- Policy
-
Candidates
Candidates Auckland Central | Tuariki Delamere Banks Peninsula | Ben Atkinson Bay of Plenty | Chris Jenkins Coromandel | Rob Hunter Dunedin | Ben Peters Epsom | Adriana Christie Hamilton East | Naomi Pocock Hamilton West | Hayden Cargo Hutt South | Ben Wylie-van Eerd Mount Albert | Cameron Lord Nelson | Mathew Pottinger New Plymouth | Dan Thurston-Crow North Shore | Shai Navot Northland | Helen Jeremiah Ōhāriu | Jessica Hammond Rongotai | Geoff Simmons Southland | Joel Rowlands Tauranga | Andrew Caie Te Atatū | Brendon Monk Wellington Central | Abe Gray Whangārei | Ciara Swords
- Comms & Events
- Support
12. Is the means testing progressive or is there just a line in the sand?
Answer
There will no doubt be an abatement regime. Whether it is tight or wide will be a matter of negotiation with the government of the day. But we would propose a straight line as follows:
As people earn more they will progressively lose their top up. Once a person is earning $50,000 in total income they will not receive any top up. This equates to an additional tax for superannuitants of 15c in every dollar they earn up to $50,000. This means that generally superannuitants will not face tax rates higher than the current highest tax rate.
Was this helpful?