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Find out how to maximize your KiwiSaver contributions. Getting good advice now could mean HUNDREDS OF THOUSANDS of additional dollars in retirement!
Get peace of mind with affordable insurance and quality cover. We can provide insurance comparisons and if you’re running a business, make the most of group discounted premiums and free advice in the following areas:
If you have not already bought your first home and you have been in KiwiSaver for at least 3 years, you can withdraw all employer’s contributions, your own contributions, plus any returns made on your investments. With recent changes to KiwiSaver you can also now withdraw the governments contributions, except you must leave a $1,000.00 balance.
If you’re a first-time home buyer, or a previous home owner and you’ve been making regular KiwiSaver contributions for 3 – 5 years, you may be eligible for a First Home Grant of up to $10,000. You apply for the grant through Kāinga Ora – Homes and Communities.
You must also make sure the house or land you want to buy meets the property requirements.
In the 12 months before you apply, you must have earned:
Property Value Requirements: https://kaingaora.govt.nz/home-ownership/first-home-grant/check-property-criteria/
KiwiSaver is heavily regulated by the government. Regardless of who you select as your provider, your money is managed and distributed by an independent trust separate from the provider. This provides more security and peace of mind around our money that is being invested.
Your weekly amount figure is based on a life expectancy of 90, and does not include your New Zealand Superannuation entitlements.
Your KiwiSaver account returns are subject to investment and other risks (including potential losses). No returns are guaranteed or assured, and returns can at times be negative, particularly given the length of the investment period shown in the illustration. Past performance is not necessarily an indicator of future performance and returns over different periods may differ.
At IKONIK, we’re passionate about financial education and helping everyday kiwis take control of their financial futures. We believe the unique service we offer is life changing. If you enjoyed your IKONIK experience as much as we enjoyed helping you , we’d love to help your loved ones too.
TOGETHER WE CAN MAKE A DIFFERENCE!
Whilst fees are an important factor in assessing the competitiveness of a scheme, studies have shown that “there is often an inverse relationship between fees and investment outcomes achieved by members, as those funds with the lowest fees will often provide lower investment returns than their higher fee counterparts”
Socially responsible investing (SRI) typically excludes investing in companies or industries that could have wider negative effects on the environment or society.
Choosing to invest in an SRI fund means you can avoid investing in companies or industries that don’t align with your personal values such as:
• Fossil fuels
• Nuclear power production
• Military weapons manufacturing
• Civilian firearms production
• Tobacco production
• Alcohol production
• Gambling operations
• Adult entertainment
• Genetically modified organisms
Some providers offer online forms, tools, calculators and information on how to optimise your KiwiSaver.
More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps too.