Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Birch scaremongering wrong - Cullen

2000 web site
"No-one will pay more tax on their private pension under Labour," Labour finance spokesperson Michael Cullen said today.

Dr Cullen was responding to National's latest scare campaign - an allegation by Bill Birch that pensioners would have to pay tax on their pensions under Labour. The claim is based on an interview Dr Cullen gave the Independent.

"I made it clear to the Independent reporter, and it is clear in the article, that if Labour moved from the present TTE scheme to a TET scheme, the two schemes would be run in parallel.

"This would mean that anyone under the current TTE arrangement would continue to receive their pension tax exempt," Dr Cullen said.

"Any alternative would involve not taxing capital gains in the funds but taxing the pay-out. This would not affect TTE schemes for those who stayed in them."

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news