Your online guide to KiwiSaver, the Government superannuation scheme
As the KiwiSaver infrastructure matures the range of offerings available to KiwiSaver investors will grow, and will eventually include absolute return and alternative investment products such as hedge funds. Press Release “A 2004 report presented to the New Zealand Superannuation Fund by Eriksen and Associates recommended an increase in the benchmark weighting to alternative assets,” …
Continue reading “Absolute return funds will have a place in KiwiSaver portfolios.”
Revenue Minister Peter Dunne has re-emphasized employers’ obligations under the KiwiSaver superannuation scheme, following concern expressed in a letter to the editor in today’s DominionPost. Press Release In the letter, the writer says he is a job seeker who was told by a reputable retailer that KiwiSaver is a voluntary scheme but the company’s staff …
Continue reading “Employers’ KiwiSaver obligations clarified”
Government will pump an estimated $3 to 4.5 billion a year into KiwiSaver members’ accounts, which is effectively a tax cut reserved only for those who can afford to take it up. Press Release The chief executive of the Northern Employers & Manufacturers Association Alasdair Thompson says taxpayers who cannot afford to save in the …
Continue reading “KiwiSaver a 3-4.5 billion dollar tax cut by any other name”
The government will remedy a technical problem in the KiwiSaver legislation to ensure the smooth introduction of the new member tax credit, Finance Minister Michael Cullen and Revenue Minister Peter Dunne announced today. Press Release As announced in Budget 2007, people who join KiwiSaver will be entitled to a tax credit that matches their contributions …