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For the second time in a row we have been rated the highest for services out of all KiwiSaver Funds by the Sorted.co.nz KiwiSaver Fund Finder
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"The latest Reserve Bank managed fund statistics reinforce two important features of our investment markets. The first is that New Zealand investors, particularly KiwiSaver members, are extremely conservative, and the second is that the small size of the domestic sharemarket is forcing more and more money overseas."
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"The majority of New Zealanders do not fully understand KiwiSaver especially when it comes to switching jobs, tax rates and the Government's annual contribution. A new survey has found low levels of understanding about certain aspects of the KiwiSaver retirement savings scheme". According to the survey three in five people were unaware of the Government's Member tax credit benefit.
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Q: So how would you go about sorting the wheat from the chaff in the current climate? A: "My suggestion — keeping things simple — is to invest in higher-risk KiwiSaver funds. They give wide diversification and tend to be monitored by the Government more closely than other investments."
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"Did you know that for every dollar you put in to KiwiSaver, the Government adds 50 cents - up to $521 each year? Yep, a big five hundy. If you're not on to it - and a recent survey showed three out of five people didn't know they could get $521 - you may be leaving money on the table."
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"The longer you wait to start saving for retirement, the more you miss out on the benefits of the incredible power of compound interest."
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"A recent study by Colmar Brunton, commissioned by the Australian Institute of Superannuation Trustees, found that some Gen Ys start to get interested in superannuation very early on. When asked what age they were when they first considered which specific superannuation fund suited their needs, the average answer for Gen Ys was 24 years."
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If you save for 10 years between the ages of 25 and 35 you will end up with more at 65 than if you saved the same amount for 30 years between the ages of 35 and 65! JP Morgan has put together this great graph on how compounding interest can work. “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” – Albert Einstein
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We would like to say a massive thank you for all of your referrals we received for the Generate a Lead and Win Referral Prize Draw!
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Consider this: "The best form of saving that any individual can make on average is to reduce their borrowing, and in most cases this means paying off credit cards, and then their mortgage as soon as possible."
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