Originally Posted by
Zaphod
National weren't opposing KiwiSaver, they were voting against the reform package as it stood. Reducing government subsidies was also what Cullen proposed.
The Kiwi way of saving for retirement is to purchase a family home to do up, flick then repeat. Our neighbours are doing just that right now, and this is their 5th home in 9 or so years. They used Kiwisaver to buy their first investment home. Using the fund to start a business, given the current circumstances, does not challenge the precedent already set.
For the record, I too disagree with using Kiwisaver for both of these purpose.