John Berry: Kiwisaver provider Pathfinder's CEO says GST tax tidy up is quite brutal

An attempt to tidy up the GST charged on different investment products. The Government is planning to impose GST on Kiwisaver fees, which will give it an extra $225 million a year. Kiwisaver provider Pathfinder's Chief Executive John Berry told Kate Hawkesby unfortunately for investors, the tidy up is quite brutal. Modelling suggests it will raise fees and mean $103 billion fewer saved in accounts by 2070. LISTEN ABOVESee omnystudio.com/listener for privacy information.