Your
KiwiSaver is a great way to get ahead financially
KiwiSaver is a very attractive way of investing and should form the core of your retirement savings. The scheme is designed to make saving for your future straight-forward.
Learn how you can maximize on your KiwiSaver investment and how you can use it to purchase your first home and maximize your saving for retirement.
- Do you know which KiwiSaver fund you are in?
- Do you know the difference between growth fund and a default fund?
- Do you know which is your prescribed investor rate?
If you’re employed, your employer will do most of the work for you; – your contributions are deducted from your wages, automatically.
By doing these chances are that you may be in a default investment portfolio that isn’t quite right for you.
At Pecxer we believe that you want to make most out of your KiwiSaver investment and as a result, you want to be more involved in deciding your contribution rate and finding the right mix of investment and how these choices could likely affect you. We would like to partner with you in making a more informed decision about your KiwiSaver.
We can advise you on
The benefits of KiwiSaver which include
- 3% contribution from your employer
- Member tax credits of up to 521.43 every year
- First home loan withdrawal
Up to $10,000 home start grant
Money held in a trust - We can also discuss the benefits of
an early start in KiwiSaver savings - Importance of being in the correct fund choice
- The benefit of working with Pecxer Financial Services Ltd.
What About our children?
As soon as your children have their IRD number, they should be enrolled in a KiwiSaver plan!
The beauty of enrolling them into KiwiSaver at a young age is the power of compounding interest- the snowball effect that happens when your earnings generate even more earnings- You receive interest not only on your original investments, but also on any interest, dividends, and capital gains that accumulate—so your money grows faster and faster as the years roll on.
What’s more, they could use their deposited contributions as a down-payment for a house when they’re old enough. We’re here to answer any questions you might have.
“Letting your money work for you is a key component of saving for retirement. Compound interest, dollar-cost averaging, tax-deferred savings, and diversification help lower your risk and boost your return on investment over time.
Compound interest is the interest on your principal plus interest on the interest you earned previously.
For example, a single investment of $10,000 at 5% compounded annually earns $10,789 in interest over 15 years for a net amount of $20,789. Straight interest would accrue at the rate of $500 per year, $7,500 in total interest, for a net amount of $17,500. When interest is reinvested and compounds at 5%, it adds another $3,298 to the value. That is the magic of compound interest.”
