Monthly Archives: March, 2019

PROPOSED KIWISAVER TAX CHANGES

March 24th, 2019 Posted by Uncategorised No Comment yet

This article originally appeared on nzhearald.co.nz on the 28 February, 2019.

Proposed changes to KiwiSaver have been designed to redistribute wealth across New Zealand, with the Tax Working Group working on new initiatives to boost savings for low and middle income earners while reducing them for higher income earners. People earning up to $70,000 a year are likely to see benefits under the proposal, most of which will outweigh the extra taxation. Despite these intentions, not everyone is on-board with the proposals, with some critics warning of new complications and unintended consequences.

 

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