Super Fund contributions to resume Friday – MSN

Super Fund contributions to resume Friday – MSN

Half a billion dollars will be poured into the New Zealand Superannuation Fund from Friday as part of a Government plan to kickstart increased contributions.

During the election campaign Labour committed to resuming contributions, which were stopped during the global financial crisis.

“We will restart contributions to the Super Fund tomorrow, fulfilling our promise to New Zealanders,” Finance Minister Grant Robertson said on Thursday.

The payment on Friday, the first of $500 million this financial year, is mostly symbolic, Mr Robertson said.

By MSN

https://www.msn.com/en-nz/news/personalfinance/super-fund-contributions-to-resume-friday/ar-BBGInBo?ocid=News