A common misconception around KiwiSaver from those who don't understand the savings scheme is that "the government is stealing my money", or that KiwiSaver providers are taking it for themselves. In fact, it's quite the opposite (in fact, if you are eligible, the government will actually contribute to your KiwiSaver scheme every year).
MD and founder of Simplicity Sam Stubbs recently chatted to OneUp podcast host Sarah Kelsey about this and a few other common myths around KiwiSaver. Here he explains specifically how your KiwiSaver investments are strictly protected.
Keywords: KiwiSaver, KiwiSaver supervisor, KiwiSaver and the government, KiwiSaver scheme, KiwiSaver providers
