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Kiwis Can Hold Diversified Growth Funds, From Multiple Managers, In A Single KiwiSaver Portfolio.

Wednesday, 14 July 2021, 2:38 pm
Innovative online savings platform InvestNow has knocked
back claims that the current ‘single scheme’ KiwiSaver
rule limits member choice.
Mike Heath, InvestNow
General Manager, said recent media comments alleging the
current law restricting KiwiSaver members to one scheme is
‘incredibly bad practice’ misses an important
development in the sector.
“At InvestNow we’ve
solved what some media commentators are calling a flaw in
the design of KiwiSaver that restricts diversification by
preventing members from joining more than one scheme,”
Heath said. “By applying our existing platform technology,
Kiwis don’t have to have all their KiwiSaver eggs in one ....

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Banks may target family trusts of loan guarantors

Banks may target family trusts of loan guarantors
Synopsis
Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their companies, such as in bankruptcies. Neither lenders nor agencies such as the Enforcement Directorate or income tax department have been able to penetrate these asset protection trusts.
Banks and business promoters are seeking legal opinion to figure out if lenders could recover money and assets parked inside family trusts, following a recent Supreme Court ruling on personal guarantors. The SC ruling said personal guarantors of loans are liable in insolvency cases. This means creditors can initiate proceedings against personal guarantors of corporate debt. ....

Supreme Court , Tsc Ruling , Loan Guarantors , Legal Opinion , Family Trusts , உச்ச நீதிமன்றம் , சட்டப்பூர்வமானது கருத்து , குடும்பம் அறக்கட்டளைகள் ,

Personal & Trust Tax Senior job with AJ Chambers

Personal & Trust Tax Senior job with AJ Chambers
accountancyage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountancyage.com Daily Mail and Mail on Sunday newspapers.

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Banks go after promoter trusts of firms having stressed loans

Banks go after promoter trusts of firms having stressed loans
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Synopsis
In the last few weeks, top banks have been making inquiries in certain cases where businesses have been hit hard by Covid and they even sought additional guarantees to de-risk their loans, say insiders. Even in sales, where promoters are seeking additional loans, the lenders are asking for more collateral or guarantees.
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This comes at a time when several promoters have started creating asset protection trusts where they are parking some of their assets which cannot be touched by any bank or investigating agency in case of a default. ....

Sandeep Nerlekar , Family Trusts , Co Vid , Additional Guarantees , சந்தீப் நேரிலேக்ககர் , குடும்பம் அறக்கட்டளைகள் , இணை வித் ,

Consider property and death tax rates first in border shifting

Dear Marc:
I appreciate your op-ed regarding expanding the state of Idaho to include much of western Oregon. However, there are two significant factors that I feel you failed to address. Property taxes in the state of Oregon have been frozen since the property tax revolt / initiatives of 1990 and 1992. My property taxes stayed at $14/thousand valuation since that time, until the recreation district was passed in Ontario, which raised my taxes to about $15/thousand. Oregon property taxes cannot be changed by the Legislature. They can only be changed by a vote of the people. This is part of the original Oregon State constitution. I have friends in Fruitland that are assessed at $22/thousand, and their property taxes can be changed at the whim of the Legislature at any time. If my property in Oregon becomes property in Idaho, my property taxes would increases by 50%, which is absurd. ....

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