Tax cut allowance intact for 2017, Super Fund top-ups pushed out 2 years

Tue, 15 Dec 2015

By Pattrick Smellie Dec. 15 (BusinessDesk) - New Zealand economic growth may be below previous forecast in the next two years, slowing the pace of government debt repayments and delaying the resumption of Crown top-ups to the NZ Superannuation Fund, the half-year budget update shows. However, the 2016 Budget Policy Statement shows the government still intends to make $2.5 billion available in its 2017 election budget, which may be used in part for tax cuts, “if economic and fiscal conditions allow”. “Contributions to the New Zealand Su...

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