll increase skilled labour imports before we find training solutions that work for the realities of the industry.

Handle9

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#3437242 24-Nov-2025 18:46

SaltyNZ:

sen8or:

And the latest from Luxon - "We are doubling contributions to Kiwisaver".

When he says "we", he really means employees and employers. So the public will end up with 3% less in the hand over the coming years and employers wage bill will go up 3%. Some employers will use the rising kiwisaver costs as an offset to wage growth, so expect slightly more pain at the cash till until things normalise again, whenever that may be

This is just a reannouncement of policy they already implemented right back at the beginning. I'm not even sure they've changed the numbers. We had the same back-and-forward about whether employers would just slide the 3% into the total package/not give you a pay rise next year because of the 3% back then too.

Personally I think it's way way way overdue and I was surprised it wasn't mandatory when I moved here in 2002...

If young people are ever going to have wealth to retire on personal accounts are going to be the only way. NZ Super as it currently stands will become increasingly unaffordable, even with significant immigration.

SaltyNZ

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#3437243 24-Nov-2025 19:21

Handle9:

If young people are ever going to have wealth to retire on personal accounts are going to be the only way. NZ Super as it currently stands will become increasingly unaffordable, even with significant immigration.

Yeah I give it 50/50 of it being there at all by the time I retire.

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#3437332 25-Nov-2025 08:54

Handle9:

If young people are ever going to have wealth to retire on personal accounts are going to be the only way. NZ Super as it currently stands will become increasingly unaffordable, even with significant immigration.

If there's no super for me when I retire then there's no way in hell I'm OK with being asked to pay taxes to prop up current retirees. Millennials are now halfway through their working lives and paying stonking mortgages (if they're lucky enough to own their own home) - there just isn't time to pivot to a sole-financed retirement for most of us.

Any such change would need to be signposted more than a life-time in advance.

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#3437355 25-Nov-2025 10:06

GV27:

If there's no super for me when I retire then there's no way in hell I'm OK with being asked to pay taxes to prop up current retirees. Millennials are now halfway through their working lives and paying stonking mortgages (if they're lucky enough to own their own home) - there just isn't time to pivot to a sole-financed retirement for most of us.

Any such change would need to be signposted more than a life-time in advance.

Yeah they wouldn't do a big bang. They would gradually raise the age and/or add means testing, and at the same time give tax advantages to those who invest in private superannuation. Make the contributions come out of pre-tax income; make taxes on superannuation investment earnings be lower than income tax, etc.

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#3437365 25-Nov-2025 10:31

When the age does eventually rise, I'd like to think the age to withdraw Kiwisaver would stay so you are still be able to make the choice to retire with your own funds even if you can't get super yet.

ezbee

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#3437370 25-Nov-2025 10:52

No Government or anyone with a chance of becoming has proposed 'rapid' changes to superannuation.

Demographics would indicate a voting block that will keep things going for a long time.

National/ACT embracing Kiwisaver is possibly more looking at Australia, and the power of its funds built up that we missed out 'bigly' of because "Dancing Cossacks".

Paying wealthy and high earners pocket money is silly though.
Proposers of measures to change this forever doom their proposals by setting bar far too low.

They seem to have forgotten that their house they bought for 250K way back is probably a million today.
Rental also proportionately so, and aged accommodation/care astronomically more expensive.

Inflation has moved the bar on what may be considered wealth, and it needs to be indexed.
Capital gain taxes fall on similar scares as inflation makes bar look very low.

For the wealthy who say, what does Government do for me ?
Try living in a place where you have to pay for your own high levels of security, preferably armed.
No enjoying state parks and country from your holiday home, lodge or yacht unless security considered.
Power at uncertain times of day for your factory. Payment under the table or above market rate helps.
Your bank, as banking regulations/oversight are somewhat notional may be a risk as you move your money around.
Similarly your investments as market regulators and oversight lacking.

Infrastructure you use more as you travel more, ship your goods on it, your farming relies on above economic infrastructure, physical infrastructure, boarder security, constant R&D to enhance productivity etc.
Your local country road may not look like much of a cost, until its privatized and tolled to move produce.

Reality is that the more money you have the more you benefit in larger $ terms proportional to your wealth from Government legal, policing, economic structures, infrastructure, stability.

Handle9

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#3437466 25-Nov-2025 15:33

GV27:

Handle9:

If young people are ever going to have wealth to retire on personal accounts are going to be the only way. NZ Super as it currently stands will become increasingly unaffordable, even with significant immigration.

If there's no super for me when I retire then there's no way in hell I'm OK with being asked to pay taxes to prop up current retirees. Millennials are now halfway through their working lives and paying stonking mortgages (if they're lucky enough to own their own home) - there just isn't time to pivot to a sole-financed retirement for most of us.

Any such change would need to be signposted more than a life-time in advance.

It's not a case of being ok or not being ok with it, it's a case of running out of tax payers to keep the system going.

It'll be death by a thousand cuts with NZ Super, not one instant change.

GV27

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#3437505 25-Nov-2025 17:23

They'll run out of taxpayers a lot quicker if millennial have the ladder pulled up from them in yet another way.

The message will be 'leave if you ever want to maybe retire one day'.

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#3437541 26-Nov-2025 07:25

GV27:

They'll run out of taxpayers a lot quicker if millennial have the ladder pulled up from them in yet another way.

The message will be 'leave if you ever want to maybe retire one day'.

The silver lining (if there can even be said to be one) for New Zealand is that most "advanced" economies are suffering the same problem for the same reasons. You'd struggle to retire in Australia without having saved up you whole life either.

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#3437681 26-Nov-2025 14:06

So, National is now joining NZ First in stating that they would look at repealing the Regulations Standard Act. Is Luxon aware that he is currently the majority leader? Kill the Act now if you don't like it...

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#3437683 26-Nov-2025 14:15

Obraik:

So, National is now joining NZ First in stating that they would look at repealing the Regulations Standard Act. Is Luxon aware that he is currently the majority leader? Kill the Act now if you don't like it...

As hilarious as it is to see both NZF and now National saying they want to repeal it (ok technically it's not a certainty as far as National are concerned but they saw the feedback to select committee) it still makes me furious that they wasted so much taxpayer money and massively fanned the flames of a US-style culture war for something they and the public didn't want, just so Seymour could go stroke his ... ego.

What a pathetic so-called leader. Peters would've done a better job.

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#3437960 27-Nov-2025 14:44

Luxon seems to indicate that Air New Zealand is a bit of a director's junket.
None of that firm insightful leadership needed.
I expect they can attract capable managers at all levels, travel discounts and all.

Government just says, don't come to us for more money and don't take any risks.

Probably why Todd Muller exited quickly.
His experience at Zespri and Fonterra not really preparing him for active management in a political party.

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sen8or

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#3437964 27-Nov-2025 15:13

There was a clip the other day of Luxon being questioned about a coup by Chris Bishop. I really don't know if there is any truth to it or just one of those dumb rumours started by someone to stir the pot, but Bishop and Stanford would be fare more publicly palatable than Luxon/Willis....

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