No tricks behind KiwiSaver doubling of money. A reader has “one or two problems” with my last column, in which I said people are silly not to sign up to KiwiSaver. “Your comments that ‘twice as much comes out at retirement’ and ‘triple the money in, triple the money out’… make one huge assumption — that the provider the investor chooses over time does not lose any money — a highly unlikely scenario surely!”, says the reader.
Q&As: Super saver, 19, might be best to stay out of the rental market unless his parents have deep pockets; Former landlord tells his nightmare story; Is it good for New Zealand when our young take off on their OE?
Readers respond on KiwiSaver tax breaks. Three readers were unhappy with my last column, in which I said the KiwiSaver tax breaks expected in the upcoming Budget will benefit only some people, at the expense of New Zealand as a whole.
From the Mailbox. A mortgage-free couple wonder how to use the equity in their home.
Q&As: Have you got what it takes to borrow to invest in a share fund?; How frequent traders in international shares will be taxed under the new rules; How Inland Revenue might catch property traders.
Q&As: Are home equity release (HER) schemes — which lend to retired people with homes but little income — a rip-off?; Sentinel defends its HER schemes, but they are still expensive compared with possible alternatives. Also: Seeking your questions about KiwiSaver.
Q&As: Options for a newly retired couple with $200,000 and no home include part-time work, buying a home with a flat attached, an interest-only mortgage and equity release; Two Q&As on which investments are affected by the new tax law on international shares, and how it will work for investors.
Q&As: Two on why many rental property investors should pay tax on their gains when they sell. It’s the law!; How to teach teens about budgeting; Allowing for tax when calculating returns on term deposits.