1 Sep 2022

Analysis: Government's canned KiwiSaver fees tax

From Morning Report, 8:10 am on 1 September 2022

It came out of the blue - the Government was going to put a tax on KiwiSaver fees which would have netted $225 million per year from 2026.

The idea had been scrapped within 24 hours, the Government saying it wouldn't go ahead with the scheme which could have knocked more than $100 billion from New Zealanders' savings by 2070.

RNZ political editor Jane Patterson suggests it was a rookie error from a government that should know better.

She spoke to Corin Dann.