Finance Minister Michael Cullen said Opposition leader John Key has deliberately exaggerated the net cost to employers of KiwiSaver.”In Parliament today he did a back-of-the-envelope calculation offsetting the benefit of the business tax package that is simply incorrect,” said Cullen. “He has ignored the employer tax credit and used the wrong basis for his claims […]
Category Archives: KiwiSaver Press Releases
KiwiSaver now an easier choice says Retirement Commissioner
The Retirement Commissioner says the Government’s planned additions to the KiwiSaver scheme now make joining more worthwhile.The Commissioner, Diana Crossan, says Budget announcements of compulsory employer contributions and tax credits of $20 a week mean people need to spend time working out the status of their personal finances before they make decisions about joining KiwiSaver. […]
Government’s bold step will ensure Kiwsaver success
�The Investment Savings and Insurance Association (ISI) applauds the Budget announcements to encourage savings and investment�, said Vance Arkinstall, CEO, Investment Savings & Insurance Association.�The KiwiSaver announcements will ensure the success of KiwiSaver. There is now no doubt that the proposition offered by KiwiSaver is so attractive that virtually all New Zealanders must consider joining. […]
Budget gives $40 a week to support saving
It is vital New Zealanders save more so we can better deal with our economic and social challenges, which is why Budget 2007 significantly enhances KiwiSaver. A new system of tax credits and compulsory matching employer contributions will be introduced to encourage more saving and make it even easier for New Zealanders to save through […]