Trust legislation changes – Are you ready?

15 May 2020 | Connie

Trusts Act 2019 which will come into effect on 30 January 2021 is the first major reform to New Zealand trust law since the Trustee Act 1956. If you are the Settlor or a Trustee or a beneficiary of a Trust? Now is the time to...

LVR restriction removed and what does it mean for you?

13 May 2020 | Connie | Finance 101

On 30th April 2020, the New Zealand Reserve Bank has announced to remove mortgage loan-to-value ratio (LVR) restriction. This change marks the end of LVR limits and banks don’t need to comply with the LVR rule for the next 12...

How to use family trust to protect your assets in New Zealand?

30 Apr 2020 | Connie | Finance 101

In New Zealand, family trust is a popular way of protecting your valuable assets. If you are thinking about setting up a family trust, and wondering what exact family trust is and do you really need one, then you have come to...

Reserve Bank proposes to remove the LVR restrictions?

23 Apr 2020 | Connie | Finance 101

Having kept the loan-to-value ratio (LVR) restrictions in place for nearly seven years since 2013, the New Zealand Reserve Bank gives banks seven days notice that they plan to remove LVR restrictions on residential mortgage l...