John Berry: Kiwisaver provider Pathfinder's CEO says GST tax tidy up is quite brutal

Early Edition with Ryan Bridge · Aug 30, 2022 · 2m

An attempt to tidy up the GST charged on different investment products.

The Government is planning to impose GST on Kiwisaver fees, which will give it an extra $225 million a year.

Kiwisaver provider Pathfinder's Chief Executive John Berry told Kate Hawkesby unfortunately for investors, the tidy up is quite brutal.

Modelling suggests it will raise fees and mean $103 billion fewer saved in accounts by 2070.

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