C.S.U. urges Super, review
PA Wellington The Combined State Unions have urged the Government to rethink its special tax on superannuitants’ alternative incomes. The chairman of the C.S.U., Mr Ron Burgess, said yesterday that his group had tried to discuss the subject with the Government before the Budget “but our initiative was not responded to.” Mr Burgess said the tax would have a discriminatory effect. “Those who have provided for their retirement by obtaining capital assets such as shares or properties will find that their nest eggs are a lightly touched,” he
“Those who get their income in the form of a regular pension cheque will bear the full burden. Our members fall into the second category whereas a lot of the self-employed would fall into the first.”
The tax applies to earnings, other than national superannuation, of more than $5200 a year. Mr Burgess said the process had not been thought through. “I would urge the Government to recommit the whole question and to have proper discussions with the groups who are affected by it. "It is not too late. I think there is no valid reason for the Government to close its mind on tins question.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19841117.2.74
Bibliographic details
Press, 17 November 1984, Page 9
Word Count
198C.S.U. urges Super, review Press, 17 November 1984, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.