News

Tax treatment disadvantages KiwiSavers

Monday 14th of October 2013

He spoke at the organisation’s Future of Super conference this morning and said the tax treatment of KiwiSaver was disadvantaging those who tried to put money away in the Government scheme over a long period of time. 

Other countries promoted the view that savers who started young would reap the beneftis. But here, they could lose up to half their potential returns to tax, he said.<...

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