Economy and tax

The party promises that from 1 July 2028 all employees will be required to join KiwiSaver or an equivalent retirement savings scheme.

By 1 April 2032 the default combined employee and employer contribution rate would rise in steps to 12%.

The party proposes a 28% capital gains tax on profits from selling residential or commercial investment property, with the family home and some other assets excluded.

The first NZ$10,000 of personal income would be tax free, with a higher rate on income above NZ$160,000.

A 2.5% wealth tax on net assets above NZ$10 million, with the family home excluded.

A capital acquisitions tax on gifts or inheritances above NZ$1 million, with some exemptions.

Concentrate government spending on the public services the party considers essential, and keep taxes low.

Remove regulation the party considers unnecessary, and test new regulatory and innovative approaches through trial mechanisms.

Argues for breaking up electricity companies that both generate and sell power, so that generation and retail pricing are separated.

Proposes breaking the market dominance of the two major supermarket groups to increase competition in the grocery market.

Argues for buying back the Bank of New Zealand, and opposes further privatisation or sale of strategic assets.

An annual land value tax of 1.75% on urban land and 0.5% on rural land, applying only to the land and not to buildings.

Proposes rates of 28% up to NZ$50,000, 34% from NZ$50,001 to NZ$200,000, and 39% above NZ$200,000.

Set up a compulsory KiwiSaver 2.0, and raise the employee and employer contribution rates in steps to 6% each.

Return water supply, electricity, telecommunications, rail, shipping, ports and airports to public ownership.

Raise wages and job security, strengthen union rights, and recognise the value of unpaid work.

Shift more of the tax burden from wage income to wealth, and extend universal social welfare.

The party website lists policy categories including defence, the economy, education, health, housing, immigration, justice, tax, agriculture, the environment, foreign affairs and the Treaty of Waitangi.

Develop New Zealand's own fossil fuel and mineral resources, including the use of domestic refining facilities.

Reduce the size of the public service, and shift more spending to infrastructure.

The first NZ$25,000 of personal income would be tax free, and income tax would be removed from superannuation, student loans and benefits.

Argues for including environmental costs in economic decisions, developing a circular economy, local resilience and community projects, and measuring success by ecological health, social wellbeing and the treatment of animals.

Develop industrial hemp production for fibre, construction, nutrition, medicine and biofuel.