# Act pledges tax removal on kiwisaver earnings

> act party promises tax cut on kiwi saver earnings to boost long term savings.
- Title: Act pledges tax removal on kiwisaver earnings · RNZ | Shortify
- Summary: act party promises tax cut on kiwi saver earnings to boost long term savings. act party pledges to remove tax on kiwi saver earnings to let savers benefit…
- Keywords: act party, kiwi saver, tax relief, compound interest, kiwi saver earnings, kiwi saver policy, politics, news, Act, pledges, tax, removal
- Source: RNZ — https://rnz.co.nz/news/politics_election-2026/1714907/act-pledges-removing-tax-on-kiwisaver-earnings
- Author: RNZ | Te Reo Irirangi o Aotearoa
- Published: 2026-10-04T02:42:47+00:00
- Read time: 1 min
- Topics: act party, kiwi saver, tax relief, compound interest, kiwi saver earnings, kiwi saver policy, politics, news
## act party policy
act party pledges to remove tax on kiwi saver earnings to let savers benefit from compounding returns without future taxation.

> other parties want to force your money into kiwi saver then tax you
## compound interest benefit
seymour explained compound interest grows kiwi saver balances exponentially over time.

> interest on interest year after year grows your kiwi saver balance exponentially
## savings example
a 20 year old builder earning $60,000 would save $209,486 extra by age 65 under the policy.
## government contribution change
act will end kiwi saver government contributions for members with employer contributions and replace with tax relief.
## cost estimate
the whole plan would cost about $2.4b over four years including benefits from ending government contributions.
## policy release
act's fully costed fiscal plan will be released later in the election campaign.
## Key takeaway

act party pledges to remove tax on kiwi saver earnings to let savers benefit from compounding returns without future taxation.