Special report on KiwiSaver changes

Legislation giving effect to compulsory employer contributions to KiwiSaver and the accompanying employer tax credit, which come into effect on 1 April, is contained in the recently enacted Taxation (KiwiSaver) Act 2007. For more information on these and other key changes to KiwiSaver, many of which occurred during the passage of the legislation through Parliament, see our special report on the new KiwiSaver legislation, which has been compiled to provide early information for providers, employers and other interested parties. A full description of the new legislation will appear in a 'Tax Information Bulletin' to be published in 2008.