Please consider signing our petition to Parliament
Hi neighbours,
Would appreciate it if you would consider signing a petition to Parliament. You may have recently seen some media coverage in RNZ and Stuff, regarding a petition to change the rules regarding KiwiSaver closures for New Zealand resident US citizen children.
As you may know, whilst KiwiSaver can certainly be a financially sound investment for US citizen adults, it can sometimes create difficulties for US citizen children due to the tax rules in force between the two countries. These require even children to report on their (modest) Kiwisaver accounts, but the cost of this required reporting is hundreds (if not thousands) of dollars every year.
My kids (who are dual US/NZ citizens) have been caught up in this loophole, but when I asked to close their accounts - even offering to give up any claim to the small amount of money that is in there - my request was rejected. This means that we either have to spend thousands of dollars to be compliant with tax reporting regulations, risk tens of thousands of dollars in penalties for not reporting, or give up the kids' US citizenship.
The petition asks Parliament to amend the KiwiSaver Act, to permit under-18s with dual US/NZ tax residency to close their KiwiSaver accounts and thus end reporting requirements.
The link to the petition can be found below:
www.parliament.nz...
Thanks so much for considering it!
$50 garden centre vouchers!
Our winners this week have won $50 to spend at a local garden centre.
Congratulations to:
Cassie Arauzo from Cockle Bay
Elizabeth Williams from Hillcrest
Luke Shamy from Hornby
Mitchell Hopping from Wallacetown
Get in touch with our helpdesk team here if you're on this list! If you're not a winner, check back next week just in case.
Poll: What special qualities should a 5-star New Zealand airport hotel at our largest international airport have?
Te Arikinui Pullman Auckland Airport is New Zealand’s only 5-star airport hotel, given its incredibly close proximity to the airport, the convenience of walking to the airport is a major highlight but there are plenty of other features that make it special.
-
5% Unmatched runway views with a private lounge
-
45.6% Exceptional service from arrival to departure
-
5% Gourmet dining featuring New Zealand's finest, celebrating Te Ao Māori kai
-
37.7% A soundproof oasis with all desired amenities
-
6.7% Māori culture reflected throughout, creating an architectural marvel
Be Loved this Spring! Reduced fee dog adoptions at SPCA start today
From 5-20 October only, SPCA dog and puppy adoption fees are 25% off. Plus, every dog adopter gets a free Simparica Trio flea, tick & worm treatment, and discount voucher.
We have more than 300 adoption-ready dogs and puppies nationwide, waiting for their happy forever after.
Visit www.spca.nz... to start your journey together.
Loading…
