Financial Tips & Guides
BNZ’s Classic ‘specials’ require customers to have at least 20% equity in the property provided as security. (For residential property investors, more equity may be required where Reserve Bank minimum equity restrictions apply.) A BNZ transactional account with the customer’s salary or wages credited and Read More …
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Nearly a million Kiwis have paid too much tax on their investments including KiwiSaver – money that won’t be paid back. The Inland Revenue has updated figures and found 950,000 people were on a prescribed investor rate that was too high in the last tax Read More …
There’s also a serious problem with the terms of Hisco’s removal. He’s forfeited over $6m of ANZ equity, indicating the seriousness of the expense issues. Yet he gets $2m of salary and holiday pay. Why? Does that money belong to the shareholders?
You are not doomed to deposit accounts! Whether you have a small or a high income, we have identified several ways to invest in rewarding schemes this month. With the complexity and even the multiplicity of investment opportunities these days, making the right investment choices Read More …
The Government is allocating more funding to new initiatives in Budget 2019 than it planned to six months ago. It has set aside a net average of $3.8 billion per year for new operational spending over the next four years. Treasury’s Half Year Update, released Read More …
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The central bank released its six-monthly report on Financial Stability this morning and said while the New Zealand financial system remains resilient to economic risks it still had concerns. “Financial system risks remain elevated, and ongoing effort is necessary to bolster system soundness and efficiency,” Read More …
There was an unexplained link between how far you live from the equator, and how fast you pay your bills, said Simon Bligh, chief executive of credit reporting company Illion.
This news comes after the deadline for submissions on the Reserve Bank’s proposals to increase banks’ regulatory capital requirements closed on Friday, as the biggest review of New Zealand banks’ capital requirements ever undertaken nears its conclusion.
To millennials, it’s an average personal net worth of US$1.9 million (NZ$2.9 million), according to Charles Schwab’s 2019 Modern Wealth Survey, which polled 1000 Americans about money. This nearly US$2m target number is roughly 20 times the median net worth of US households – US$97,300, Read More …
Between filing your tax returns and working with your business bookkeeper to tidy up the financial year, there might not be a lot of time to see what else is happening globally in the financial department. That’s why we’ve put together some of the big Read More …