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Support builds for suspending KiwiSaver subsidy

Press Release – New Zealand Taxpayers’ Union

The New Zealand Taxpayers’ Union is joining calls for the Government to suspend its KiwiSaver subsidy during the economic fallout of COVID-19.The New Zealand Taxpayers’ Union is joining calls for the Government to suspend its KiwiSaver subsidy during the economic fallout of COVID-19.

New Zealand Taxpayers’ Union spokesman Louis Houlbrooke says, “Surely the Government has greater priorities right now than helping Kiwis invest in the stock market? $800 million would go a long way to increasing capacity in frontline health services.”

“Alternatively, many households threatened with job losses would appreciate having their $512 annual KiwiSaver subsidy in hand today as an income tax rebate, to increase their financial buffer during a time of turmoil.”

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