Concerns about KiwiSaver creating inequity in the retired population would be better tackled by abolishing the scheme entirely than introducing new tax incentives to get people saving more, the working group considering the future of tax policy has been told. The Tax Working Group recently took submissions from the public on New Zealand’s tax system. […]
Category Archives: KiwiSaver Articles
Conservative attitude a bigger problem than fees: McLachlan
New Zealand’s fund management industry should do more to help shake Kiwis out of their too-conservative approach to investing, one KiwiSaver manager suggests. Bruce McLachlan, chief executive of Fisher Funds, said his firm’s modelling showed the optimal strategy for a mid-50s investor was to have 60% growth assets at 55 and more than 40% at […]
KiwiSaver rules for MPs – even if their scheme doesn’t exist any more
MPs including the Commerce Minister claim to be part of a scheme that was wound up five years ago. Good Returns checks out the latest register of pecuniary interests to find out where MPs have their money. If the working group pondering potential tax changes for New Zealand alters the incentives around KiwiSaver, most MPs […]
Call for KiwiSaver tax changes
Tax changes to KiwiSaver are needed to encourage New Zealanders to start saving enough for their retirements, an AFA has told the Tax Working Group. Drew Hoffman, an authorised financial adviser at Newton Ross, said New Zealanders were saving too little in KiwiSaver – and the lack of tax incentives on the scheme could be […]