kiwisaver strategy

KiwiSaver

If You Haven't Joined Kiwisaver Here is why you should.


Its not often you get something completely free, so when the Government offers you $1000 to get your KiwiSaver plan rolling, you should jump at the chance.
They'll also help with an annual tax credit up to the tune of $1042.

So get started and get the money on offer, who knows, any future Government may change the rules.

If you would like to get a copy of my KiwiSaver Strategy white paper CLICK HERE.

Kiwisaver Gets Better


While KiwiSaver seems reasonably compelling now, from 1st April 2008 it gets even more attractive. From then, if you are a contributing employee your employer will also contribute an amount equal to 2% of your salary or wages. This means that if you contribute 2% your employer effectively doubles your contribution each year.
In addition employer contributions to your KiwiSaver account are exempt from Tax.

If you can afford to save 2% of your salary, join KiwiSaver now. When you turn 65 it'll seem like the smartest thing you ever did.

Kiwisaver - A Couple of things You Should be Aware Of


There are two fundamental things you should understand about any Kiwisaver scheme you select.
- You cannot get your money out until you are 65. (There are a few very tightly defined conditions where you can get your money out.)
- NO ONE (not even the government) WILL GUARANTEE THE FINAL VALUE OF YOUR SAVINGS. You must manage your own risk.

You must assume responsibility for the safety and returns from you Kiwisaver savings. However at date of writing this all the Kiwisaver funds are new, so there is no performance and history track record on which to make a judgement.

Many of the Kiwisaver providers have in the past offered Superannuation savings plans to the general public. Unfortunately many of these Superannuation Plans have had a poor performance track record. This has been contributed to by unhelpful taxation of these funds and high fee and expense loadings.

A Smaller Problem

Be sure You can afford it.
Remember you are locked in till you are 65, and nobody will guarantee the returns (or the return of your money) from a Kiwisaver scheme.

KiwiSaver Strategy

If you would like to learn about a Kiwisaver Strategy that may suit you CLICK HERE.

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