kiwisaver

Online investment company Sharesies is expanding into Kiwisaver next year, by launching its own scheme. 

Sharesies has already set up a waiting list for any interested customers over 18 who wish to join up.

NZ Herald Wellington business editor Jenee Tibshreany says that this is a new system shaking up a crowded market.

Jenee Tibshreany explained that this expansion will give consumers a range of funds to choose from, as they can split up their Kiwisaver amongst a wide variety of providers.

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Online investment company Sharesies is expanding into Kiwisaver next year, by launching its own scheme. 

Sharesies has already set up a waiting list for any interested customers over 18 who wish to join up.

NZ Herald Wellington business editor Jenee Tibshreany says that this is a new system shaking up a crowded market.

Jenee Tibshreany explained that this expansion will give consumers a range of funds to choose from, as they can split up their Kiwisaver amongst a wide variety of providers.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

Kiwisaver investors are still feeling brave when contributing to their managed funds.

The Financial Markets Authority says Kiwisaver funds have seen a 10 percent growth in the year to March.

Financial author Mary Holm told Tim Dower more people are moving into the higher risk funds and out of the lower risk funds.

She says the people who are braver and go into the riskier funds are going to retire with more money. 

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Kiwisaver funds seem to be doing well, despite increasingly nervous times.

According to the Financial Markets Authority, managed Kiwisaver funds have grown by 10 percent in the year to March.

Simplicity Managing Director Sam Stubbs told Roman Travers it shows the industry is still growing and people are still saving.

He says, if the product does well in tough times like this, it gives people confidence.

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Kiwisaver funds seem to be doing well, despite increasingly nervous times.

According to the Financial Markets Authority, managed Kiwisaver funds have grown by 10 percent in the year to March.

Simplicity Managing Director Sam Stubbs told Roman Travers it shows the industry is still growing and people are still saving.

He says, if the product does well in tough times like this, it gives people confidence.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

Turns out, our Kiwisavers could be a whole lot bigger if it wasn't for Robert Muldoon.

In 1975, Muldoon abolished the 37 week old superannuation scheme, but that's since been described as the worst decision ever made by a New Zealand government.

NZ Herald business editor at large, Liam Dann is with us to explain here.

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Each fortnight Mortgage Ability Director Marcus Hull joins Nick Mills for Money Talks.

This time he discusses how young Kiwi's can feel secure in light of record inflation, how people can ensure they have a good credit score and what will make retirement easier. 

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Ardern out and about in the South Island today but the Kiwisaver about face continues to plague her wherever she goes.

The Government will be trying to deflect attention over the next week to make us forget the past two, which has been a disaster for them.

Barry Soper observed “There’s no doubt it’s a shell-shocked government, they’ve all attempted to go to ground, but the prime minister couldn’t avoid it.”

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There's still room for improvement when it comes to taxing investment fund fees... despite the Government pulling the pin on its GST on KiwiSaver fees proposal.

The plan was axed less than 24 hours after it came to light following a wave of opposition.

Deloitte tax partner Allan Bullot says there are two buckets here -- the KiwiSaver one, and the non-KiwiSaver one.

He says the non-KiwiSaver side is messy - with swings and roundabouts on the tax front.

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It is a good day in New Zealand. The Government has backed down on their plans to tax your Kiwisaver. 

Is this the fastest back down in the history of backdowns in this country? 

Somebody needs to check David Parker for whiplash, such is the force with which he slammed the brakes on his own tax plan.

It’s amazing what the team of five million can do if we work together.  From the tax experts to the fund managers to the texters on this station and the opposition parties, we have all collectively said no to Labour.

 And a good bloody thing too, because had they gone through with the IR plans, we would have ended up with less money for our retirement. Individual savers with $100K in their pot would’ve lost about $20K over 25 years. Over 45 years we would’ve collectively lost $103 billion to the Government’s grasping.

Yes, it is a tax on the management fee of Kiwisaver rather than the funds in Kiwisaver, but the point is the same: we end up each accumulating less to retire on.  And when you think of it like that, it’s actually mad.  We want people to save money to retire on.  That’s the point of Kiwisaver.  When that is the aim, there is no justification for the government then pilfering so we end up with less to retire on. 

You know what else is objectionable? Trying to sneak it in through the legislation but not mentioning it in the press release yesterday afternoon.

And you know what else is objectionable? Bringing in another tax when they promised us no new taxes.

A retirement tax on top of the ute tax and the amazon tax and the landlord tax and the longer bright-line test tax.

It is our good fortune that David Parker is already this week donkey deep in bad news after being slammed by the Auditor General for the sloppiness with the cost of living payment. He could probably not handle any more.

 So congratulations New Zealand.  Here’s to people power. We’re stuck with this lot for at least another year but – as we saw today - if we work together we might just be able to stop their stupider ideas.

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Every fortnight property expert and one of Wellington's biggest landlords Matt Ryan joins Nick Mills for Hot Property.

This time he discusses changing mortgage repayment rates, how first-home buyers are feeling, Phil Twyford's housing fixes potentially coming to fruition and the Government's new KiwiSaver tax system. 

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Today on the podcast, Cat and Christine share an update on how their finances are tracking as we continue into 2022. It's been a hot minute since they last let you into what they're changing, or not changing when it comes to money and investments. So here they go! 

Specifically, they chat about: 

• Christine pays off her student loan! WOOP. This means more money in each paycheque, so what's she doing with it? 
• Working lumpy sums into a budget 
• Why Christine completely restructured her bank accounts
• Changing KiwiSaver and why Cat decided to switch hers to Kernel 
• Cat got a pay rise, yay! What's she spending the extra income on...and how she's battling lifestyle creep. 
• Cat goes on parental leave soon, how Kernel is supporting her with this 
• Both Cat & Christine invested in private equity - find out how they found the money to do it. Hint: there's some borrowing from family members included. 
• How Cat is feeling about and managing going down to one income when le baby comes! 
• Cat receives an inheritance, find out what she's doing with it. 

We hope you enjoy hearing our updates as much as we did sharing them!

Keen to share your story on a Money Moments episode? Get in touch via:
https://itsnosecret.co.nz/

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

After two years of border restrictions, it's safe to say that a lot of Kiwis are itching to leave the country. In fact, the government is estimating that 50,000 New Zealanders are going to leave over the next year to work overseas.

If you are 1 of the 50,000 Kiwis thinking of heading off,  here are some things that you should consider. So, grab your pen and paper, and make sure to take a note of these before you go!

In this episode, we cover:

• Cat and Christine's personal experience of moving across borders, From Aus to NZ, and NZ to Europe
• The extra costs that you need to consider like moving furniture, visas, insurance etc.
• How your income may be affected as you move to different countries due to the different job markets
•  How you will have to pay interest on your student loan if you are overseas
• Will you be keeping any money in your home country, such as your investments and KiwiSaver
• Why it is important that you have a clear goal in moving to a different country

...And there are lots more nuances in there that you may not even consider so get listening now. 

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Hello and welcome back to It's No Secret! Today on the podcast we're bringing you the fifth of six bonus episodes as part of our summer podcast series.

The summer series is dedicated to looking back at our most popular episodes of 2021 and sharing our favourite golden nuggets.

This week, we're chatting about all things retirement. When we need to start thinking about it, how much we believe we’ll need and more. 

We work through a real life example of how much you’ll need for retirement so this is an episode that is relevant to all and one not to miss. 

As part of the summer series, we’ll be running our final giveaway next week so be sure to keep an eye on our Instagram page, @itsnosecretnz. 

If you enjoyed today's show, we'd also LOVE for you to rate & review on Apple Podcasts and share your favourite episode with a friend.

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.