Originally Posted by
SBQ
No surprise here - I can assure you if you lived in Canada or in the US and had a CFP handling your investments, they would know exactly of your tax situation. I don't know why in NZ CFPs here will not give advice on taxation. It's almost like they're so useless to begin with yet the NZ FMA insists these groups of people need to be regulated by them when they offer little advice to begin with. I will tell you, if more widely knowledge in NZ was provided to investors into say Kiwi Saver or managed fund, you will find more and more would not bother and go with the investing in residential property way. What i've seen is the way shares and KS has been marketed in NZ, the complexities of it adds to it's appeal (maybe?).
$150 is cheap - I know accountants that charge $400/hr.
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