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Finance body has its say on retirement
The debate on retirement income is set to continue today with a major industry group due to release its recommendations on how to supersize New Zealanders' retirement income.
The debate on retirement income is set to continue today with a major industry group due to release its recommendations on how to supersize New Zealanders' retirement income.
New Zealanders will need as much as $200,000 in savings to augment NZ Super payments and provide a comfortable old age.
A new report suggests raising the age of eligibility for NZ Super would make retirement income policies fairer between generations.
Contributions holiday is automatic when people leave, but lump sum payments can be made at any time.
KiwiSaver has turned out to have been a hugely successful financial product but there are some nasty changes lurking over the horizon, writes Brent Sheather.
An academic is warning savers to be wary of promises made by KiwiSaver providers.
You don't have to be an employee to be part of KiwiSaver, but the rules are a bit different.
My wife and I are about to enter a KiwiSaver fund at age 61 and 63.
Q: I was wondering if I can withdraw some of my KiwiSaver without withdrawing it all. I am 66 years old and I have not touched it at all.
KiwiSaver members should look at how much they are paying in fees because the amount varies greatly between providers, says a financial research firm.
Inland Revenue not legally obliged to notify companies when they no longer need to pay into KiwiSaver.
New Zealand's Catholic Church says it will "reflect" on a decision by Auckland Anglicans to sell out of all fossil fuel investments within two years.
Rising New Zealand property values accelerated last month as the lack of listings in Canterbury and Auckland continue to overheat the market.
Q: My 29-year-old daughter has finally settled into a career position with a stable employer who offers no pension plan other than a contribution to KiwiSaver.
"It looks like we're becoming as rare as pandas," well-known Auckland financial adviser, Murray Weatherston told me last week.
Contributions from employer can also be included with the worker's pay and taxed under the PAYE rules.
My analysis of where all the financial advisors are - where do you actually go to find independence?
I generally have a good understanding of KiwiSaver, in that withdrawing money has to be for your first home and your principal place of residence.
Somewhat reluctantly, the NZS has published a fund performance estimate for the financial year ahead.