This Bill proposes to remove the $1,000 KiwiSaver kick-start contribution paid to all new enrollees in the KiwiSaver scheme, effective from 2 pm on 21 May 2015.

This bill proposes amendments to the KiwiSaver Act 2006 and the Income Tax Act 2007. The main proposals relate to the withdrawal of member tax credits for KiwiSaver members purchasing their first home, and corrections to the tax, social policy, and KiwiSaver treatment of income replacement payments for some veterans and other claimants.