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The Generate KiwiSaver Scheme strongly believes New Zealanders should be given simple and effective advice on their KiwiSaver. It could mean the difference of hundreds of thousands of dollars to people in their retirement. We are proud to say that over 95% of our members have joined through an adviser and best of all that service is absolutely free!
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A good question to start with: What if workers controlled more of their retirement savings and the federal government less? The AARP and the Brookings Institution recently teamed up for an event on New Zealand's auto-saving plan: the KiwiSaver program. New Zealand ranks among the top five countries in the Heritage Foundation's Index of Economic Freedom, far ahead of the U.S., which was ranked 12th in the latest edition.
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KiwiSavers appear to be getting the message that default funds are not the ideal place to leave their nest eggs, with the amount going to default funds almost halving.
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KiwiSaver may have turned seven but both BNZ and Generate KiwiSaver schemes are relative newcomers and have recently only celebrated their first year of operation.
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It’s possible to put KiwiSaver cash towards a house even if you have owned one before, but rules apply.
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Contribution must be made before reaching milestone to get the highest possible payment for that year.
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Party proposals include Super at 60 for some, raising the starting age to 67, and making KiwiSaver compulsory.
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ANZ Investments is suggesting KiwiSaver members set up direct debits to their KiwiSaver funds after estimating thousands of members missed out on around $400 million of Member Tax Credits from the Government in the last year.
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If you've never owned a home, and you've been a KiwiSaver member for at least three years, you can take out all the money both you and your employer have put in, as well as all the investment returns, to help buy your first home. In some cases, previous home-owners can also apply.
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Following is an interesting article on one of our International Equities Managers - Berkshire Hathaway Inc.
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