LIFE INSURANCE TAX CHANGES

From 1 July 2010 we will all have to pay extra for our life insurance, as the Government’s latest tax changes makes life insurance companies pay the same rate of corporation taxes as other industries. The life insurance company that you have your insurances placed with now, who may have been the best deal previously, therefore may not be your most cost effective insurance provider going forward.

Is it time for you to look at your insurances? Read More ...

The Government pays a tax credit subsidy of up to $1,042 p.a. to match your personal KiwiSaver contributions in each KiwiSaver year, from 1 July to 30 June of the following year. If your total KiwiSaver contributions fall below $1,042 for the year, you will only receive a tax credit matching your personal contribution amount, not the full amount. Read more ...

INVESTOR'S TAX CHANGES 

The recently passed Taxation (Consequential Rate Alignment and Remedial Matters) Bill will introduce new legislation on 1 April 2010 providing some welcome tax relief for low-income investors, but only if they take the initiative to look out for themselves. Read more ...

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