The Government is cautiously supportive of including higher KiwiSaver contribution rate options and “increasing KiwiSaver coverage” but cannot say yet what that might mean.
Commerce and Consumer Affairs Minister Jacqui Dean has released the Government’s response to the Retirement Commissioner, Diane Maxwell’s, review of retirement income policies.
With the Reserve Bank changes potentially making it harder for first home buyers to get in to the property market, here’s some tips to help your children into their own home and avoid them living with you in your retirement.
Britain’s decision to exit the European Union (“Brexit”), followed swiftly by UK Prime Minister David Cameron’s resignation, creates considerable economic and political uncertainty. It will be some time before we know all the answers. The negative market reaction to the narrow victory (52% vs 48%) for the “Leave” camp has been exacerbated by markets going into the referendum expecting exactly the opposite outcome, a narrow “Remain” victory.
To help Kiwis save, the NZ Government may put a little extra contribution into your KiwiSaver account. This is called a Member Tax Credit. Watch this short clip from AMP to learn more…