KiwiSaver

Govt admits it's seriously looked at compulsory super

Thursday 3rd of August 2006
Revenue Minister Peter Dunne told a Pricewaterhouse Coopers breakfast meeting this week that the payroll tax option, eventually rejected by ministers, included a levy for compulsory workplace savings.

“We considered very seriously how it might work, whether a reduction in tax could be traded off for superannuation and savings,” Dunne says.

The option would have been “somewhat similar to th...

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