Labour eyes locking KiwiSaver funds in NZ
Labour's finance spokesman David Parker raised the possibility of preventing KiwiSaver funds being moved overseas in an interview on TV3 programme The Nation on the weekend.
He mentioned it as an option, while reiterating Labour's election policies of compulsory KiwiSaver, a capital gains tax and a gradual increase in the retirement age.
"On the savings front, we're going to have to consider whether we make our savings sticky, rather than having open borders - people being able to take their savings pool with them to Australia," Parker said.
"Someone suggested to me the other day - a senior business person - that we're going to actually have to have a closed system that says once you get universal savings you actually can't take them with you to Australia," he said.
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