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| Thread ID: 66601 | 2006-03-01 01:09:00 | KiwiSaver will you contribute | KiwiTT_NZ (233) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 434754 | 2006-03-01 01:09:00 | Just Wondering who would contribute and how much | KiwiTT_NZ (233) | ||
| 434755 | 2006-03-01 01:12:00 | what is it? | mejobloggs (264) | ||
| 434756 | 2006-03-01 01:20:00 | what is it?See NZ Herald (www.nzherald.co.nz) or here (www.nzherald.co.nz) | KiwiTT_NZ (233) | ||
| 434757 | 2006-03-01 01:39:00 | I put only if tax advantage, but come to think of it, I would probably do the 8% anyway... would be a bonus if there are tax advantages, and you get $1000 from the Govt apparently. I'd just stick it to 8% and reduce my current savings by the same amount. Mike. |
Mike (15) | ||
| 434758 | 2006-03-01 03:07:00 | Everyone needs to save for retirement and I'm all in favour of compulsory saving However, I'd be a lot keener if successive govt's didn't waste so much of the tax take on pandering to immigrants needs/wants and concentrated on Kiwis needs/wants, ridiculous payouts for this that and the next thing (the list is far too long to go into here) and generally wasting so much of our money that we end up short of cash in so many crucial areas. This is just another step in "goodbye superann, hello food stamps" |
bartsdadhomer (80) | ||
| 434759 | 2006-03-01 03:14:00 | hhhhmmmmmmmmm ...... food stamps (slober) | Biggles (121) | ||
| 434760 | 2006-03-01 05:32:00 | Any saving I do will be in a bank, not some dodgy governmnet scheeme. They've had that sort of thing before. Ooops, sorry we seem to have spent it all....Next. | pctek (84) | ||
| 434761 | 2006-03-01 05:41:00 | Sounds interesting, but I'd have to see the details. All this saving the Government wants you to do sounds good, but if you have debt I don't see the point of saving (pay the debt off first). |
gibler (49) | ||
| 434762 | 2006-03-01 05:54:00 | All the info you could want about kiwisaver is here (www.ird.govt.nz). Mike. |
Mike (15) | ||
| 434763 | 2006-03-02 20:54:00 | The critical element which isn't talked about is who will be running the scheme(s)? That hasn't been decided yet. Also Kiwi Saver is not government guaranteed. The investment finance industry has a woeful record of poor returns. Few funds equal the average growth across asset classes. If you examine fund investment results, you will find that sometimes their growth looks satisfactory but doesn't allow for the deductions that individual investors face. So the nett result to the private individual can be less than the published result. For more info I suggest Gareth Morgan's site where there are excellent articles on a complex topic. Just as a pointer, the Cullen fund has lost money, although hopefully that has recovered lately. So the Government's own billions fund has failed, at least for a period - what chance your fund will do any better? Having said that, I'm inclined to support the Kiwi Saver scheme as better than nothing. |
Winston001 (3612) | ||
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