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Govt U-turns on proposed KiwiSaver tax following ‘concern’

Bill introduced by Revenue minister David Parker yesterday proposed adding GST to managed fund fees.

Illustration: Michael Hickmott.

The Government has backflipped on a proposal to add GST to KiwiSaver and managed funds less than 24 hours after they were tabled, saying it was clear it had “caused concern” for New Zealanders.

Yesterday, it emerged that a proposal to add GST could collect $225 million a year and reduce

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Hamish McNicol Wed, 31 Aug 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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Govt U-turns on proposed KiwiSaver tax following ‘concern’
General Business,
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