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

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.