NZ CGT, Capital Gains Tax., page-6

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    Very happy to see a universal pension. BUT (unfortunately there are always buts...) it would have to be the end of tax free super pension, which is very middle class welfare anyway. To encourage people to save for a better retirement I have no problem with a tax advantaged super system. Again but it needs to be limited so you can only contribute up to some level and $1.5m would be reasonable IMO. Then when that balance is achieved, NO MORE CONTRIBUTIONS of any sort, pre/post tax, etc.

    The tax advantaged saving system works to provide a reasonable level of savings and retirement income. If you want to live like a millionaire, you can but not on the taxpayer teat.

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