The Government is increasing contribution rates to KiwiSaver, but at the same time reducing, and in some cases, removing the member tax credit. Key Points: Eligibility Extended to 16- and 17-year-olds: KiwiSaver Government contributions and employer matching will now be extended to 16- and 17-year-olds. Default Contribution Rate Increases from 3% to 4% by April […]
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Generate KiwiSaver customers most satisfied
Boutique providers have taken out the top spots in Consumer New Zealand’s KiwiSaver survey with Generate awarded People’s Choice. Boutique providers have taken out the top spots in Consumer New Zealand’s KiwiSaver survey with Generate awarded People’s Choice. Receiving a satisfaction rating of 80% Generate topped the survey, with customers liking the manager’s ease of […]
Milford’s KiwiSaver shines while ANZ enjoys a rare March qtr
Milford Asset Management’s KiwiSaver funds enjoyed a better performance than all other KiwiSaver funds in the March quarter but returns were generally poor, the latest Melville Jessup Weaver survey shows. Milford Asset Management’s KiwiSaver funds enjoyed a better performance than all other KiwiSaver funds in the March quarter but returns were generally poor, the latest […]
KiwiSaver or KiwiTaxer? The changes high on adviser wishlists
There remains no real incentive for clients to direct extra contributions into KiwiSaver, so long as New Zealand is still a global outlier in its choice of tax structure around retirement savings, according to one financial advisory firm leader. There remains no real incentive for clients to direct extra contributions into KiwiSaver, so long as […]