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

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