Who ate all the PIE

Advantage, point, match, game over for some investors as new tax laws come in to play April Fools day of this year. The Taxation Act 2009 introduces changes to align RWT rates on interest with recent changes to personal tax rates and the company tax rates, and alignment of PIE tax rates with personal tax rates.
GoodReturns.co.nz quotes Paul Mersi, PricewaterhouseCoopers financial services partner, saying: "The changes are totally logical and consistent with the new personal tax rates; it's just that they're late, so that means some people in this interim year are advantaged or disadvantaged by the lateness."
The announcement has been made early so banks and other financial institutions can get their ducks in a row. If you are concerned or want to check your situation with Wayne or Scott, drop them a line or phone in to understand your set up today.