Family members will no longer be able to sign children up to KiwiSaver after refinements are made to the KiwiSaver scheme in the forthcoming tax bill. Currently anyone can sign-up a child under 18 to the retirement savings scheme, and once the child is working and earning an income, he or she has to contribute […]
Category Archives: KiwiSaver News
Fisher Funds growth fund tops KiwiSaver survey
With returns of 15.2% in the quarter and 20.3% in the past 12 months, Fisher Funds was the best performer in the two growth categories. The annual median growth fund return was 1.2% with a quarterly return of 10.8%, according to the survey. “In the last six months balanced and growth funds have pegged back […]
Super portability included in November tax bill
Legislation allowing New Zealanders returning home from Australia to bring their retirement savings with them will be introduced to Parliament in about two weeks, Finance Minister Bill English says. Providing the necessary law changes are made in Australia, it is envisaged the new arrangements will take effect in the second half of next year. Currently, […]
KiwiSaver members reach almost 1.2m
KiwiSaver membership reached almost 1.2 million people in its second year, a growth of 54%, according to figures released by the Inland Revenue Department (IRD). “We saw KiwiSaver’s membership reach almost 1.2 million people (1,189,597 as at end of September, 2009), with growth of 54% in that second year,’” Revenue Minister Peter Dunne says. […]