National votes against KiwiSaver

National today voted against the Budget legislation, underlining its opposition to the very initiatives that will help to build a stronger economy and a fairer society, Finance Minister Michael Cullen said today.”Last week it voted against the company tax rate cut, the employee tax credit for KiwiSaver, and a lower tax rate on savings vehicles. […]

Key wrong on KiwiSaver

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 […]

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. […]