House Prices

Nostalgia for 50s just dreaming

Q: I wonder if you could tell us just what we are getting when we have a term deposit.

We are given an annual interest rate, but what is the actual after-tax rate and how much does that become at the end of the year?

It would be good to have a chart that showed, for $5000 for one year at different interest rates, the after-tax rate and dollar amount of interest for

Monday, September 27th 2004

those paying 19.5 per cent tax, 33 per cent tax and 39 per cent tax.

A: Rather than showing you for just $5000, I'll give you some formulae that you can use on any amount of money and any interest rate.

The way the tax system works, it's more accurate to say those with taxable income of less than $38,000 are in the 21 per cent tax bracket, rather than 19.5 per cent.

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Unity First Home Buyer special 3.99
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.69
ICBC 4.69
ANZ Special 4.75
Kiwibank Special 4.75
ASB Bank 4.75
SBS Bank Special 4.75
TSB Special 4.75
Westpac Special 4.75
AIA - Go Home Loans 4.75
Wairarapa Building Society 4.59
ASB Bank 4.75
TSB Special 4.75
SBS Bank Special 4.75
ANZ Special 4.75
Westpac Special 4.75
AIA - Go Home Loans 4.75
Kainga Ora 4.75
Kiwibank Special 4.79
Nelson Building Society 4.87
BNZ - Std 4.89
SBS Bank Special 5.39
Westpac Special 5.39
ICBC 5.39
Co-operative Bank - Owner Occ 5.49
Kainga Ora 5.49
AIA - Go Home Loans 5.49
ASB Bank 5.49
TSB Special 5.49
BNZ - Classic 5.59
Kiwibank Special 5.59
BNZ - Std 5.59
SBS Construction lending for FHB 3.74
AIA - Back My Build 4.44
CFML 321 Loans 4.75
Co-operative Bank - Owner Occ 5.70
Co-operative Bank - Standard 5.70
Heartland Bank - Online 5.75
ICBC 6.09
Kiwibank - Offset 6.15
Kiwibank 6.15
ASB Bank 6.29
SBS Bank 6.29

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