KiwiSaver
KiwiSaver-lite gets green light
Thursday 11th of December 2008
Included in The Taxation (Urgent Measures and Annual Rates Bill) passed today, the KiwiSaver amendments have reduced the minimum employee contribution from 4% to 2% and have also capped the tax-free compulsory employer contribution at 2%.
Compulsory employer KiwiSaver contributions are currently at 1% but were due to rise to 4% over the next three years. National also scrapped the employer tax...
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