Please consider signing our petition to Parliament
Hi neighbours,
Would appreciate it if you would consider signing a petition to Parliament. You may have recently seen some media coverage in RNZ and Stuff, regarding a petition to change the rules regarding KiwiSaver closures for New Zealand resident US citizen children.
As you may know, whilst KiwiSaver can certainly be a financially sound investment for US citizen adults, it can sometimes create difficulties for US citizen children due to the tax rules in force between the two countries. These require even children to report on their (modest) Kiwisaver accounts, but the cost of this required reporting is hundreds (if not thousands) of dollars every year.
My kids (who are dual US/NZ citizens) have been caught up in this loophole, but when I asked to close their accounts - even offering to give up any claim to the small amount of money that is in there - my request was rejected. This means that we either have to spend thousands of dollars to be compliant with tax reporting regulations, risk tens of thousands of dollars in penalties for not reporting, or give up the kids' US citizenship.
The petition asks Parliament to amend the KiwiSaver Act, to permit under-18s with dual US/NZ tax residency to close their KiwiSaver accounts and thus end reporting requirements.
The link to the petition can be found below:
www.parliament.nz...
Thanks so much for considering it!
Poll: Do you think NZ should ban social media for youth?
The Australian Prime Minister has expressed plans to ban social media use for children.
This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.
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85.6% Yes
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13.2% No
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1.1% Other - I'll share below
What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
For Sale 4-bed ; 4-bath home in Rangitoto College Zone
This fabulous Freehold family home of approximately 340sqm on 635sqm of land is situated in a cul-de-sac in a well-established family-friendly neighbourhood.
Step inside this exceptional home to an abundance of space and comfort. Everything you could possibly need from multiple bedrooms, bathrooms and living areas, to a designer kitchen, dining and family room with sea view, flowing seamlessly to the private fully fenced outdoor entertaining area which comes with a pizza oven. Perfect for relaxing, hosting family and friends and making memorable moments to cherish.
Four generous double bedrooms including two master bedrooms, two walk-in wardrobes, four bathrooms including two ensuites, a family bathroom/semi ensuite and a superbly located guest toilet.
Downstairs offers space and flexibility of use, ideal for extended family or guests and has its own entrance. Comprising a rumpus, used as a home office/playroom, a kitchen, dining, living area connecting seamlessly to private landscaped outdoor living adjacent to bush/reserve filled with bird song. The fourth bathroom is on this level as is a large separate laundry.
Seven heat pumps throughout this meticulously maintained family home ensure comfort. There is a central vac system and lots of storage space.
Plenty of parking available: a Double internal-access garage plus off-street parking for up to 5 cars - including a boat or campervan - also parking bays in the cul de sac.
A choice of excellent schools: Rangitoto College; Long Bay College; Northcross Intermediate, Sherwood Primary and Pinehill Primary Schools.
www.barfoot.co.nz......
Gabrielle Elborough
Real Estate Agent
021 257 5018
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