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KiwiSavers unaware of scheme changes
Thursday 19th of April 2012
The changes, which kicked in this month, affect the way KiwiSaver is taxed, with the government introducing the Employer Superannuation Contribution Tax.
As well as taxing employer contributions to the scheme for the first time, the government has also halved the maximum member tax credit per year from $1040 ($20 per week) to $520 ($10 per week).
Tower Investments chief executive...
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