Kaspanz is of the view that the annuity market is a key issue for those currently involved with Kiwi Saver, and annuities appear to be overtaxed. The annuity issue appears to have been poorly handled by this government, and their cold shoulder approach to the Government Super annuitants Association is disgraceful. Hopefully the Commission for Financial Literacy and Retirement Income review will address this matter in 2013, followed up by Government action consistent with their alleged approach on taxation fairness and equity. read more

Alec Waugh