
Turn $50 into a fortune
If you have a spare $50 in your pay cheque at the end of the week and think it's not enough to bother saving, think again.
If you have a spare $50 in your pay cheque at the end of the week and think it's not enough to bother saving, think again.
With the removal of the tax exemption in 2012 on the employer component of KiwiSaver contributions, the govt sneakily increased its tax-take without many people noticing, writes David Chaplin.
I'm considering signing my kids up for KiwiSaver, in part to get the $1000 kickstart but will also make regular contributions.
A third of people don't know what type of fund their KiwiSaver money is in, according to a survey by the country's largest provider.
Key things to consider when choosing where to save include risks, time to retirement, disclosure and fees.
Simply withdrawing savings in regular amounts carries the risk that the money might run out before you do.
KiwiSaver is described on the www.kiwisaver.govt.nz website as a "voluntary, work-based savings initiative".
Six years on, the majority of KiwiSaver members remain in the default conservative funds where they were automatically placed on first joining the scheme, writes Blair Turnbull.
I read your interesting recent article on the Welcome Home Loan and believe it might apply to our returning daughter
I read the other day about women hitting retirement with less in the kitty than men.
KiwiSaver funds with higher exposure to shares were the best performers over the September quarter, according to Morningstar.
Editorial: Listening to Winston Peters, you could be forgiven for thinking KiwiSaver was a seriously defective and widely reviled retirement savings vehicle.
"Where," asks David Chaplin, "are the current batch of default providers going to send members for 'impartial financial advice' - off to rival banks, perhaps?"
All KiwiSaver investors should be able to find out how their fund is performing, what fees are being charged and where the money is being invested from today.
Winston Peters says changes to KiwiSaver which would stop it being "a pot of gold’’ for fund managers would be a bottom line in any post election coalition talks.