All in KiwiSaver
This blog post took ages to research but should make your decision around choosing a KiwiSaver fund easier. Hopefully. This blog post title is a bold claim because the KiwiSaver market is fecking confusing. Still, I felt this was a blog that I had to write because frequently, I respond to emails or have conversations where people ask me point-blank what KiwiSaver fund should they use.
Because I like to make life difficult for myself, I thought I would write a blog post on the tax implications of using a FIF. A Foreign Investment Fund. Due to the proliferation of online investment providers like Hatch, Sharesies, InvestNow, Smartshares, Kernel, Betashares, Stake etc. I’m getting more and more emails from people who are concerned about the national and international tax implications of using these platforms.
To my surprise, I’ve chalked up five years of writing this blog! And I can’t quite believe it. I thought I’d blog today about what I’ve learnt, observed and what it’s like to write a blog because there is not a single day that has gone by that I’ve not emailed or spoken with someone about what I tend to refer to with my whanau and friends as ‘blog stuff’.
In my email I wrote last week to all of the fabulous people who subscribe to my blog, a decent number of people got in touch to thank me for the prompt I gave them to look at their own KiwiSaver before the 30th of June. So I thought I would do a quick blog post this week, using my own KiwiSaver statement as an example to show everyone how you can make sure you have contributed enough to your own KiwiSaver by the end of June to get the full government contribution of $521.43.
Whatever it is that you are embarking on that’s always the best place to start in my opinion. The beginning. Then just follow the path, in my case, the path to financial independence and eventually not being tied to a job to earn my income. It’s a long journey but it’s one worth starting. I’m often writing emails that cover the same points over and over again, so I thought that today I’d put that information into a blog post for all of the people wondering where to start and how to string all the bits of information you have learned about money into a cohesive order.
With our house prices continuing to climb, more and more pressure is going on first home buyers to save up the large deposit they need to buy a house. This is hardly news to you I know and this blog post is not really aimed at those of you who are poised and on the cusp of buying your first home, instead, it’s aimed at your far younger children, siblings, nieces, nephews and friends who might also want to both buy a home one day AND retire.
I’ve long said that there are alternatives to buying rental property and today I wanted to actually give you some decent detail on this. So today I’m going to give you an idea of what investing into KiwiSaver and index funds/ETFs actually looks like a few years down the track. I find with this blog of mine that it’s helpful to share some real numbers instead of just talking hypothetically all the time.
I recently asked subscribers of my blog to share their money wins for 2020 so you could get some insight into what fellow Kiwis did on a personal level to navigate 2020. It has been particularly awesome to hear from people during 2020 who had sorted themselves out financially either before, during or after Covid-19 came along and they are each now looking to the future feeling empowered and in control.
I’m having a muck around with one of two of our investments this week. A “re-balance” is the fancy terminology, but I’m taking the opportunity to make sure that we are sticking to our investment plan because I have a tendency to wander off track. Some people are super organised and set a date to do this once a year, I don’t, I’ve just become aware that ‘it’s time’.
