Politics

Govt U-turns on proposed KiwiSaver tax following ‘concern’


Bill introduced by Revenue minister David Parker yesterday proposed adding GST to managed fund fees.

Illustration: Michael Hickmott.

The Government has backflipped on a proposal to add GST to KiwiSaver and managed funds less than 24 hours after they were tabled, saying it was clear it had “caused concern” for New Zealanders.

Yesterday, it emerged that a proposal to add GST could collect $225 million a year and reduce

Want to read more? It’s easy.

Choose your best value subscription option

Individual

Group membership

NBR Marketplace

NZ Aviation News

Yearly Premium Online Subscription

NZ$449.00 / yearly

Monthly Premium Online Subscription

NZ$39.00 / monthly

Smartphone Only Subscription

NZ$18.95 / monthly

Premium Group Membership 10 Users

NZ$300+GST / monthly

$30 per user – Pay by monthly
credit card debit

Premium Group Membership 20 Users

NZ$500+GST / monthly

$25 per user – Pay by monthly
credit card debit

Premium Group Membership 50 Users

NZ$1000+GST / monthly

$20 per user – Pay by monthly
credit card debit

Premium Group Membership 100 Users

NZ$1500+GST / monthly

$15 per user – Pay by monthly
credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$449.00 / yearly

Aviation News – Monthly

NZ$8.95 / monthly

Already have an account? Login

Contact the Writer: Hmcnicol@nbr.co.nz

© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.



Source link

Leave a Reply

Your email address will not be published.