The former head of a Government advisory group on tax says further changes are needed to boost New Zealanders savings.
Bob Buckle from the Tax Working Group says tax changes in the Budget will help lift savings but are not enough.
He says property investors still benefit from tax-free gains while savers are pushed into higher tax brackets as inflation rises.
Professor Buckle says one answer is to follow Australia and bring in tax breaks on deposits.
The Minister of Revenue, Peter Dunne, says the Government is thinking about the matter raised by Professor Buckle.
The Tax Working Group disbanded after its report to the Government last December.