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End ‘stealth taxes’ on savings

14 Aug 14 - NBR - Most people do not realise they are being overtaxed on their long- term savings through “stealth taxes” and politicians have little incentive to change that situation. The Fair Tax for Savers campaign aims to lift the covers off this.

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Fair tax for savers proposals would broadly pay for itself and boost household incomes by $400 million

2 Aug 14 - FSC Media Release - Expert advice received to date on a package of Fair Tax for Savers Campaign proposals could increase Government tax revenue overall – and deliver a $400 million income boost to savers.
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Consumers complacent about insurance

20 Jul 14 - Stuff.co.nz - People aren't shopping around enough for their house, contents and car insurance - Chris Curtin, chief executive of AA Insurance is pretty clear with that message.
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ANZ launches Oz super transfer service

12 Aug 14 - NZ Herald - Tamsyn Parker - ANZ bank has launched a new service to help Kiwis pool their retirement savings in Australia and bring the money back to their New Zealand KiwiSaver account.

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Peters unveils plan to transform KiwiSaver

10 Aug 14 - Stuff.co.nz - New Zealand First says it would extend KiwiSaver to newborns, and will allow people to use their funds for tertiary education of their family.

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Latest News

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Mary Holm: Labour's capital gains tax plan explained, Fair Tax for Savers

16 Aug 14 - NZ Herald - Mary Holm - Fair enough already? Q: I understand the workings of the effective tax rate on KiwiSaver. I don't understand why the Fair Tax for Savers campaign can argue the current system is wrong. Surely the same argument applies to a term deposit?

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Campaign to reduce tax on savings

1 Aug 14 - NZ Herald - KiwiSaver on average wage said to be losing $100,000 over 40 years through overtaxation.The Financial Services Council is looking to drum up popular support for a campaign to address what it says is the overtaxation of savings.

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Latest Comments

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Op-Ed Response Michael Littlewood’s once again wrong assumptions lead to wrong conclusions

21 Aug 14 - Peter Neilson, Convenor, Fair Tax for Savers Campaign | CEO, Financial Services Council (FSC).
Michael Littlewood has suggested that the Fair Tax for Savers Campaign proposals are unfair for everyone except the savings industry (Click here to view - Michael Littlewood: Fair tax for savers? Unfair for everyone else).  This is based on several assumptions:

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KiwiSaver: Top up before you hit 65 to get Govt cash

12 Aug 14 - NZ Herald - Helen Twose - Contribution must be made before reaching milestone to get the highest possible payment for that year.

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About us

The Financial Services Council (FSC) represents investment and life insurance companies in New Zealand. It has 21 investment and life insurance members and 18 associate members. 

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Ph: +64 (0) 4 473 8730 

Email: fsc@fsc.org.nz

PO Box 1514  
Wellington

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