John Berry: Kiwisaver provider Pathfinder's CEO says GST tax tidy up is quite brutal
Early Edition with Ryan Bridge · Newstalk ZB
August 30, 20222m 56s
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Show Notes
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.
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Topics
BusinessKiwisaver Tax