KiwiSaver started on Monday, 2 July 2007. KiwiSaver was implemented by the Labour Government to assist New Zealanders with saving for a first home deposit as well as retirement. In 1975 New Zealand did implement the New Zealand Superannuation scheme, which was very similar to the KiwiSaver that we see today, however it only lasted 11 months until it was disbanded by Robert Muldoon.
