Reward Kiwis Who Save, Don’t Hit Them with Taxes
Rt Hon Winston Peters
New Zealand First Leader
Reward Kiwis Who Save, Don’t Hit Them with
New Zealand First welcomes the campaign to
cut high taxes on New Zealand’s long-term
“New Zealand First has long recognised the
excessive taxation facing savers - that is why we have had a
longstanding policy commitment to ensure earnings from
approved savings schemes will carry a tax advantage,” says
Leader Rt Hon Winston Peters.
“In addition, New Zealand
First has KiwiFund, an improvement on existing KiwiSaver
options that provides low fees and a capital guarantee.
Investment in the fund will primarily be made in New Zealand
assets and infrastructure to create jobs and lift the
“New Zealand First believes Kiwis should be
rewarded for saving, not penalised.
“Many Kiwis work
hard, deny themselves trips away and the finer things in
life so they can put money in their savings account. They
deserve a fair go.
“New Zealand First’s policy is to
provide real incentives to save not to pour more fees into
the pockets of the financial services sector,’ says Mr
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