Here’s a common problem that hits many retirees. Spending.
Retirees work their whole life to reach this point, then can sometimes let fear and anxiety crash the retirement party.
Trust laws have changed, and the new 39% trust tax bracket might make decisions surrounding trusts a lot harder, especially for ‘mum and dad’ trustees, settlors, and beneficiaries.
A major drawback of KiwiSaver is the fiddling and tinkering to it which has occurred since it began. Here we explain the narrowly-avoided KiwiSaver tax.