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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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Companies not required to pay into savings funds of young workers but should deduct employees’ input.
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The eligibility rules to join KiwiSaver state that a person must be living or normally living in New Zealand, or employed overseas under the State Sector Act, and be a New Zealand citizen or entitled to remain in NZ indefinitely. They must also be under the age of 65. Any person not meeting these criteria cannot join.
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Would-be owners cannot withdraw funds from savings scheme to help pay for the building of a house alone.
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ANYTHING IS POSSIBLE: Who could you take the first step towards home ownership with
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OPINION: There is a basic rule of personal finance: pay off debt before you start to invest.
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KiwiSaver members are being wooed with free insurance and credit card rewards schemes, prompting concern from regulators and other providers.
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