KiwiSaver tax cuts

[MotherBear]

KiwiSaver tax cuts 'the big, dark Budget secret'
5:00AM Monday May 07, 2007

National leader John Key believes tax cuts on employee contributions to the KiwiSaver scheme will be the Budget's "big, deep, dark secret" and could be worth $1 billion.

He has also listed National's own economic priorities, including tax cuts, substantial investment in infrastructure and a 90-day trial period for workers in new jobs.

KiwiSaver, a voluntary workplace saving scheme where employees elect to contribute 4 or 8 per cent of their gross salary, comes into force this year.

People starting a new job from July 1 will automatically be enrolled and have eight weeks to opt out.

More here .