Analysis: Government's canned KiwiSaver fees tax
Morning Report
English - August 31, 2022 20:10 - 8 minutes - 7.84 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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It came out of the blue - the Government was going to put a tax on KiwiSaver fees which would have netted $225 million per year from 2026.
The idea had been scrapped within 24 hours, the Government saying it wouldn't go ahead with the scheme which could have knocked more than $100 billion from New Zealanders' savings by 2070.
RNZ political editor Jane Patterson suggests it was a rookie error from a government that should know better.
She spoke to Corin Dann.