Tax Working Group

Proposed Capital Gains Tax

The long-awaited final report of the Tax Working Group has been released and it proposes to cast a very wide net over investment assets to be taxed for capital gain. Government may choose to accept, reject, or modify the proposals contained in the report. As it stands, capital gains tax would apply to rental properties, […]

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Give to Others

Make March a Giving Month

March should really be a month of celebration and giving. We have Thanksgiving in October or November in some countries – a day of giving thanks for the harvest of the previous year – followed by Black Friday – the biggest shopping day of the year.  We have Christmas in December – a religious celebration […]

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Side Hustle

The Side Hustle Strategy

It started out as a bit of a millennial thing, but now people of all ages are working on side hustles. A side hustle is side-line job or business that brings in cash in addition to your main source of income. People start side hustles for several reasons. The obvious one is to make more […]

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Tax Refund

Getting Your Tax Refund Just Got Easier

Every year, many people miss out on getting a tax refund simply because they hate filling out forms and dealing with Inland Revenue. Over recent years, several companies have sprung up to offer a service to such people so they can get a refund without having to do the work themselves. Often, the fees charged […]

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Divest Your Wealth

Plan to Divest Your Wealth

The interesting thing about people who accumulate significant wealth is that they are often not very good at spending it. Either that, or they have so much wealth they are unable to spend it all in their remaining life, despite their best efforts. Wealth accumulators have a different relationship with money than those who are […]

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Fresh Start for New Year

Tips for a Fresh Start for the New Year

New Year’s resolutions are pretty universal for people in the developed world. Losing weight, and getting in good shape physically and financially are top of the list of goals. But as most of us know, setting goals and achieving them are two different things. The key to making things happen is to focus on your […]

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Waiting to Die

Are your Kids Waiting for you to Die?

Guest post by Karen Piercy Mum visits New Zealand from the UK every year and usually pays for something large in our household before she leaves. The first year was a woodburner because the chimney sweep refused to certify the existing one in our old villa. Another year, a new washing machine, a front loader, […]

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Volatility Opportunity

Turn Volatility into Opportunity

KiwiSavers and investors are bemoaning the fall in value of their investments. Over the last few months, investment returns for balanced and growth portfolios have been negative, causing many to rethink their feelings about risk and return. It’s all very well to be an aggressive, risk-taking investor when share markets are rising, but the true […]

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Resilience

The Importance of Resilience

As we come to the close of another year, there are no doubt many people who are feeling glad the year is over. For some people, it would well have been the worst year of their lives, with everything imaginable having gone wrong. Death of loved ones, loss of a job, poor health, business failure, […]

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Investment Strategy KiwiSaver

Investment Strategy for KiwiSavers

Volatility is a new experience for KiwiSaver investors who have known nothing but stable markets in recent years. There will be plenty of opportunity over the next two or three years for nervous investors to make bad choices about how their funds are invested. There are two key principles for managing volatility. The first principle […]

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FIRE

Financial Independence, Retire Early (FIRE)

It seems millennials don’t wish to get sucked into the rat race the way their parents did. The FIRE movement (Financial Independence, Retire Early) is literally setting the world alight. FIRE is allowing people to retire as early as their mid-thirties. So how does it work? Early retirement is achieved by living life frugally, permanently. […]

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Borrow to Invest

Borrowing to Invest

There’s never been a cheaper time to borrow money, with some banks having dropped their mortgage interest rates below 4%. Rates this low make it very tempting to borrow more to buy a bigger house, add an extension, take an overseas trip, or trade in the car for a newer model. While borrowing to spend […]

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