Cyber-slacking: Clinton Smith reckons National has messed up
“Well, that’s what you thought. National would turn the 4% Kiwisaver into a 2% system. If that happens, you’re going to lose 2% a year from employer contributions come 2011, you’re going to lose some of your government contributions if your income is below $52,000, and you might find your employer gives you a smaller payrise to pay so that you end up paying for the employer contributions too. That great savings scheme just got a whole lot less great. Let’s look at the minimum amount of money you would lose as a Kiwisaver with National over and above any extra money you might get from National’s tax cuts.” - Clinton Smith aka Steve Pierson
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Tags: Clinton Smith, Kiwisaver, Labour Party, National Party, tax cuts
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