The Government's plan to impose GST on KiwiSaver fees is being labelled by some as a tax grab.

The move, which would kick in from April 2026, will give the Government an extra $225 million a year.

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

KiwiSaver provider Koura Wealth Managing Director Rupert Carlyon told Mike Hosking there's no need to do this.

He says there's no real reason to do this, but for some reason they've decided this is any easy way to make another couple of hundred million dollars a year.

LISTEN ABOVE

The Government's plan to impose GST on KiwiSaver fees is being labelled by some as a tax grab.
The move, which would kick in from April 2026, will give the Government an extra $225 million a year.
Modelling suggests it will raise fees and mean $103 billion fewer saved in accounts by 2070.
KiwiSaver provider Koura Wealth Managing Director Rupert Carlyon told Mike Hosking there's no need to do this.
He says there's no real reason to do this, but for some reason they've decided this is any easy way to make another couple of hundred million dollars a year.
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.