Dear John,



Labour’s done it again – after they campaigned in 2020 saying they’d introduce “no new taxes” – they want to introduce a tax on your KiwiSaver savings.



This is a big one. The KiwiSaver tax would wipe $103 billion off the value of New Zealanders' retirement savings.



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Yes, you read that right. The tax will be levied on every KiwiSaver fund. It is set to take $225 million in extra tax from hard working Kiwis every single year, wiping thousands off the KiwiSaver funds available to you in retirement.



We’ve launched a campaign to send Labour a clear message - stop the KiwiSaver tax <[link removed]>. The Bill has only just been tabled in Parliament so we have a chance to stop it. CLICK HERE <[link removed]> to sign the petition and send the government a message to take their greedy hands off your KiwiSaver!



You can add this new KiwiSaver tax to the list of new taxes Labour has introduced: the ute tax, the regional fuel tax, the tenant tax, the jobs tax, and the increase in the top tax rate.



John, the simple truth is that Labour is utterly addicted to spending. This government is obsessed with finding new ways to fleece New Zealanders of their hard-earned cash.



The message I am increasingly hearing from Kiwis is that they have had enough. They’re sick of policies like KiwiSpray – the cost of living payment that has gone to foreign backpackers, overseas property investors, wealthy London investment bankers, and even people who have passed away.



They’re sick of failures like KiwiBuild, like ram raids being up 500% in the last five years, and a four fold increase in the number of Kiwi kids living in cars.



New Zealanders deserve to keep more of their hard-earned money. During this cost of living crisis, they deserve real tax relief, not band-aid solutions like Labour is offering.



National will repeal Labour’s new taxes. And we’ll restore discipline to government spending, and end the waste.



Regards,



Nicola Willis

Spokesperson for Finance







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NZ National Party - 41 Pipitea St, Wellington 6011, New Zealand

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