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ANZ Investments says KiwiSaver members missed out on $400 million in member tax credits from the Government in the last year. Each year, the Government will provide up to $521 as a Member Tax Credit to every KiwiSaver member who contributes a minimum $1042 in the year to June 30. ANZ Wealth New Zealand managing […]

KiwiSaver advice does not need to be particularly time consuming for financial advisers, one provider says. Many advisers have said it is hard to make a living from KiwiSaver, and the amount of time spent on helping clients with the Government savings scheme was not reflected in the commission they would earn. Advisers get, on […]

Labour’s proposal to apply a capital gains tax to investments in shares – unless they are part of KiwiSaver – could encourage people to move out of more liquid investments, one fund manager says. David Cunliffe told media yesterday that the 15% capital gains tax his party is proposing would not apply to KiwiSaver but […]

Governments need to stop tinkering with KiwiSaver, one banking commentator says. Claire Matthews, of Massey University, said it was disappointing to see National proposing further changes to the scheme. It announced last week it would  increase the amount of money available as a deposit subsidy to first-home buyers purchasing a new home, and allow them […]