Story: Banking and finance

Children with bank books (1st of 2)

Children with bank books

Children have often been encouraged to save their money. These school pupils from Kelburn, Wellington, have bank books from several different banks. They were featured in the news because from 1 April 1992 any savings accounts for which the saver did not supply a tax number were to be taxed at 33 cents in the dollar. Very few school students had tax numbers.

Using this item

Alexander Turnbull Library, Dominion Post Collection (PAColl-7327)
Reference: EP/1992/2072/16
Photograph by John Nicholson

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

David Tripe, 'Banking and finance - Banking and finance since 1984', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/24630/children-with-bank-books (accessed 21 February 2020)

Story by David Tripe, published 11 Mar 2010