Under the Unclaimed Money Act, money and can be transferred to Inland Revenue if a customer has not interacted with a bank or transacted on the account for five years.
New Zealand
10:25am
1:29
Its six-month rate will drop by 10 basis points, from 4.95% to 4.85%. Its 18-month rate will drop by four basis points, to 4.45%.
Monday 6:59pm
Tax department details arrest warrants, bank account deductions that have pulled in almost $12 per $1 spent.
Monday 4:26pm
Research suggests confusion over food date labels could mean millions of dollars' worth of food is binned unnecessarily each year.
Monday 9:22am
1:30
The research, conducted by Motu Research and Victoria University, shows that renters' wellbeing has fallen as property prices have risen.
Sun, Oct 19
The Government announced in July a ban on surcharges on card payments in-store, such as PayWave, from no later than May 2026.
If you've fixed, then watched rates fall, you might be wondering what your options are.
Fri, Oct 17
Centrix data shows 2.36 million active consumer credit cards in this country - but if you own one of them, there are a few ways you might be losing out.
Thu, Oct 16
Captain Garth McGearty took the claim against the airline to the Employment Court.
Wed, Oct 15
A home loan borrower who complained that his mortgage adviser should not have charged him $2500 when he changed banks has been told the broker acted appropriately.
Infometrics economist Matthew Allman said it was unlikely to add material upward pressure on house prices.
Tue, Oct 14
A new report shows how home loan rates have responded to the falling interest rate environment.
Thousands of people have had money deducted from their bank accounts in recent months as Inland Revenue steps up its efforts to collect the tax it is owed.
Mon, Oct 13
If you're in a relationship with an age gap, it may affect your financial planning, particularly when it comes to retirement.
Sun, Oct 12
The tax department can soon provide information on tax debts to credit-reporting agencies.
Sat, Oct 11
It's been a year of grim economic news – unemployment has been up, GDP down and consumer confidence weak.
Fri, Oct 10
The Reserve Bank has cut the official cash rate by 50 basis points, but what will that actually mean for households?
Thu, Oct 9
7:33
The Reserve Bank could cut the Official Cash Rate by 50 basis points this week - but what would that mean for home loan rates?
Mon, Oct 6
As the world continues to recover from the altered spending habits of the post-pandemic period, "revenge saving" is the latest trend taking hold.
Sat, Oct 4
The '1%' is often used as shorthand for the wealthiest people on the planet, and new stats have revealed what that looks like.
Wed, Oct 1
There has been a jump in the percentage of empty retail spaces, as a proportion of overall space, in both Auckland and Wellington.
Tue, Sep 30
1:31
Falling property values have left many new homeowners unable to refinance, locking them into higher rates and limited options despite competitive offers from banks.
Sun, Sep 28
Home loan borrowers may have a bit more time to decide when to lock a long-term rate, the country's biggest bank says.
Thu, Sep 25
Over the three months to September, 56% of suburbs recorded falls in house prices.
Home loan borrowers are facing a "massive" opportunity to save money — if they can afford to.
August 23, 2024
