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Inland Revenue

Tax Policy

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.