KiwiSaver contributions increase enacted
Monday, November 5th 2012, 5:01PM 
1 Comment
New legislation recently enacted increases the KiwiSaver employer and employee contribution rates from 2% of gross salary and wages to 3%.
The changes are in the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill which received Royal assent on Friday.
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On top of removing the matching Govt subsidy for employer contributions a couple of years ago, now employers are forced to swallow another increase in their costs when they can least afford it! Shame on you National !