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Posted: 15 February 2010
It has been confirmed that as at 1st July 2010, the way that Life Companies are taxed is to change. As a result, it appears that the cost of Life Cover will increase by around 15% - 20%. We feel it is important to inform you of the options you have available to combat this. We believe it may be a good time to consider locking in some of your Life Insurance premiums. Locking in ...
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Posted: 15 February 2010
Recently we’ve seen much negative publicity about previously trusted financial institutions. We’ve read about instances of “mom and pop” investors losing their retirement funds and this tends to make us uncertain who to trust in the finance industry. Trust is a value judgment and requires us to suspend disbelief and act on something that has no proven outcome. Obviously revelations about the bad practice of some financial institutions in New Zealand has resulted in a ...
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Posted: 5 February 2010
If you are an Equitus client and aim to acquire a new TV, update the car, renovate or extend the house or holiday off shore, make sure you get some projections from your finance manager so you can see the effect it will have on your lifestyle expenses. Besides, borrowing using your plan structure could subsidize the cost of your expenditure by reducing the interest cost of your borrowings to a minimum. For example if ...
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Posted: 28 January 2010
Equitus is celebrating its tenth year in business. Celebrating because, in the ten years it has been operating, Equitus has helped many Christchurch families to make the most of their incomes, have savings they wouldn’t have otherwise had and own their homes much sooner than they could have ever imagined. Russ Woolcock chose to establish the business in January of 2000 because he could see that what is commonly known as a revolving credit facility ...
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Posted: 13 January 2010
In his recent New Zealand Listener article, “What to watch out for in 2010”, Gareth Morgan writes “…Property is the major business activity that characterizes our economy…” However, Morgan points out New Zealanders’ … “obsession with property involves people … bidding against each other for the same stock of houses (which) might result in a transfer of wealth but doesn’t actually generate income and jobs in a sustainable way.” The question is what effect does ...