NZ Herald article 17 January 2008
Perspectives article on poor KiwiSaver performance. Earlier Herald article criticising KiwiSaver is misleading for two reasons.
Perspectives article on poor KiwiSaver performance. Earlier Herald article criticising KiwiSaver is misleading for two reasons.
Concern over remarks on old-age support largely unwarranted. People should not be put off joining KiwiSaver because entitlement may eventually occur later.
Q&As: Courses and grants help beneficiaries set up their own businesses; Big earner is wrong to think KiwiSaver is not for him; Why KiwiSaver money sits around at Inland Revenue for several weeks — although at least it earns interest.
Can’t afford KiwiSaver? That’s unlikely. A reader protests that, despite my suggestion that everyone under 65 should sign up to KiwiSaver, “reality has it that not many of us can afford it!”
Q&As: In defence of so many questions about KiwiSaver — and a challenge to readers; Getting the best out of KiwiSaver for a non-earning wife and college kids; Getting the best out of KiwiSaver for an early retiree on a low income.
Q&As: Eggs in baskets don’t really apply to term deposits, but there’s another way to diversify; Taxing options if you take flatmates in to help you pay the mortgage; 2 Q&As on how to make the most of KiwiSaver if you are in and out of the work force.
Q&As: Why don’t banks lend money for share investment?; 2 Q&As on how you can best help your grandchildren (or children) into KiwiSaver; Christmas gifts for those who really need them.
Q&As: Is now a good time for a 36-year-old to buy a house? And if so, should it be a bigger house, so she can take in tenants?; Four Q&As on how KiwiSaver works — or doesn’t work — for those living overseas or planning to live overseas.
Q&As: Why does the price of our milk rise when overseas demand goes up?; How and when to take a KiwiSaver contributions holiday — for children and adults; Two Q&As on KiwiSaver tax credits and timing.
Can’t afford KiwiSaver or saving elsewhere?: You should still join. Close to half of New Zealanders 18 and over who haven’t yet retired say they are unlikely or very unlikely to join KiwiSaver, a recent AMP survey shows. But a glance at their reasons for not joining suggests they don’t yet understand the scheme’s flexibility. They are missing out needlessly.