KiwiSaver is a work-based savings programme designed to help New Zealanders save for their retirement. Working New Zealanders joining KiwiSaver can choose to contribute from a minimum rate of 3% of their gross salary. Their employers are required to match this contribution with a pre tax contribution of 3%. All people joining KiwiSaver for the first time are eligible for a government kick-start payment of $1,000, and those able to contribute up to $1,042 each year also benefit from Member Tax Credit payments of up to $521. These benefits are unique to KiwiSaver and have secured it as the savings vehicle of choice for the majority of New Zealanders.
By participating in KiwiSaver, you can take charge of your financial future. Contributions from yourself, your employer and the Government will see your KiwiSaver account grow so as to build wealth available to you at retirement.
Our experienced KiwiSaver advisers at Financial Solutions Canterbury are such strong advocates of KiwiSaver that we provide free advice on KiwiSaver to all our clients. We believe that each client can only get the best out of KiwiSaver by being in a Scheme that matches their age, investment horizon and risk profile. A client in their twenties joining KiwiSaver to take advantage of its’ first home benefits should be in a significantly different KiwiSaver Scheme to a 35 year old client saving for their retirement.
We welcome the opportunity to discuss how KiwiSaver can best work for you.
To set up a free KiwiSaver appointment with one of our AFA’s please contact our office on 03 377 2929 or email us direct.