ACT is confident its KiwiSaver plan would put more in people's kitty by retirement. 

The party wants to scrap the Government contribution to KiwiSaver, and the tax paid on investment earnings made through the scheme.

It says the tax relief created, would be more substantial than the up to $260 currently contributed by the Government. 

Leader David Seymour says someone with a small balance, less than $15,000 may initially be worse off. 

"A builder, $60 grand a year through their career - they start when they're 20, by the time they retire, they would be $210,000 better off not paying tax on their returns."

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ACT is confident its KiwiSaver plan would put more in people's kitty by retirement.&nbsp;
The party wants to scrap the Government contribution to KiwiSaver, and the tax paid on investment earnings made through the scheme.
It says the tax relief created, would be more substantial than the up to $260 currently contributed by the Government.&nbsp;
Leader David Seymour says someone with a small balance, less than $15,000 may initially be worse off.&nbsp;
"A builder, $60 grand a year through their career - they start when they're 20, by the time they retire, they would be $210,000 better off not paying tax on their returns."
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

David Seymour: ACT Party leader on the party's plan to cut KiwiSaver taxes

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/16afa9ff-b324-424c-8adf-b4d9014c3be3/transcript