Q&As: How can employees get around the KiwiSaver restrictions on them, and how much should you contribute for your children?; A mother worries about whether she should sign up her children in KiwiSaver. Also: Some winning entries in the KiwiSaver book contest.
Q&As: KiwiSaver providers that are offering ethical investment funds; More on ethical KiwiSaver funds; Will the KiwiSaver kick-start be around for a while?; Could the government take KiwiSaver money to repay student loans?; Oops! Too much haste; Sack adviser who recently recommended Bridgecorp.
Sack the inaccurate journalists. A reader reports that she and her family “were quite astounded to find you recommend (KiwiSaver) so unreservedly.” “I’ve read several articles recently by other journalists, who have pointed out that one’s savings could well be handled — in the interim before one retires — so poorly that there could be none left to collect on retirement.
No tricks behind KiwiSaver doubling of money. A reader has “one or two problems” with my last column, in which I said people are silly not to sign up to KiwiSaver. “Your comments that ‘twice as much comes out at retirement’ and ‘triple the money in, triple the money out’… make one huge assumption — that the provider the investor chooses over time does not lose any money — a highly unlikely scenario surely!”, says the reader.
Q&As: What happens to KiwiSaver accounts in a divorce?; How KiwiSaver might affect NZ Super, and what you should do about it; A source of basic KiwiSaver information; The NZ share market index that includes dividends has been misleading in the past. How much does it matter?
Q&As: Three Q&As about KiwiSaver: Reimbursement of employer contributions; is daughter overseas eligible?; When is mortgage diversion helpful?; Where can you get the information that was in the three Herald supplements about KiwiSaver? …And: Rental property running costs mount up over the years.
KiwiSaver: Be in to win. Ever since the government announced its added incentives to KiwiSaver last month, everyone is talking about the retirement savings scheme. And well they might. While I still have reservations about the distortion of savings decisions, and while many employers are angry at being forced to contribute, practically all individuals will be better in than out.