Would raising the rate of GST affect you more than others?

GST turns 40 this year and nowadays makes up about 30% of our total tax revenue every year. But since its introduction back in October 1986, economists and everyday folk have been questioning whether it’s a fair system for all, or if some households are affected more than others. In this week’s No Stupid Questions with Susan Edmunds, we'll have a crack at answering that. We'll also look into which time of the year is the best to retire (for tax purposes), whether the media talk enough about the long term cost of KiwiSaver fees, and more.

In this episode, Susan answers questions about:

• Would raising the rate of GST affect some more than others?
• What's the best time of the year to retire for tax purposes?
• Can a tradie charge me more to fix their mistake?
• Why don't we hear more about the long term cost of KiwiSaver fees?
• And does solar power make sense financially?

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