Westpac New Zealand today announced details of the Westpac KiwiSaver scheme, pledging to help businesses with the Government’s KiwiSaver initiative. The Westpac KiwiSaver scheme is designed and managed by BT Funds Management, (BT ) Westpac’s investment arm. Westpac New Zealand’s Head of Wealth Management, Tracey Berry said that, Westpac’s KiwiSaver solution is focussed on making […]
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Business tax cut: the golden goose tarnishes
“Post-budget, it’s becoming clearer that for some businesses, the tax cut in last week’s budget will be effectively wiped off the books, or at least substantially offset by the cost of KiwiSaver,” say Ernst & Young budget spokespeople Jo Doolan and Aaron Quintal.Ernst & Young is recommending businesses take steps to calculate the impact of […]
National votes against KiwiSaver
National today voted against the Budget legislation, underlining its opposition to the very initiatives that will help to build a stronger economy and a fairer society, Finance Minister Michael Cullen said today.”Last week it voted against the company tax rate cut, the employee tax credit for KiwiSaver, and a lower tax rate on savings vehicles. […]
SBS becomes KiwiSaver provider
The funds management and financial planning subsidiary of the Southland Building Society (SBS), Funds Administration New Zealand Limited (FANZ), has received Inland Revenue approval to become a KiwiSaver provider. [ | | | | ]