mattwnz:rugrat:
I.e Labour wants to make kiwi saver compulsory. I already have a super scheme but it doesn't qualify as kiwi saver so under Labour I'd be forced to have two. The one i have has better benefits then kiwi saver.
else.
I am actually surprised that National didn't bring up the point that NZs have already previously voted in a referendum about compulsory retirement saving. NZers overwhelmingly voted against compulsory retirement savings in that referendum. The thing about labour is that they bring in new taxes, and once you have new taxes, they are very difficult to get rid of. They are wanting to bring in a captial gains tax, but not on the house you live in. But people will get around that, and over time the policy will likely get eroded to make it simpler, by then including it on the main home. Look at kiwisaver as an example. I was introduced without too much fuss, as it was voluntry, and had good incentives. Those incentives have slowly been eroded, and not they are wanting to make it compulsory, so it is a bit of a slippery slope when any new policy like that comes in.
Ever since the 1970's, various superannuation schemes started by the then government in power have either been watered down, changed, or abolished by successive governments... The Kiwi saver scheme is no different.