KiwiSaver changes…..
Interesting article on stuff this morning regarding KiwiSaver – highlights why you should make an appointment to meet with an Authorised Financial Advisor (AFA) about your KiwiSaver. Call us now to make an appointment!
http://www.stuff.co.nz/business/money/6282134/ANZ-calls-for-KiwiSaver-change
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
KiwiSaver Budget 2011 Changes
The Budget 2011 announced changes to KiwiSaver, Working for Families and Student Loans. The proposed changes to these schemes are intended to make the schemes more sustainable.
For more information, fact sheets and media statements providing information on these changes please click on the below link:
http://taxpolicy.ird.govt.nz/news/2011-05-19-budget-2011-tax-announcements
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Thorners November 2010 Newsletter
Read about UK Pension Transfers and KiwiSaver.
Click here to read the November 2010 Newsletter.
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Thorner Investment Services Ltd
Peter West has arrived and Thorner Investment Services has begun.
Contact Peter if you need any KiwiSaver or investment advice.
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Kiwisaver Three Years On
3 years on, over $5.5 billion invested across 1.4 million members and still 1,000 new members are signing up each day!
Do you need to speak with us to discuss your options?
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Considering KiwiSaver – need some quick pointers?
See the attached link for one minute of KiwiSaver tips…
Let us know if you need further advice.
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Thorners October 2009 Newsletter
Mortgage interest Rates:
Interest rates continue to fluctuate and the gap is widening between the short term fixed and floating rates and the longer term fixed rates. Overseas pressure remains on long term funding and whilst short term rates are expected to remain stable over the next few months, predictions are that the floating rate could be back at 8% within 18 months.
It is also timely to remind you that it’s better to have consumer debt e.g. credit card balances & HP’s transferred to your home loan to make considerable interest savings.
Funding for rental properties and over 80% borrowing is tightening and you are encouraged to approach me to discuss any home lending you or your family may be considering.
KiwiSaver:
Have you and your family got your slice of the KiwiSaver cake yet? Membership continues to grow rapidly with total membership now close to 1.2 million people. The demographics are interesting with 17% of members under 18 years of age and 18% aged 55 plus.
KiwiSaver is a tremendous opportunity for every New Zealander whether you are a child or under the age of 65, even if already retired or not working.
If you or your family members are not a member or are in an IRD default scheme we should discuss how KiwiSaver could work for you. The benefits including the $1,000 kick start and Government contribution matching to $1,042 p.a. are hard to beat.
Life Insurance Premiums:
Everybody dislikes paying premiums and I am constantly told that clients are over insured but the widow or widower always says the cover could have been higher.
Options are now available to make premiums affordable over the longer term and are known as level premiums. There are considerable long term premium savings to be made utilising level premiums and I should also note that the premium is guaranteed for the term of the contract so will not be subject to any changes following the introduction of new Life Industry tax changes being implemented from July 2010.
Why would you not transfer to this? This is the question I am asking everybody. Let me provide you with some level life premium options to show you the premium savings that can be made over the life of the policy.
Competitions:
Sovereign have a great offer to clients where they can enter to win an $8,000 holiday plus $2,000 spending money. Just visit www.sovereign.co.nz and follow the home page link.
I am available to discuss your insurance and investment needs in what is a difficult time for many of us at the moment so please feel free to contact me if you have any questions. My personal email is denis@thorner.co.nz or ph 04 528 8088.
I look forward to hearing from you soon.
Kind regards
Denis
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
KiwiSaver Statistics June 2009
KiwiSaver has recently had a second birthday that celebrated over 1,100,500 members. Of these people 52% were female and only 18% of the total membership were aged 55 plus.
Employee deductions in June 2009 amounted to $62,477,285 and for the financial year ending 30 June were $916,603,051. Total payments by the IRD to providers including kick starts and member tax credits amounted to $2,116,241,037.
Have all of your family had their slice of the cake from KiwiSaver? Whether working or not, so long as you or your family members are under 65 years of age, we can show you how to benefit from KiwSaver. The compounding effect of the additional benefits is hard to beat in the current financial climate.
Contact us if you require more information or would like to join.
Click here to view our disclosure statement
Click here to email Thorners or Call Us on (04) 528 8088
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Maximising KiwiSaver Tax Credits
Those KiwiSaver members who have contributed less than $1,042 in the year since 1 July may miss out on maximising their Member Tax Credits.
As you know, provided the member is aged over 18, the Government will match their contributions for the year to 30 June, dollar for dollar, up to a maximum of $1,042 per year. If they have been a member for less than a year, or turned 18 during the year, they are eligible for a proportionate amount.
A number of members who will have contributed less than $1,042 in the current year. In such cases the Government will match only what they’ve paid in. Under the rules, a member can “top up” their contributions at any time prior to 30 June to ensure they’ve contributed at least $1,042 in the current year, and hence gain the full benefit of the member tax credit.
You should speak to Thorners if you are aged 18 and older and believe you have contributed less than $1,042 to your Kiwisaver in the last year.
We service clients NZ wide so contact us for information today.
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
KiwiSaver Statistics December 2008
The continued growth in KiwiSaver saw membership reach 900,509 members at 31 December 2009 with 51% being females. Nearly half opted in via a provider of their choice with 35% going to one of the default funds due to lack of personal choice.
Of interest, 136,330 members are aged 17 or under and only 166,795 members are ages 55 or over.
Both of these age groups can get considerable value from joining KiwiSaver and membership of these people is expected to be the growth area.
Changes being introduced from 1 April 2009 include the minimum members contribution dropping to 2% but anybody availing of this reduced amount should seek financial advice to ensure they are maximising the benefits.
Employer chosen schemes are also increasing in number as employers and staff see the benefits of membership through this type of facility.
Contact Thorners if you have any questions on how KiwiSaver can work for you or your employees.
Click here to email Thorners or Call Us on (04) 528 8088
Click here to view our disclosure statement.
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
