NZ Super Fund’s net profit shrinks to a shadow of last year as tax bill swells
The taxman got the lion's share of the NZ Superannuation Fund's earnings this year, even though it was a relatively poor year.
The NZ Superannuation Fund’s annual net profit shrank to $21.3 million for the year ended June after it paid a whopping $537.8 million tax bill.
The result compares with the previous year’s $3.7 billion net profit and a tax bill of just $122.7 million, the annual report shows.
This year, the
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Thu, 06 Oct 2016
Thu, 06 Oct 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Related News
Related News
NZ Super Fund’s net profit shrinks to a shadow of last year as tax bill swells
62183