Kiwisaver - Can't use savings as a deposit!

**Morcs** · 22nd May 2009, 14:48

Basically I believe it is a way to pay your state pension in the future rather than anything else.

Look at it this way, the population is getting older - people are living longer, dying less, and are having less kids.

Gradually the ratio between pensioners and tax payers is going to change, and the tax payers will no longer be able to pay for the amount of pensioners - so this money the government is conning out of people, is to help offset that case in in the distant future. IMHO.

**Blackshear** · 22nd May 2009, 14:56

Originally Posted by Morcs

Basically I believe it is a way to pay your state pension in the future rather than anything else.

Look at it this way, the population is getting older - people are living longer, dying less, and are having less kids.

Gradually the ratio between pensioners and tax payers is going to change, and the tax payers will no longer be able to pay for the amount of pensioners - so this money the government is conning out of people, is to help offset that case in in the distant future. IMHO.

Aging population. I remembered something from school!

But I want MY money. Not MORE tax. 12.5 + 4%? I think.