Page 19 Advertisements Column 1

Press, 24 September 1988, Page 19

1 irwibm |k ■9 1. t 7mfli II I : s I P a IK"i . Z <z q < I I >HP „ 4' * SHE x; ; \ • . . i ,JWI -1 W _ v . : ml WaMite. *. Hbl - IwSSWjt /< . R H'' * SS wWt Er WLI iMB v\ x' S ; gggg f ' ' •fc >v-. . g|| '■'■•, >..•■’■’ : -.|:l P ■.;.> . ,^. z .. '--'M ■'t > * ■-.<*;3/; ' Ik - -w ' ’>®'>' I ■/1 ’ - W- 'I /z s - r r * f > ’’ - ; ® cjktr ®x >;JK'cO ■ II * ' WM I Bk- *^v ? ijiW I K Xf? ' 'IU '«OwIKL ' ~ ’9l I H. > w I i M z y zlz <R : Mjl y , - ; 7 -*3^ r '■ W ■ ■«i^'W ;:; ' v.i s w J>. z gr ../’; -%S-.. ' : '5?'W 7 <>:. , 7 ■.■ z . ' . . ■... — _^^. a< ..e «s ;r ' ■ '■ .-ii. ■■'.■'■ -'..•' : : 'K ■ ' "vj ..< . ■ \ i i*' ■,t.\ ■. - sJi| si ir v- ■«»’*■■ . ; x x,. . EMI J • V\ :... ; W ■ -. ZF " ; “ X' : / , W<,g-». y ■ ■/■> ■>•-.■,>.•„•-. - Z H‘ X z < /«7-z>f . - - _ \ • , 7,\ _ ■ — S Z "w/ z tZtZ SSHHHHSHHS MBS K Sb as IS //z y> iMMmIBIIIMMPm || Z/ * mw • SMB WIa * &x ‘ *' w Jt* x * + 'W?' . ,x< . I I .z HE I"XX 1•■ 1 ■ rTW 'I i 3” 'I “->z \ 'Ww v.sz -• • w ihmmj ■ . - f 'v aIM a I BSSB I fliS J wfMCA^^Z-WSkW^... R.MhiSSiAB 4 Ifl I - , ■ ■' /' : J - ' t I ■■■■■ Under the old tax system, too many enterprising Super pensions tax-free New Zealanders were penalised for putting their money into you y e in a p r j va te superannuation scheme your productive investments. Now those penalties are being long-term outlook is good. If you’re nearing retirement you can replaced by incentives. l oo k forward to a tax-free pension after 1 April 1990. The new tax laws will help our economy grow, provide B ut , t^e tax a j van t a g es which have allowed you to jobs, and make New Zealand a much fairer place to invest. treat super as a high-interest savings account — and withdraw Which, if you’re a typical saver or investor, will mean a higher y Our money decades before retirement - have gone, return on your money. (That’s not what superannuation’s all about, and it’s New incentives to save not fair to expect ordinal taxpayers to pick up the tab.) If, however, you do see your super scheme as a true However you invest, you stand to profit three ways: retirement fund, then you stand to benefit from a general 1. You’ll pay less personal tax. The top marginal tax improvement in the investment climate between now and rate has been cut from 48 percent to 33 percent so you’ll have w hen you retire. \ more money to invest. New laws like the removal of double taxation, lower marginal tax rates and tax free pensions promise a much 2 - company yOU mV6St Wlth n ° W P a T better long-term return than you would have got from just the 28 percent. (Down from 48 percent a year ago.) So it s got tax concession. i more money to re-invest, and can afford to give you a ’ better return. Post to: Tax Changes, P.O. Box 6364, Te Aro, Wellington. 3. Dividends are no longer taxed twiog. By a process | □ ' called imputation, the tax on your investment will be the I I difference between what the company has already paid (28 j Name I percent) and your personal rate. So if your personal tax rate is | Address — I 33 percent, you pay just 5 percent tax -33 less 28. If your | TETZ~ ~ ' personal rate is 24 percent (4 percent less than the company | NeW ZcalUlld GoVOrUDICnt ! rate) you get an imputation credit of 4 percent against your I Office of the Minister of Revenue year’s tax which will reduce your final tax bill. L — ~— “ “ " Tax rates are coming down. r-ii. Z\ . M> DOB Needha/n/GTtlB