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Inland Revenue needs to acknowledge that over-charging KiwiSaver members tax is a bigger problem than some not paying enough, one adviser says. It was revealed this week that IRD had determined 450,000 people were paying the wrong rate of tax on their KiwiSaver accounts and other managed funds. It had written to at least 120,000 […]

KiwiSaver members will now see their projected savings for retirement and the likely weekly income it will provide on their annual statements, Commerce and Consumer Affairs Minister Kris Faafoi says. “By making this information easily available New Zealanders will be able to see whether they are on track for the kind of retirement they want […]

Research showing many New Zealanders are not on track for retirement proves the need for advisers, ASB says. Almost half of New Zealanders responding to the latest ASB KiwiSaver Survey thought they should be saving more than 10% of their income to fund their retirements but only 22% were doing so. ASB head of KiwiSaver […]

New data from the Financial Services Council shows New Zealanders now have nearly $60 million in their KiwiSaver accounts. The FSC said the total pool was now $58.53b, up $1.26b over the last quarter and 16.5 per cent in a year. “The growth of the KiwiSaver pie is very encouraging news for New Zealanders, as […]