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The latest personal finance and investment news and views from Liz Koh

Liz koh

Proposed Capital Gains Tax

The long-awaited final report of the Tax Working Group has been released and it proposes to cast a very wide net over investment assets to be taxed for capital gain. Government may choose to accept, reject, or modify the proposals contained in the report. As it stands, capital gains tax would apply to rental properties, land, business assets and shares. The family home and personal possessions would be excluded. The tax t...


Make March a Giving Month

March should really be a month of celebration and giving. We have Thanksgiving in October or November in some countries - a day of giving thanks for the harvest of the previous year - followed by Black Friday – the biggest shopping day of the year.  We have Christmas in December - a religious celebration combined with a custom of gift giving. These events are generally focussed on immediate family and friends. March sh...


The Side Hustle Strategy

It started out as a bit of a millennial thing, but now people of all ages are working on side hustles. A side hustle is side-line job or business that brings in cash in addition to your main source of income. People start side hustles for several reasons. The obvious one is to make more money so as to either spend more, save more or pay off debt. A side hustle can also be a way of trying out an idea for a business without...


Getting Your Tax Refund Just Got Easier

Every year, many people miss out on getting a tax refund simply because they hate filling out forms and dealing with Inland Revenue. Over recent years, several companies have sprung up to offer a service to such people so they can get a refund without having to do the work themselves. Often, the fees charged for what is a relatively simple process, have been a large proportion of the refund received. However, Inland Reven...


Plan to Divest Your Wealth

The interesting thing about people who accumulate significant wealth is that they are often not very good at spending it. Either that, or they have so much wealth they are unable to spend it all in their remaining life, despite their best efforts. Wealth accumulators have a different relationship with money than those who are better at spending. They value and respect money, they are not afraid of it, and their pleasure a...


Tips for a Fresh Start for the New Year

New Year’s resolutions are pretty universal for people in the developed world. Losing weight, and getting in good shape physically and financially are top of the list of goals. But as most of us know, setting goals and achieving them are two different things. The key to making things happen is to focus on your behaviours. Let’s face it, no-one ever lost weight by not changing their eating habits or their exercise regi...


Are your Kids Waiting for you to Die?

Guest post by Karen Piercy Mum visits New Zealand from the UK every year and usually pays for something large in our household before she leaves. The first year was a woodburner because the chimney sweep refused to certify the existing one in our old villa. Another year, a new washing machine, a front loader, much gentler on clothes than the old top loader used for my husband’s work shirts through to our farm gear. M...


Turn Volatility into Opportunity

KiwiSavers and investors are bemoaning the fall in value of their investments. Over the last few months, investment returns for balanced and growth portfolios have been negative, causing many to rethink their feelings about risk and return. It’s all very well to be an aggressive, risk-taking investor when share markets are rising, but the true test of your risk aversion comes when the market takes a tumble. After such a...


The Importance of Resilience

As we come to the close of another year, there are no doubt many people who are feeling glad the year is over. For some people, it would well have been the worst year of their lives, with everything imaginable having gone wrong. Death of loved ones, loss of a job, poor health, business failure, the end of a relationship – all manner of traumatic events are possibilities in any year and some people cop more than their fa...


Investment Strategy for KiwiSavers

Volatility is a new experience for KiwiSaver investors who have known nothing but stable markets in recent years. There will be plenty of opportunity over the next two or three years for nervous investors to make bad choices about how their funds are invested. There are two key principles for managing volatility. The first principle is, your investment in shares must be diversified to reduce risk. The second principle is...


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