Foreign Exchange Intervention

With talk of the NZ dollar being highly overvalued, the Reserve Bank has begun intervening in the foreign exchange markets. What does this mean for New Zealand and its currency?

Stocks near all-time highs

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15 December, 2006

For those that don't know yet, KiwiSaver is New Zealand's new voluntary retirement savings initiative. KiwiSaver helps people to build up a retirement fund by making regular contributions through their salaried pay. Since the KiwiSaver scheme will come into effect from the 1st of July 2007, now is a great time to visit the Government's KiwiSaver website to read up on how it will affect you.

update 23 April 2007:

There is some speculation that certain KiwiSaver tax incentives will be announced shortly. As is common in overseas savings plans, savers may be able to deduct their KiwiSaver contributions from their annual gross income, thus effectively lowering their general tax rate.