The FSC is reminding KiwiSaver members they have less than a fortnight to top up their accounts to get the maximum member tax credit this year. Those who put at least $1042 in their accounts each year to the end of June receive the maximum $521 credit from the Government. FSC chief executive Peter Neilson […]
Category Archives: KiwiSaver Articles
Mercer combines schemes
Mercer has been given approval to combine its two KiwiSaver schemes into one. Managing director Martin Lewington said the FMA had agreed to it transferring its Mercer Super Trust KiwiSaver scheme members into the Mercer KiwiSaver scheme. “Combining our two KiwiSaver schemes ensures our KiwiSaver members have access to the best possible products and services […]
IRD goes in to bat for QROPS status
IRD says it expects to reach a resolution with its British counterpart soon, after KiwiSaver schemes were removed from its list of recognised overseas pension schemes. New British legislation, which came in at the beginning of April, means any scheme that has qualifying registered overseas pension scheme (QROPS) status must not allow members to make […]
Budget change a headache for providers
Axing of the $1000 kickstart payment for KiwiSaver has been a headache for providers. The Government announced in its Budget this year that it would no longer offer the kickstart, effective immediately. It gave providers less than two months to update their marketing material and other documentation to reflect the changes. Brian Henry, managing director […]