Returns shown are net of fees and taxes.
A voluntary top-up applies under both plans. Employer contributions still follow the scheduled rate (currently 3.5%, rising to 6% by 2032 under National's plan), so a higher personal rate doesn't increase what your employer puts in.
Average annual wage growth in NZ has historically been around 2%
Current law
$355k
At retirement
National's plan
$482k
At retirement
Under National's plan, you'd retire with $127k more than under current law.
Returns shown are net of fees and taxes. Wages are assumed to grow at 0.0% per year. Govt top-up of $260.72/yr where annual employee contributions exceed $1,042.86; no govt top-up for incomes of $180,000 or more (including once salary growth takes income above $180,000). Employer contributions shown net of ESCT (10.5%–33% depending on income). National's plan: contributions rise from 3.5% to 6% each by April 2032. Current law: 3.5% until April 2028, then 4%, no further uplifts, no employer contribution past 65. Illustrative only — not financial advice.