There is support for removing the annual $521 KiwiSaver member tax credit to fund lower tax rates for the scheme, the Financial Services Council says.
It has been lobbying for some time against what it says is preferential tax treatment for residential property investment compared to investment vehicles such as KiwiSaver.
One of the suggestions it has proposed is that the Government should reduce the tax levied on KiwiSaver accounts, and finance the move by removing the $521 tax credit currently paid to members who contribute at least twice that, in each year...MORE»
Thursday, April 17th, 6:00AM
Tax on KiwiSaver should be an election issue this year, the Financial Services Council says.MORE»
Monday, April 14th, 12:15PM
The Co-operative Bank is to start distributing Fisher Funds' KiwiSaver products even though rival bank TSB is a shareholder in the fund manager.MORE»
There are calls for a law change to provide clarity on what happens to a KiwiSaver account when someone is declared bankrupt.MORE»
The Law Retirement KiwiSaver Scheme (LRKS) which is managed by Diversified Wealth Management closed to new members on April 1.MORE»
ANZ Investments has received a silver rating for all of the multi-asset class funds in its three KiwiSaver schemes, from research house Morningstar.MORE»
KiwiSaver fees for the next round of default providers will be significantly lower than those charged at by the schemes at present, particularly for savers with smaller balances.MORE»
KiwiSaver funds’ fees stand in the way of them being given a gold rating in Morningstar’s research, its Australasia co-head of fund research says.MORE»