National to keep Kiwi Saver according to Bill English

The National Party says it would keep a Government subsidy in KiwiSaver if it forms a Government after the election.

But it is refusing to announce what the subsidy would be, and whether the employer contribution to the scheme would stay.

In a speech to the SuperFunds summit in Wellington, National's Finance spokesperson, Bill English, says the party will issue its KiwiSaver policy closer to the election.

At the moment everyone who joins KiwiSaver receives a government contribution of a tax credit of $20 per week.

While there are aspects of the scheme which need to be fixed, Mr English says the party would keep some form of Government contribution.

From 1 April, employers have to contribute 1% of an employee's salary to the workplace saving plan, rising to 4% over four years.

Mr English refused to be drawn on Tuesday on whether National would make any changes to that aspect of the scheme.