An attempt to tidy up the GST charged on different investment products.

The Government is planning to impose GST on Kiwisaver fees, which will give it an extra $225 million a year.

Kiwisaver provider Pathfinder's Chief Executive John Berry told Kate Hawkesby unfortunately for investors, the tidy up is quite brutal.

Modelling suggests it will raise fees and mean $103 billion fewer saved in accounts by 2070.

LISTEN ABOVE

An attempt to tidy up the GST charged on different investment products.
The Government is planning to impose GST on Kiwisaver fees, which will give it an extra $225 million a year.
Kiwisaver provider Pathfinder's Chief Executive John Berry told Kate Hawkesby unfortunately for investors, the tidy up is quite brutal.
Modelling suggests it will raise fees and mean $103 billion fewer saved in accounts by 2070.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.