Amid fears of growing financial hardship throughout New Zealand, a comprehensive campaign against high-interest lenders looks to be gaining new ground. Payday lenders, trucks shops, loan sharks: the names alone are enough to conjure up grim images of shady operators and hustlers lurking in dark spaces to prey on the financially vulnerable. While the reality … Read more
Welcome to The Spinoff’s live updates for July 30. The latest on New Zealand news, politics and the Covid-19 crisis, updated throughout the day. Get in touch at stewart@thespinoff.co.nz 7.15pm: The day in sum A new 1 News poll offered slightly better news for National than Sunday night’s bleak Newshub numbers. The leaking of private … Read more
The Equal Pay Amendment Bill is set to make it easier for women to take collective action over pay equity disputes. But how exactly does it work? What’s all this then? On Thursday night, the Equal Pay Amendment Bill was finally passed unanimously by parliament. Minister for women Julie Anne Genter described it as “one … Read more
As one of the few places on earth where live events are still taking place, New Zealand is seeing its Facebook events pages overrun by scammers trying to trick fans out of cash. Sherry Zhang explains how it works, and shares her own exchange with a ticket scam bot. Ticket scams? Bots? What’s all this … Read more
Retail investors should invest in companies that have paid out dividends, been ahead of new trends or been able to push pause during the Covid-19 crisis, reports Dan Brunskill for BusinessDesk. Picking the next round of gains is a difficult challenge in a market that has been reordered by the pandemic, but humanity’s ability to … Read more
Competition for customers is fierce among telcos, but which mobile plans offer the best value for money? We compare them to find out. When I was in high school more than a decade ago, mobile plans were about as simple as you could get. There were just two providers (Vodafone and Telecom, née Spark) with … Read more
Recent shocks to our economy have shown that when it comes to knowing how to manage our money, New Zealand still has a long way to go. Having now moved on from my first illustrious job as a graduate tax accountant, a lot of what I learnt about tax in my early days has (for … Read more
A new report measuring New Zealanders’ financial wellbeing highlights how key sectors of our population are feeling stressed over money, and how Covid-19 has made that worse. Money can’t buy happiness, but it sure can help. After all, it’s what puts food on the table, a roof over our heads, and the power to buy … Read more
Driving around with an expired warrant of fitness after the deadline was extended in March? You may want to get that looked at if you want your insurance to pay out. What’s all this then? When New Zealand went into lockdown and all non-essential business had to stop, a lot of motorists were suddenly left … Read more
When the iPhone owns less than half the market, what are the best Android alternatives at every budget? Getting a new phone can be one of life’s little pleasures. Many of us hang onto our handsets for two years or more, so when that magic upgrade day finally rolls around, no one should be begrudged … Read more
‘Risk’ isn’t a popular concept in these uncertain times. But financial advisor Jas Gill says rather than running for the hills, we should think about our goals and assess the risks accordingly. In a global pandemic, fear is probably the only thing more contagious than the virus itself. Fear breeds panic and panic leads to … Read more
For the first time this year, your KiwiSaver statement will let you know how much money you can expect to have in retirement. Gillian Boyes from the FMA gives a glimpse into what that might look like, and how contributing just a few per cent more from your salary each week can make all the … Read more
With more than 151,000 members, Wellington’s Vic Deals is one of the largest community Facebook groups in New Zealand. But in the last few days, the group’s team of administrators have landed itself in hot water after being accused of censoring content related to racism, colonisation, and Black Lives Matter. How did this all start? … Read more
For all The Spinoff’s latest coverage of Covid-19 see here. Read Siouxsie Wiles’s work here. New Zealand is currently in alert level two – read The Spinoff’s giant explainer about what that means here. For official government advice, see here. The Spinoff’s coverage of the Covid-19 outbreak is made possible thanks to donations from Spinoff Members. To support this work, join … Read more
For years, Work and Income has been telling New Zealanders they couldn’t get the benefit until their redundancy payments ran out. Turns out, it was wrong. What’s all this then? Work and Income has long told New Zealanders receiving redundancy payments that they weren’t eligible for the benefit until their redundancy money ran out. However, … Read more
Covid-19 has given rise to a new era of remote working, potentially opening up more income, and regions, to New Zealand’s freelance economy. For many of us, the only obstacle that ever stood in the way of a prosperous life in Dunedin was its tiny job market. Now, thanks to Covid-19 and the fundamental changes … Read more
For all The Spinoff’s latest coverage of Covid-19 see here. Read Siouxsie Wiles’s work here. New Zealand is currently in alert level two – read The Spinoff’s giant explainer about what that means here. For official government advice, see here. The Spinoff’s coverage of the Covid-19 outbreak is funded by The Spinoff Members. To support this work, join The Spinoff Members … Read more
For all The Spinoff’s latest coverage of Covid-19 see here. Read Siouxsie Wiles’s work here. New Zealand is currently in alert level two – read The Spinoff’s giant explainer about what that means here. For official government advice, see here. The Spinoff’s coverage of the Covid-19 outbreak is funded by The Spinoff Members. To support this work, join The Spinoff Members … Read more
A new ad campaign that claims “crowded public transport” is a danger to your bubble is stoking unfounded fears, argues Wellington regional councillor Thomas Nash. Update, 23 May: Wilson Parking New Zealand has issued a statement in response to this column which is published in full below. You might think it would be a brazen … Read more
The lockdown might be over, but the strange obsession with New Zealand’s director general of health is not. Tara Ward scoured the internet in search of Bloomfield-inspired works of art. Heroes save us when we’re in trouble, like when Chris Warner rescued everyone at Shortland Street when it was under siege, or the time Jason … Read more
With many workers being asked to take voluntary pay cuts to help struggling businesses stay afloat during the Covid-19 crisis, it begs the question: why are so many of us compelled to accept? Towards the end of March, Ben* was asked by his employer of almost 20 years to take a 15% pay cut. Working … Read more
Gaming consoles, exercise bikes, DVDs and paint – turns out what New Zealand is buying says a lot about what we’ve been doing in lockdown. Last week, I finally bought a TV. Nothing fancy, just your stock standard 30-inch telly to replace my cheap tablet that was starting to splutter to the end of its … Read more
Hatch GM Kristen Lunman shares some dos and don’ts for investing during a big market decline. Covid-19 has sent share prices from New Zealand to New York tumbling, sparking a wild ride over the last couple of months and into a volatile bear market. If you’re not familiar with the term bear market, it refers … Read more
With the global economy due for another slowdown, coupled with major economic disruption caused by Covid-19, we’re standing on the precipice of what looks to be a long and hard global recession. So what can we do to protect ourselves? Accountant and financial blogger Sam Harith has some advice. 1. Identify your personal income stream(s) … Read more
For all The Spinoff’s latest coverage of Covid-19 see here. Read Siouxsie Wiles’s work here. New Zealand is currently in alert level three – read The Spinoff’s giant explainer about what that means here. For official government advice, see here. The Spinoff’s coverage of the Covid-19 outbreak is funded by The Spinoff Members. To support this work, join The Spinoff Members … Read more
Answering hundreds of calls a day from anxious KiwiSaver investors, Kiwi Wealth’s head of customer services Matt Beach paints a picture of how some New Zealanders are handling the Covid-19 downturn. For essential services everywhere, from supermarkets to gas stations to toilet paper manufacturers, the overriding message of the lockdown has always been the same: … Read more
The economy is facing its worst crisis in almost a century, with the prospect of hundreds of thousands of people imminently losing their jobs. So why is the sharemarket chugging away at its own recovery? Alex Braae speaks to some experts to get an explanation. How’s the economy doing? In normal times, the most regularly … Read more
The government’s extraordinary measures to halt Covid-19 and support the economy have had extraordinary public support. Tony Burton argues that the hard choices about who pays for it will be far less popular. I have lived with a skeleton since the lockdown. It’s white and shiny and takes up half the space in my living … Read more
From the reemerging debate around capital gains tax to the increasing reach of tax authorities, Terry Baucher, writing for interest.co.nz, looks at a number of implications the coronavirus pandemic could have on the tax system. “There are decades when nothing happens and there are weeks when decades happen,” Lenin is said to have remarked, possibly … Read more