PUBLISHED 29 August 2006

Tax changes added to KiwiSaver Bill

Employer contribution tax changes related to the proposed KiwiSaver scheme have been added to the bill via a Supplementary Order Paper released yesterday. The changes, announced last week, will exempt employer contributions from SSCWT for up to 4% of an employee's gross salary or wages. For more information on this and other changes to the bill see the Supplementary Order Paper No. 52.