Page 25 Advertisements Column 2

Press, 19 July 1989, Page 25

Which life insurance company only deals through a network of professional, independent brokers? - *• * s SOVEREIGN ASSURANCE 17 Anzac Street, Takapuna, Auckland. Ph: (09)462-050. WorkH>opSOVII4E

The GST change & you. BE ffllßß Your mortgage. Your hire-purchase. • fl B ■ KI In m n : - '' — —Your lay-by. Your credit card. There was a slight rise in the price of the part paid after the change date, many goods and services when the rate of Your credit card. Just the same as GST increased from 10% to 12%% on July 1. cash purchases. If you used your card for If you paid for your purchases before purchases before July 1, the GST rate was that date, GST was 10%. However, some 10%, even when you didn’t pay the card other transactions may not appear as clear- company until after the changeover date, cut so we’ve prepared this guide to help you. Use a plastic fantastic on or after July 1 and Your mortgage. Relax. The change UST will be at 12%%. in GST will not affect your mortgage Hiring something? If you hire aTV repayments. You haven’t paid GST on or anything else, the GST rate you have been your mortgage before and you won’t after Paying changed from 10% to 12%% as from July 1 either” July I- , ’ i _ Your hire-purchase. Quite clear. If you How much of the total price is GST. signed the hire-purchase agreement any Easily solved. When you see something that time before July 1 you continue to pay shows J ust one P rice which includes GST ’ GST at the old rate of 10% even after the . b 7 9 - The answer is the 12%% GST changeover date. If you signed up on or component. For prices unM the end of June, after July 1, GST will be at 12%%. divide by 11 to find 10% GST. . Your lay-by. Clear-cut. If you made the ~ Wone Service. K something is final payment before July 1, GST was 10%. 7?’ P No matter how much you have paid in earlier payments, if you make the final payment on or rMM| TNT ANT) after July 1, the GST cost will be at 12%% r-pn tt’XTT tt* on the full cost of your purchase, not just LLJfI REVENUE TE TAR I TA AKE MBMMMMMMMi IfS Olir job tO be fair MMMBMMMMMH