Latest news with #TerryBaucher
RNZ News
03-07-2025
- Business
- RNZ News
IRD using 'stand over tactics' for student loan repayments
Some former students now living overseas have told Checkpoint they are too scared to come home because they could be arrested for being behind in payments, with heavy penalties adding up. Students loans are interest free unless people head off shore for more than 6 months. In April the interest rate went up to 4.9% and the late payment interest rate for all borrowers is 8.9%. IRD emailed more than three and half thousand student loan defaulters earlier this year warning them they are being monitored, and could face additional enforcement including arrest at the border. One expert doesnt think IRD's tactics are working. Tax specialist Terry Baucher spoke to Lisa Owen.
RNZ News
23-05-2025
- Business
- RNZ News
Tax expert on the Govt changes to Kiwisaver in Budget
The government is halving its contribution to Kiwisaver shifting the financial load onto business. The change will be phased. At the moment people over 18 can get up to $521 in government contributions if they contribute $1040 dollars per year themselves. That will drop to just over $260 of government contributions. People earning over a $180,000 a year will get nothing. Tax expert Terry Baucher spoke to Lisa Owen. Tags: To embed this content on your own webpage, cut and paste the following: See terms of use.
