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Viewing entries tagged with 'KiwiSaver'

Is KiwiSaver a cannibal?

5 July 2010

If there was ever any doubt that KiwiSaver has been the saviour of New Zealand's retail funds management industry the latest quarterly figures from the trans-Tasman alliance of actuarial firms, Plan for Life and Eriksen & Associates, put that to rest.

KiwiSaver funds double with 1000 joining daily

1 July 2010

nvestors have $5.5 billion in KiwiSaver funds, more than double the amount a year ago, with 1000 new members joining every day, according to an investment strategist.  People put about $2.85b in contributions into KiwiSaver funds in the year to March, according to actuaries and investment strategists Eriksen and Plan For Life.

NZ ready for compulsory savings - NZX Chairman

18 June 2010

NZX chairman Andrew Harmos believes New Zealanders are "ready for some compulsion" in their savings.

Budget tax measures legislation enacted

28 May 2010

The legislation passed its final stages in Parliament on 21 May and received Royal assent on 27 May. For more information see the resulting Act published here.

Regulation not strangulation for KiwiSaver please

14 May 2010

An industry body argues the biggest risk to KiwiSaver is over-zealous regulation, rather than fund manager behaviour.

No tax on KiwiSaver first home subsidy

5 May 2010

Changes were made to the tax rules by Order in Council this week to allow the KiwiSaver first home deposit subsidy to be treated as a social assistance suspensory loan for tax purposes.

KiwiSaver engagement "vital"

3 May 2010

MEDIA RELEASE: Effective engagement with all KiwiSaver stakeholders in the face of further regulatory change is vital to the ongoing success of the scheme, according to Workplace Savings NZ, the voice of workplace savings.

Views sought on taxation of foreign funds in PIEs

14 April 2010

A tax policy issues paper released today seeks feedback on suggested changes to remove an anomaly that results in overseas investors being over-taxed when investing in New Zealand portfolio entities.  Submissions close on 4 June 2010.

Securities Commission - Guidance Note: KiwiSaver Distribution and Disclosure

24 March 2010

The Securities Commission today released their KiwiSaver Distribution & Disclosure guidance note.

Changes to tax on interest and PIE investments

24 March 2010

You may be affected by these changes.   The rates of tax you pay on interest earned from money in the bank and portfolio investment entity (PIE) investments are changing to align with the personal and company tax rate changes introduced in April 2009. These tax changes apply from 1 April 2010.