So i guess one of the first and easiest places to start investing is in kiwi Saver.

What is Kiwi Saver?
Kiwi Saver is a voluntary, work-based savings initiative to help you with your long-term saving for retirement. It’s designed to be hassle-free so it’s easy to maintain a regular savings pattern.

If you choose to join, contributions are deducted from your pay at the rate of either 3%, 4% or 8% (you choose the rate) and invested for you in a Kiwi Saver scheme.

– The key win here is that your Employer also contributes a percentage
(Normally 3%) Already you have 100% profit gain just by being involved!!!!! where else can you get that kind of return?!!

but wait there’s more…..

Member tax credit
To help you save, the Government will make an annual contribution towards your Kiwi Saver account as long as you are a contributing member aged 18 or over.

Government will pay 50 cents for every dollar of member contribution annually up to a maximum payment of $521.43. This means that you must contribute $1,042.86 annually to qualify for the maximum payment of $521.43.

$1,042.86(member contribution) + $1,042.86 (employer contribution) + $521.43(MTC)

=$1564.29 for your first $1,042.86!
this is an 150% return!!!!!!! on your first $1,042.86. ( before any fees or returns taken in account of course)


More to come….




Logan Kirk |

3 Replies to “Kiwisaver”

    1. Also the employer part isn’t compulsory. They may have the all inclusive clause in your contact meaning your contribution from the employer is paid by the employee.

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