KiwiSaver

QROPS rules put stop to mergers

Monday 28th of September 2015

It was reported last week that 12 members of Smartshares KiwiSaver face a tax bill of up to 55% if they move their money to the now NZX-owned SuperLife scheme.

NZX has written to Smartshares KiwiSaver members suggesting they transfer to the SuperLife KiwiSaver scheme, which it acquired this year.

But 12 will not be able to because they moved their money under the QROPS regime. Kiw...

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