The Facts on Kiwisaver Plans
13 October 2008
Forget the rhetoric; let's look at the facts. The National Party's plans for KiwiSaver would leave some better off, some worse off, some weighing up pros and cons – and more people in the scheme.
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4 Oct 2008: The shocking fall in the markets this week are a necessary step on the road to recovery and one day there will be bargains to be had. However, I fear there is still worse to come. I like to say that a hangover normally reflects the extent of the party and in financial terms, the markets have been on a real binge for several years.... more
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| Tax Cuts Bring Kiwisaver Into Reach For Many |
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27 Sep 2008: The "I can't afford KiwiSaver" excuse is about to get weaker for many New Zealanders. Tax cuts come into effect from October 1, and many families will also benefit from changes to the Working for Families tax credit and income threshold. The extra money will cover at least half of many people's KiwiSaver contributions, sometimes more.
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20 Sep 2008: How will we know when the credit crisis is over? Every day there seems to be a new disaster, with billions of dollars being written off, finance companies failing, banks under pressure and now a jump in mortgagee sales. ... more
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6 Sep 2008: On September 11 this year, the Reserve Bank will slash the official cash rate by 50 basis points to 7.50%. Within 12 months, it will have cut the rate to just 5.75%.... more
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| Is Saving Always Good? |
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30 Aug 2008: In some circles, saving has a bad name. People think it’s about deprivation – "I either save or I spend, and spending is more fun."... more
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23 Aug 2008: A colleague of mine recently returned from Zimbabwe, where he had been assisting with monitoring of the election there. He showed me a bank note and I must admit it was impressive to hold something with a value of Z$50b (that's Z$50,000,000,000!). ... more
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9 Aug 2008: Over the past six months I have varied my opinion about the seriousness of the world financial situation from moderately bad to terrible to 'muddle through'. Right now I am steering back to a 'terrible' viewpoint based on the continuation of bad news relating to international liquidity. ... more
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