Another politician not doing their research. The top Prescribed Investor Rate (PIR) is 28% and not all returns are taxed. For the 12 months ended 31/03/26 my KiwiSaver Balanced-Growth Funds (50/50) had a combined return 11.07% and a dollar gain of $15,932. Based on my PIR of 10.5% and according to Acts' calculations I should have paid PIE tax of $1,532. The PIE tax I actually paid was $159. I could go on but I won't.

Kiwisaver scheme definitely needs an overhaul, and this is a good start. To further incentivise Kiwisaver, contributions could be tax-free but put a cap. Say, for income up to $100k or $120k (with periodic review).

Thankyou to a great leader in the ethical and responsible investing world. The world is a better place because of your work in it.

Josh, a very kind, and supportive person from when he began in NZ as a BDM to most recent, always offering encouragement and support to everyone. You will be, and are already very much missed my friend, go in peace, and we will share some good times again one day. Condolances to Josh's Family, friends, and colleagues. Geoff Peterson

Josh was a top man - Fortunate to share his journey at FID - Kua hinga te tōtara o Te Waonui a Tāne’ (the tōtara in the great forest of Tāne has fallen).