NZ budget includes lower tax credit, higher contribution to KiwiSaver

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NEW ZEALAND - The government's 2011/2012 proposed budget will halve matching tax credits for members' voluntary contributions to KiwiSaver while increasing employer and employee contributions to the scheme.

Treasurer Bill English laid out the proposed budget on Thursday night, and the reforms to KiwiSaver's funding come as government is dealing with helping rebuild Christchurch after last years' cripp...

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