You, Me and the IRD

My tradie asked to be paid in cash...will that get me in trouble with the IRD? Where's the best place to keep an emergency fund? And are rewards points really worth it?

Episode details

Questions this week for Susan:

Where should I put my emergency money, in a manged fund, term deposit or just a bank account?

When the Reserve Bank changes the official cash rate, where does the extra money I pay on my mortgage go?

Which kinds of KiwiSaver funds are seeing the most hardship withdrawals?

If I'm paying a surcharge on my credit card, does that cost more than the Hot Points I earn?

If a tradie asks me to pay in cash, can I get in trouble with the IRD?

Audience Q&A for the week: what sort of increase in spending is normal at Christmas?

Expert input this week came from Dean Anderson at Kernel, David Cunningham at Squirrel, investment adviser Jeremy Sullivan and Robyn Walker at Deloitte.

If you have a money question you'd like Susan to answer, put it in an email or voice memo, then send it to questions@rnz.co.nz.

Go to this episode on rnz.co.nz for more details