Tax incentives for retirement saving
ANALYSIS: Moving the dial or subsidising the finance sector?
A study concluded tax incentives simply move savings from taxable to tax-free vehicles without increasing level of savings.
In the last column we briefly looked at some of the lobbying from the local investment management industry advocating for tax incentives for retirement saving along with making KiwiSaver compulsory. Fund managers invariably point to the ‘success’ of the Australian and US retirement savings
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