Banking & Insurance - June 22nd
Mortgage stress is defined as having to spend over a third (33%) of pre-tax household income on mortgage repayments. This means that high-income households can meet the definition of being in mortgage stress, even though they…
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Banking & Insurance - June 21st
PIE funds work exactly like term deposits, except the interest you earn can be taxed at a lower rate. These lower rates are called prescribed investor rates (PIRs): Annual Income Income Tax Rate PIR $15,601-$53,500 17.5%…
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Banking & Insurance - June 14th
Last year, as people refixed their home loans, the number of borrowers opting for short-term mortgage terms peaked. Higher floating rates saw a surge in popularity, too, as property owners banked on reduced rates in the…
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Banking & Insurance - March 27th
Traditionally, to buy stocks and shares, you had to use a broker and invest large sums. However, online share trading apps have removed those barriers, making it quick, simple and cheap for Kiwis to invest. Setting…
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Banking & Insurance - January 12th
What is a high interest savings account? High interest savings accounts typically offer higher rates of interest than traditional savings accounts, and break down into three main types: Instant access savings accounts These accounts offer instant…
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