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| Thread ID: 117920 | 2011-05-11 01:52:00 | Kiwisaver tax credit - going? | tims (10184) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1201172 | 2011-05-11 01:52:00 | In the upcoming budget it appears the government is going to take the knife to Kiwisaver and I think John Key has just indicated in a speech that the government contribution - (the Kiwisaver tax credit of $1042) - is on the chopping block. Not sure about the $1000 kick-start when a Kiwisaver account is opened but surely most people will start to think twice about continuing to contribute when the (very good) incentive of the tax credit will be reduced/gone? |
tims (10184) | ||
| 1201173 | 2011-05-11 01:55:00 | If I recall correct it was on the news last night and he said it wasn't on the chopping block. | Cato (6936) | ||
| 1201174 | 2011-05-11 02:20:00 | There will be a lot of speculation around at the moment. Mr Key appears to have dropped a few hints though. We can only wait till 19 May 2011 when the budget is released. Next week’s Budget will lay out a path to reduced government subsidy for the KiwiSaver scheme, made up by greater savings by businesses and their employees, Prime Minister John Key, has told a Business New Zealand lunch in Wellington. See here (business.scoop.co.nz). |
Bobh (5192) | ||
| 1201175 | 2011-05-11 02:22:00 | www.stuff.co.nz LL |
lakewoodlady (103) | ||
| 1201176 | 2011-05-11 02:45:00 | The National Government are in a position where they have to take measures to reduce our spiraling national debt. He staked all of the changes on the November election, however, saying that none will come in to force unless National is re-elected. |
Bobh (5192) | ||
| 1201177 | 2011-05-11 05:36:00 | There hasn't been a national Govt that hasn't stuffed with pension/superannuation in some form since 1975, always to the detriment of those who signed up. | leonidas5 (2306) | ||
| 1201178 | 2011-05-11 06:42:00 | To be fair all indications at this stage are that any change to KS will not happen in this term of the government. If the population does not like the proposed changes National will be voted out. It is called democracy. KS was introduced by the last government in a time of plenty. We have since suffered a world recession and are now faced with fixing Christchurch so that we are now in a very different situation. Personally I would far rather see my tax money going towards fixing CHCH rather than continuing to prop up KS in its present form. |
CliveM (6007) | ||
| 1201179 | 2011-05-11 20:39:00 | KS was introduced by the last government in a time of plenty. We have since suffered a world recession and are now faced with fixing Christchurch so that we are now in a very different situation. . So perhaps they should have skipped the tax cuts too. As was suggested at the time. |
pctek (84) | ||
| 1201180 | 2011-05-11 20:57:00 | There hasn't been a national Govt that hasn't stuffed with pension/superannuation in some form since 1975, always to the detriment of those who signed up. Like most OECD countries NZ is running a large current accounts deficit. Doesn't matter where the government makes cuts its going to annoy someone. This is not a National vs Labour issue, the world financial crisis happened on Labours watch turning the books red, doesn't matter who has been in power the CHCH earthquake still would have happened. |
Battleneter2 (9361) | ||
| 1201181 | 2011-05-11 21:05:00 | Vote last night on JCL "would you forego your last tax cut to leave Working for families, interest free student loans, and a third one cant remember what it was.... I voted no |
Gobe1 (6290) | ||
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