Your online guide to KiwiSaver, the Government superannuation scheme
One group that had a jubilant reaction to Thursday’s Budget was the life insurers whose products dominate the long term savings sector. And they has every right to be ecstatic- Michael Cullen has just naively delivered to them 4 million heads on a plate, Gareth Morgan addresses the issue.The saving public may well be seduced …
Continue reading “Party Time for the Life Insurers – at the public’s expense”
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 …
Continue reading “Westpac NZ takes the hassle out of Kiwisaver for NZ businesses”
“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 …
Continue reading “Business tax cut: the golden goose tarnishes”
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. …