Tax expert on the Govt changes to Kiwisaver in Budget

The government is halving its contribution to Kiwisaver shifting the financial load onto business. The change will be phased. At the moment people over 18 can get up to $521 in government contributions if they contribute $1040 dollars per year themselves. That will drop to just over $260 of government contributions. People earning over a $180,000 a year will get nothing. Tax expert Terry Baucher spoke to Lisa Owen.