Farewell to Tax Neutrality: The Implications for an Aging Population‪.‬

Introduction New Zealand has often been described as a social laboratory; nowhere more so than in the case of retirement provision. For nearly twenty years, New Zealand adhered to the principle of tax neutrality in private saving for retirement. Voluntary unsubsidised private saving together with a universal state pension, New Zealand Superannuation, appeared to be a well-supported, cost-effective, adequate, secure, and highly equitable approach.