GST and fund fees: thank you for your service

Tax on savings is a fraught issue. (Image: Getty)

Wed, 04 Sep 2024

GST is a tax that keeps on giving. Or taking. Depends on your point of view.However, for niche financial services journalists, the long-running saga of GST and the funds' management food chain has been an all-you-can-eat gift.'Technical change' The story, which dates back to prehistory, even broke into the mainstream media in August 2022 when the then Labour government faced a backlash over plans to ‘stealth’ add the sales to tax to managed funds (including KiwiSaver) in the Taxation (Annual Rates for 2022–23,...

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