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Absolutely no obligation
When you talk with us there is absolutely no pressure and no obligation. We discuss options in plain English and fully understand you will need time to make your own evaluations.
You are welcome to check out our complete range of financial and insurance services.
Let us help you decide if KiwiSaver is right for you!
Do I have to join?
Membership is voluntary and available to all New Zealanders under 65. If you’re 18 or over and start a new job you’ll be automatically enrolled, but you can ‘opt out’.
By joining you can help save more for your retirement.
Every time you are paid, either 4% or 8% of your before-tax pay will be deducted from your pay and placed in your KiwiSaver account.
What happens if I change jobs?
If you change jobs or leave the workforce your KiwiSaver account goes with you.
Does the government help?
You get a kick start of $1,000 when you join and an annual fee subsidy of $40 paid into your KiwiSaver account.
Are there any tax benefits?
You’ll get a tax credit matching the contribution you’ve made, to a maximum of $20 per week or $1,040 per year paid into your KiwiSaver account annually.
Does my employer contribute?
From April 2008 your employer must match your contributions to KiwiSaver starting at a minimum of 1% of your pay, and increasing by 1% each year until it reaches 4% in April 2011. Your employer may contribute more than these amounts and start immediately.
I want to buy a house first.
The government may give you another $1,000 for every year you contribute to KiwiSaver (minimum 3 years or $3,000, maximum 5 years or $5,000) towards a deposit for your first home.
I’d rather pay my mortgage off.
After contributing for 12 months you can divert up to half of your own contributions only to mortgage payments on your main home.
Who chooses where my money goes?
You may choose the organisation your KiwiSaver funds are deposited in or your employer may have selected a preferred organisation or the government will select an organisation for you.
Is Kiwi Saver a good idea?
If you can afford a minimum of 4% of your pay being locked away until you’re 65, or older, then KiwiSaver could provide an easy and affordable way to save more for your retirement.
However, there are other options which may be more flexible and work better for you. Talk to us at MoneyCoach for the full story on KiwiSaver and whether it’s right for you.
Please email or phone us for details:
 Kelvin McKissock - Adviser kelvin.mckissoch@lifetime.net.nz Ph (03) 379 0184 |
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