Written By: - Date published: 4:59 pm, December 22nd, 2008 - 37 comments
Categories: kiwisaver, national/act government, workers' rights -
Tags: council of trade unions
The Council of Trade Unions has done some research showing a worker with a Kiwisaver account will stand to lose as much as $200,000 in accumulated savings over their working life as a result of the National-led Government’s changes to the scheme.
If you’re on $50k a year then National’s Kiwisaver cuts will cost you $145k over your working life. That’s three years’ wages ripped out of your savings to pay for tax cuts for the rich.
Merry Christmas, New Zealand.
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Sorry IB – I’m on my parents dial-up at the moment
we were already on 2 percent our company was already a year ahead ive worked out i am going to loose 40 dollars a week next year.so much for the oh so wonderful tax cuts.
what message is national sending i am takeing it as national doesnt what us to save at all ,national doesnt what a build up of stable new zealand based capital funds national wants new zealand exposed to instability of off shore capital. national would pefer new zealanders to be in dept up to there arm pits and paying high interest to the day they drop dead.
national says its for private public paternerships (but only with the generous benofactors of national) ppp could have been kiwi saver funds.
national says its for privateisation of the best state assets( but only for mates of national) again privateisation if we must have it could have been kiwi saver funds.