News

Australasian shares more tax efficient than cash

Wednesday 19th of September 2012

The KiwiSaver After-Tax Performance Survey revealed the Tax Cost Ratio –the amount of tax KiwiSaver funds pay on their assets – for all the default funds bar Mercer, which failed to submit its data by the Morningstar deadline.

The survey revealed default funds managed by AMP, ASB, AXA, OnePath and Tower paid between 1.30% and 1.92% of their assets in taxes.

Morningstar co-head of...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.