Petition calls for end to 'tax unfairness'
Rachelle Bland said it was more than a year since Inland Revenue said it would take action to stop KiwiSaver overtaxing but nothing had yet happened.
It has been estimated that up to 450,000 people were overtaxed because they were being taxed by default at the top PIR when they should have been on a lower rate.
Bland said it was appalling that there had been no action. “It’s such a simple change.”
She said technology was blamed for members not having their correct rate calculated but it would be simple to add a box on the KiwiSaver enrolment forms that asked people to advise the correct PIR for their investment.
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