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KiwiSaver schemes' members losing out in default funds
Posted in Kiwisaver, Savings on
"Thousands of people are in the wrong kinds of fund and are therefore forgoing a good slice of their retirement savings. In some cases, hundreds of thousands of dollars are at stake."
View moreKiwiSaver First Home Deposit Subsidy - Changes from Oct 2013
Posted in Kiwisaver, Savings on
The Government has announced changes to the KiwiSaver Deposit Subsidy that will come into effect on 1 October this year.
View moreChanges to the KiwiSaver Scheme First Home Subsidy
Posted in Kiwisaver, Savings on
"The Government announced changes to the KiwiSaver Scheme First Home Subsidy that took effect on 1 October 2013. The changes included new house price caps (house caps), new income caps, and a 10 percent deposit."
View moreGenerate KiwiSaver Funds ranked first for services again by Sorted!
Posted in Kiwisaver, Savings on
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
View moreKiwiSaver schemes' members paying high price for caution
Posted in Kiwisaver, Savings on
"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."
View moreKiwiSaver intricacies a mystery to many
Posted in Kiwisaver, Savings on
"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.
View moreMary Holm: Ratings help sort wheat from chaff
Posted in Kiwisaver, Savings on
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."
View morePick up your big five hundy this year
Posted in Kiwisaver, Savings on
"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."
View moreWhy you should start saving for retirement at 25
Posted in Kiwisaver, Savings on
"The longer you wait to start saving for retirement, the more you miss out on the benefits of the incredible power of compound interest."
View moreGen Y shows super interest
Posted in Kiwisaver, Savings on
"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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