Michael Cullen has announced that the Government plans to offer a tax break on employer contributions to the KiwiSaver fund, limited to 4% of the employees salary. While I still do not like KiwiSaver as it stands, this is a definite improvement. It means that employer contributions are actually likely to happen now, as they are no longer subject to fringe-benefit tax, and is enough so that I would seriously consider joining and look at talking contributions to this from my employee in lieu of a pay rise next time around. It would mean that I would get the entire raise, instead of the raise less a huge amount of tax.acdsee 7 keygenerator

However, there is still no incentive for employees to contribute to the fund after initial joining up to gain the initial $1000. A tax break on employee contributions would be better as would encourage me personally to put my money into it - there is still no incentive to do this.acdsee 7 keygenerator

Of course my preferred option is simply lower taxes so I can save more in the first place rather than pay for additional bureaucracy to run this.acdsee 7 keygenerator

Posted by Dave Bryant at 7:26 PM | Comments (0) | TrackBacks (0) acdsee 7 keygenerator