ACT's David Seymour - i like his style.

[fungus pudding]

The USA have tax deferred401k retirement plans, which encourage larger retirement savings more effectively than the fixed tax credit for KiwiSaver. Also there are non-retirement tax preferred
schemes such as 529s to encourage people to save for their children's education. Various states have other schemes too I believe. In the UK they have had non retirements tax reduced pep (personal equity plans) for shares and fixed interest investments and ISA (individual savings account) with annual tax free allowances.

Locked in schemes. We used to allow life insurance premiums to be tax deductible. Australia's system of self funded retirees is interesting. In a nutshell - for those who have built up a decent income from investments and assets can forget about receiving their superannuation and in return pay no income tax.

https://www.catchtherisingtide.com.a...ed-retirement/

I have a few mates who have opted for the scheme. They're very happy.