ISSUE
Friday, August 15, 2025
Volume 16 . Issue 72
All babies born in New Zealand would automatically be registered for a KiwiSaver account and receive a $1000 kick start from the government, New Zealand First Leader Rt Hon Winston Peters announced last week.
The announcement was made at New Zealand First’s 2014 Election Campaign Launch in Auckland.“Thousands of young New Zealanders have used KiwiSaver to help them save to buy their first homes, it’s common sense that it helps to pay for their tertiary education too” says Mr Peters.
“The money in their KiwiSaver account will only be able to used for tertiary education fees. If the young person does not go on to further study, the money will stay in their account to go towards their first home and retirement.
“Over their childhood and teenage years with contributions from family, the Christmas and birthday ‘$20 gifts’ from the grandparents, and the afterschool and holiday jobs, most people will see a sizable amount of savings after 18 years.
“The savings for the government will be substantial, not having to loan as much money to students for their tertiary education fees.
“By these means can we directly help so many of our young whilst at the same time further build the funds to free ourselves from the dependence on foreign money and foreign savings,” says Mr Peters
All babies born in New Zealand would automatically be registered for a KiwiSaver account and receive a $1000 kick start from the government, New Zealand First Leader Rt Hon Winston Peters announced last week. The announcement was made at New Zealand First’s 2014 Election Campaign Launch in...
All babies born in New Zealand would automatically be registered for a KiwiSaver account and receive a $1000 kick start from the government, New Zealand First Leader Rt Hon Winston Peters announced last week.
The announcement was made at New Zealand First’s 2014 Election Campaign Launch in Auckland.“Thousands of young New Zealanders have used KiwiSaver to help them save to buy their first homes, it’s common sense that it helps to pay for their tertiary education too” says Mr Peters.
“The money in their KiwiSaver account will only be able to used for tertiary education fees. If the young person does not go on to further study, the money will stay in their account to go towards their first home and retirement.
“Over their childhood and teenage years with contributions from family, the Christmas and birthday ‘$20 gifts’ from the grandparents, and the afterschool and holiday jobs, most people will see a sizable amount of savings after 18 years.
“The savings for the government will be substantial, not having to loan as much money to students for their tertiary education fees.
“By these means can we directly help so many of our young whilst at the same time further build the funds to free ourselves from the dependence on foreign money and foreign savings,” says Mr Peters
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