Mary Holm https://maryholm.com NZ’s most trusted personal finance journalist Fri, 12 Apr 2019 12:00:45 +0000 en-NZ hourly 1 https://wordpress.org/?v=5.0.3 NZ Herald 13 April 2019 https://maryholm.com/nz-herald-13-april-2019/ Fri, 12 Apr 2019 12:00:45 +0000 https://maryholm.com/?p=9211 Q&As Why non-KiwiSavers 60–64 should join before July 1 Returns the same no matter how couple splits KiwiSaver contributions Children get tax advantage in KiwiSaver Why KiwiSaver is good for kids despite drawbacks CGT would apply only to gains after 2021 QI am already in a retirement scheme where my employer, the Ministry of Education, is paying a contribution. I am in the 60–64 age bracket.

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NZ Herald 6 April 2019 https://maryholm.com/nz-herald-6-april-2019/ Fri, 05 Apr 2019 11:00:38 +0000 https://maryholm.com/?p=9193 Q&As House price fall not bad news for everyone No thanks, Pete, I’ll skip your offer Long-term landlord could lose nearly a third of value under CGT Why the fuss, property investors? Landlord happy to accept CGT I misread last week’s letter, but the point is unchanged QWatch our real estate market now begin a downward spiral. Severely reduced sales, caused in my opinion by the government...

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RNZ Radio 4 April 2019 https://maryholm.com/rnz-radio-4-april-2019/ Thu, 04 Apr 2019 02:14:21 +0000 https://maryholm.com/?p=9189 Changes to KiwiSaver — more contribution choices, 65-plusers welcomed, action needed! April 1 changes: new contribution rates, shorter contributions holidays, new names July 1 changes: over 65s can join, 5-year lock-in ends Action now!: 60–64-year-olds should join fast, everyone should get $1042 into their account Should you contribute more to KiwiSaver? Listen to the segment below...

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NZ Herald 30 March 2019 https://maryholm.com/nz-herald-30-march-2019/ Fri, 29 Mar 2019 11:00:55 +0000 https://maryholm.com/?p=9170 Q&As Dad misunderstands how best to contribute to children’s KiwiSaver accounts KiwiSaver, 24, wonders whether to aim at first home or retirement money How we blew our chance to adjust taxes for inflation Further thoughts on inflation and the capital gains tax Suggestion to ‘Caravan woman’ that she sells at least one rental property QMy wife and I have four kids aged from six down to our wee...

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NZ Herald 23 March 2019 https://maryholm.com/nz-herald-23-march-2019/ Fri, 22 Mar 2019 11:00:03 +0000 https://maryholm.com/?p=9142 Q&As 54-year-old’s plan to take off in caravan gets a big tick People using homes partly for business caught by tax proposals How do the wealthy hide income? How CGT would affect 40 and 60-year-olds in KiwiSaver… … And those in retirement QIn July I will be 54 and mortgage-free on two properties. Between them they have a value of $1.25 million and I aim to rent them out for $500 a week each.

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RNZ Radio 21 March 2019 https://maryholm.com/rnz-radio-21-march-2019/ Thu, 21 Mar 2019 02:19:44 +0000 https://maryholm.com/?p=9155 Rainy Day Money Why is it so important? How much do you need? How might you access the money — including through your mortgage Where should you keep the money — if you haven’t got a mortgage Listen to the segment below, or click here to read Radio NZ’s summary. You can listen to these sessions as podcasts. Subscribe free to Mary’s RNZ podcast here. Mary Holm is a freelance journalist...

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NZ Herald 16 March 2019 https://maryholm.com/nz-herald-16-march-2019/ Fri, 15 Mar 2019 11:00:40 +0000 https://maryholm.com/?p=9132 Q&As It’s great if you pay more tax than you get back Why should I bother to save?, readers asks How tax proposals would affect KiwiSaver — and rule of thumb for retirement spending Reader thinks CGT should decrease the longer you hold an asset A note about your questions about tax QYour correspondence last week about fairness and the tax system finally inspired me to write in. As I see it...

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NZ Herald 9 March 2019 https://maryholm.com/nz-herald-9-march-2019/ Fri, 08 Mar 2019 11:00:14 +0000 https://maryholm.com/?p=9127 Q&As Man with terminal illness should simplify investments as much as possible Several ways to look at NZ tax burden Bach owner should stop worrying about proposed tax Mortgage interest on holiday home would not be deductible Have you got questions about tax report? QI’ve just turned 60 and I was planning on working till around 65 years of age. Unfortunately I have been diagnosed with...

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RNZ Radio 7 March 2019 https://maryholm.com/rnz-radio-7-march-2019/ Thu, 07 Mar 2019 02:10:36 +0000 https://maryholm.com/?p=9124 When Couples Differ Over Money A very important issue Different attitudes to money Coming into a relationship with different amounts of money Listen to the segment below, or click here to read Radio NZ’s summary. You can listen to these sessions as podcasts. Subscribe free to Mary’s RNZ podcast here. Mary Holm is a freelance journalist, a director of the Financial Markets Authority and...

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NZ Herald 2 March 2019 https://maryholm.com/nz-herald-2-march-2019/ Fri, 01 Mar 2019 11:00:01 +0000 https://maryholm.com/?p=9096 Q&As Capital gains tax on second homes would be based on gains from April 2020 New tax would reduce income inequality The right adviser could help readers decide whether to sell rental It would be great if online tool showed ethics of companies QFor many of us the proposed capital gains tax on the second home will be a hot topic, especially for those who invested in a second home years ago to...

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