
Budget
KiwiSaver changes make saving tougher
Thursday 19th of May 2011
That's according to Workplace Savings NZ, the voice of workplace savings.
The Government today confirmed it will halve the member tax credit to a maximum of $521 a year from 1 July this year. In addition, the minimum employer and employee contribution will rise from 2% to 3% from 1 April 2013. And the tax free status of employer contributions to KiwiSaver will end from April...
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