Nearly seven years after KiwiSaver was launched there are still gaping holes in what people know about the features and benefits of the scheme, according to KiwiSaver provider Mercer. Mercer questioned 1000 working Kiwis as part of its fourth KiwiSaver Sentiment Index and discovered “gaping holes” in how much we actually know about Kiwisaver and the benefits available to us. You can see the key findings of the index here. Here are some highlights (or low-lights) that we noticed: The survey revealed there is still a high level of confusion about the features offered, particularly the government’s contribution in which people can get up to $521 per year. Of 16…
Tag: Retirement
What does wealth mean to you?
How do you define wealth? When you hear the word wealthy, what do you think of? Do you think of having your own private aeroplane, living in a mansion and driving fancy cars? Or do you define wealth as not having to go to an 8am-5pm job every day, taking several holidays a year and being free to determine your own schedule? Is it possible that you have defined wealth as an absolute sum – say two million dollars in your bank account? Everyone defines wealth in a different way. For some people, simply not having to worry about money means being wealthy. Your definition of wealth can also change…
Kiwisaver – it’s STILL a non-brainer
Kiwisaver has been an outstanding success and has far exceeded the original expectations of the Government. Over 1 million New Zealanders have now signed up and are reaping the benefits that Kiwisaver provides. The amazing thing is that this is only one in three of those people who are eligible to join. What has happened to the other two million Kiwis and why have they not jumped at the chance of obtaining the Kiwisaver benefits? Is it apathy, scepticism or a misunderstanding of how Kiwisaver really operates? If you are aged 64 years or under or know of those who are 64 years or under and are not in Kiwisaver,…
10 retirement and life lessons…
… from the smartest people I know. A successful retirement, like a successful life, rarely happens by accident or default. It happens by design. I thought I would share some of the important lessons I have learned over time. 1. Happiness is not a direct function of how much money somebody has. Happiness depends much more on attitude and behaviour than on money in the bank. 2. Wealth comes from choices people make, not chances they take. Smart people do not wait for luck to make them wealthy. Every day the cultivate habits and follow rules that others don’t. (Here’s a good book to help learn fundamental habits you need…
SHARE investments has arrived
SHARE has launched SHARE Investments, a new investment solution for our clients. SHARE has engaged Morningstar, one of the world’s largest research companies and asset allocators to develop a ‘best of breed’ set of model portfolios and approved product list designed specifically for New Zealand investors. This new solution includes recommendations for Kiwisaver, retail multi-sector managed funds, special model portfolios to suit each investors risk profile, plus modified portfolios to suit larger, more sophisticated investors who wish to have direct securities included in their portfolio. Built into SHARE Investments is a state of the art investment platform and reporting system which will enable up-to-the-minute reporting on your investments. Contact Neil…
What does wealth mean to you?
How do you define wealth? When you hear the word wealthy, what do you think of? Do you think of having your own private aeroplane, living in a mansion and driving fancy cars? Or do you define wealth as not having to go to an 8am-5pm job every day, taking several vacations a year and being free to determine your own schedule? Is it possible that you have defined wealth as an absolute sum – say $2 million dollars in your bank account? Everyone defines wealth in a different way. For some people simply not having to worry about money means being wealthy. Your definition of wealth can also change…
Abolition of Gift Duty
Gift duty may have been abolished on 1 October 2011, but it should not be cause for clients to be any less diligent with the operation of their family trust. SHARE recommends clients still seek legal advice relating to the transfer of assets into a family trust, how it should be correctly documented and the correct processes to be followed each year. There will no longer be any gift duty payable but the correct documentation and processes need to be followed to ensure family trusts remain robust and assets protected. Call Neil for general information relating to the abolition of gift duty and to assess if your assets are held…
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