Press release: “We should brace ourselves for a game of KiwiSaver political hot potato, says Ernst & Young. National has refused to let taxpayers know whether they support the new turbocharged version of KiwiSaver – employer contributions – and it will seek to embarrass the Government in any way possible,” says Jo Doolan, Tax Director […]
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Take Kiwisaver pay reviews in two steps
Employers advised to take KiwiSaver pay reviews in two stepsMany employers in the middle of wage and salary reviews are finding they have to urgently re-work pay increases to accommodate the new compulsory KiwiSaver employer contributions, says David Lowe, Employment Services Manager for the Northern Employers and Manufacturers Association. “Many businesses work on a July […]
KiwiSaver fee subsidy, mortgage diversion rules enacted
Press releasePreparations for the 1 July introduction of KiwiSaver advanced today with the signing of an Order in Council that bring into effect both the annual fee subsidy to be paid to members and the rules governing the use of KiwiSaver to help repay the mortgage on the family home. “We welcome these legislative changes, […]
More KiwiSaver incentives required: Poll
Changes to KiwiSaver announced in this year’s Budget have turbo-charged the semi-sompulsory savings scheme, however they don’t go far enough. A poll of senior finance industry representatives conducted by Finsia, the Financial Services Institute of Australasia, reveals that majorty of respondent want more incentives in the scheme. Finsia says that 57% believe “that more incentives […]