Kiwi Saver

Old May 17th 2021, 9:08 pm
  #1  
MODERATOR
Thread Starter
 
MrsFychan's Avatar
 
Joined: Oct 2011
Location: Wellington - I miss Castles, the NHS & English school system
Posts: 9,059
MrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond repute
Default Kiwi Saver

As the Government has taken some suppliers off "the list"? should everyone be looking at moving their accounts with those removed?
How do you know which provider will bring the best returns at the lowest rates? Is there a comparison site like they have for power?

Whats everyone doing about theirs? I'm with ANZ at the moment but as they have been removed from the list not really sure what that means for my investments
MrsFychan is offline  
Old May 18th 2021, 5:59 am
  #2  
Forum Regular
 
Joined: Jul 2014
Posts: 244
Timmy Chch has a reputation beyond reputeTimmy Chch has a reputation beyond reputeTimmy Chch has a reputation beyond reputeTimmy Chch has a reputation beyond reputeTimmy Chch has a reputation beyond reputeTimmy Chch has a reputation beyond reputeTimmy Chch has a reputation beyond reputeTimmy Chch has a reputation beyond reputeTimmy Chch has a reputation beyond reputeTimmy Chch has a reputation beyond reputeTimmy Chch has a reputation beyond repute
Default Re: Kiwi Saver

https://sorted.org.nz/must-reads/kiw...means-for-you/

This specific page tells you what and why it's happening and the website itself compares all (I believe) the funds out there.
Timmy Chch is offline  
Old May 18th 2021, 6:22 am
  #3  
BE Enthusiast
 
Joined: Jul 2008
Location: Auckland
Posts: 459
Clappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond repute
Default Re: Kiwi Saver

No change for me. I am not in one of the default funds and have not been from the start.

It is a wake-up call to all those who are in a default fund to have a think about whether or not it is appropriate for them and look for advice if they are not sure.
Clappy is offline  
Old May 18th 2021, 7:23 am
  #4  
Lost in BE Cyberspace
 
Bo-Jangles's Avatar
 
Joined: Jun 2005
Location: In a large village called Auckland
Posts: 5,192
Bo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond repute
Default Re: Kiwi Saver

There is also https://www.canstar.co.nz/kiwisaver/
Bo-Jangles is offline  
Old May 20th 2021, 12:16 am
  #5  
BE Enthusiast
 
chc4me's Avatar
 
Joined: Jan 2011
Location: New Zealand
Posts: 451
chc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond repute
Default Re: Kiwi Saver

A Default scheme is for investors that joined KiwiSaver but never made a choice about which provider to join or which fund to invest in. If you didn't do that, you will be in a Default scheme. If you did make your own choice, then nothing changes for you. However, it is a good reminder to check on your own KiwiSaver plan and make sure it is doing what you want. Here is a suggested checklist:
1. Choose your own provider. (Service, fees, returns, technology etc)
2. Choose the right investment fund that suits your circumstances (Low, Medium, High risk or something else)
3. Check that you have nominated the correct tax rate (10.5%, 17.5% or 28%)
4. Check your contributions, should these be increased? (Minimum contribution of $1,052 before 1 July each year to achieve the Govt contribution of $521 Free Money!!)
chc4me is offline  
Old May 24th 2021, 2:00 pm
  #6  
Truth is the safest lie.
 
Charismatic's Avatar
 
Joined: Jul 2008
Location: @ the beach.
Posts: 7,162
Charismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond repute
Smile Re: Kiwi Saver

Just the default providers are changing. You don't need to "do" anything, just shop the market every so often to make sure you are still getting the best deal (i.e. low fees, good service, invested in the correct fund etc.) Fees and charges particularly tend to be a really important to keep as low as possible in passive investments.
Charismatic is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.