Kiwis miss out on $400m

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 […]

CGT ‘could skew investment’

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 […]