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Kids KiwiSaver Model
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Inputs
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Set government kick-start $ 1,000
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Set maximum matching annual contribution for ages 0-17 from government $ 250
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Set parent contribution cap $ 250
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Set average parent contribution $ 125
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Set low income household automatic annual contribution from government $ 500
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Automatic contribution for children in low income households? Y/Ny
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Do children in low income households get matching contributions? Y/Ny
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Enrol only newborns (with kick-start) and immigrant children born 2026+ (w no kick-start) Y/N
y
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Government bond only investment? Y/Nn
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Returns taxed? Y/Nn
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Outputs
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20262027202820292043Total to 2043
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Fiscal cost (assuming average parent contribution) $ 81,000,000 $ 97,000,000 $ 115,000,000 $ 132,000,000 $ 425,000,000 $ 4,335,000,000
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Nest-egg at 18 for child born 25/26Nest-egg at 18
of which government investment
Nest-egg at age 30
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Parents contribute to cap $ 23,641 $ 5,500 $ 75,829
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Parents make average contribution $ 13,747 $ 3,250 $ 55,960
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Parents don't contribute $ 3,854 $ 1,000 $ 36,091
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Low income household, parents contribute to cap $ 43,428 $ 14,500 $ 115,567
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Low income household, parents make average contribution $ 33,534 $ 12,250 $ 95,698
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Low income household, parents don't contribute $ 23,641 $ 10,000 $ 75,829
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20262027202820292043
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Total funds saved (assuming average parent contribution) $ 95,000,000 $ 224,000,000 $ 389,000,000 $ 594,000,000 $ 9,961,000,000
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