Personal Finance

$30m Lotto winners: King size bed, charities and travel on the cards

Lotto NZ has confirmed the $30 million Powerball first division prize has been claimed by a Wellingt...

Westpac NZ reports $477 million net profit in half-year result

Westpac New Zealand made $477 million in after-tax net profits, while pre-provision profit fell 8%, ...

Slight relief for mortgage holders as bank trims rates again

ASB, one of New Zealand’s major banks, hs trimmed back some of its mortgage rates for the seventh ti...

Tesla's falling share price hits KiwiSaver accounts

Tesla's falling share price has hit KiwiSaver's lowest-performing fund's returns. KiwiSaver provider...

What to know about KiwiSaver hardship withdrawals

New Zealanders struggling with the cost of living have been tapping into their KiwiSaver accounts in...

What actually is an actuary? Seven Sharp's Julian Lee sums it up

New Zealand currently has a short supply of many professions — including actuaries. What exactly is ...

ANZ expects interest rate cuts from February 2025

The country's biggest bank believes interest rate cuts will arrive sooner than it previously expecte...

Bank bosses to be called to account for profits in front of MPs

The pressure is on the big profit-making banks, with multiple inquiries into whether Kiwis are being...

Scammer accused of posing as police, taking $300k from victims

A 25-year-old UK national has been arrested in Auckland after he allegedly posed as a police officer...

How much are our supermarket workers really getting paid?

A job at the local supermarket is a rite of passage for many New Zealanders entering the workforce. ...

Annual food prices drop for first time in nearly six years

Annual food prices in New Zealand have dropped for the first time since August 2018, Stats NZ says. ...

IRD starts unannounced visits to construction sites

The Inland Revenue Department has started unannounced visits to construction sites this month In Apr...

How much do you need to earn to get a home loan?

First-home buyers generally need to be earning at least $100,000 per year to get into the housing ma...

Kiwis could struggle to pay back loans as lending code changes

Financial mentoring experts have described the Government's upcoming changes to the lending code as ...

NZ's largest bank cuts home loan rates as inflation dips

The country's largest bank will drop its home loan rates as the latest data shows the rate of inflat...

Several major banks, stores reporting outages amid global IT issues

Several major banks and some stores across New Zealand are being affected by system outages this eve...