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Listing all posts with label Budget 2011. Show all posts.
  1. In a pre-budget speech the Prime Minister, John Key, spoke of reducing the KiwiSaver Member Tax Credits but retaining the $1,000 Kick Start.  KiwiSaver members and employees would be expected to contribute more rather than relying on the Member Tax Credits which are up to $1042.86 ($20 a week) each year.  These are paid by the Government to the individual’s scheme.

     “None of the changes we will be making will affect people before the election so New Zealanders will be voting with all the information they need and can make their own choices”.

    The Working for Families programme and the student loan scheme are all set for a trim in the May 19 Budget.  The Budget would contain “significant savings, but will by no means be a slash and burn Budget.”

    The student loan scheme would also be in for adjustment but would remain interest-free.

    "The changes we are making in the budget will make all of these programmes more affordable and ensure they survive into the future," Mr Key stated. 


As an Authorised Financial Adviser in Christchurch Lyn Bell has passed the requirements of the Financial Markets Authority and is legally qualified to provide financial services to her clients throughout New Zealand.  

Lyn’s registration can be viewed at www.fspr.govt.nz. Lyn can also be found at the Financial Markets Authority website.

A disclosure statement is available free on request



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While every care has been taken to supply accurate information, errors and omissions may occur. Accordingly, Lyn Bell & Associates accepts no responsibility for any loss caused as a result of any person relying on the information supplied.