Do you plan to join kiwi saver?
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Do you plan to join Kiwi Saver?
83Yes - I would like to start building a nest egg20.48%17yes - I plan to use first home buyer/mortage repayment/etc while taking advantage ot tax incentives8.43%7No - I prefer to do it myself thank you48.19%40mmmm - not sure22.89%19Tags: None
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Originally posted by Josko View PostSorry Mlkmnz, the government will only put in a once off 1k for the first year not yearly... if that is what you are implying.
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Its not cash in the hand but its better than a kick in the balls.
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Originally posted by CJ View PostDo you plan to join kiwi saver?
an option), joining at age sixty seems to have quite
a different outcome to joining age thirty.
Would someone better at number crunching have a go
at describing the cost benefit analysis variations at 10
year gaps, from 20 to 60?
Would the pay-out be income, for tax purposes? I can't
recall seeing mention of that. (I didn't look very hard)
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Originally posted by SuperDad View PostI can't join.
I'm unemployed, and I'll never ever have a job, ever.
Paul.
Not sure if an adult with no income can pay in say $20 pw and get the matching tax credit.
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Forestlands NZ Ltd www.forestlands.co.nz has $1000 shares available (and can be paid off over a year), which I would've thought would be a much more attractive offer for people wanting an entry level scheme.
Buying at least 2 shares every year is still only $20 per week, and for most probably a better return.
I for one wouldn't be counting on any government to look after me and my family. Sure, make use of any incentives that you are entitled to and help your situation in the present time, but I wouldn't rely on any of their empty promises.
Politicians are only interested in looking after themselves.
It'll (kiwisaver) only get changed years down the track and then all these poor sods will be back to square one.
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Artemis is right, even unemployed & children can join.
There are plenty of little sweetners to this scheme, and I'm surprised so many people here aren't jumping in.
* Employees get $1K from govt to kick start.
* Employees get up to $1K p/a tax credit for contributions
* Employer gets up to $1K p/a tax credit for their contributions per employee
* Contributions from employer to scheme are tax free
Glen- I disagree, any funds put into these funds will be in the names of individuals, not the government. If a future government stops Kiwisaver the balance in the fund will just sit there until maturity... not lost altogether.
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Originally posted by artemis View PostYou can still join and collect the $1000. So can children. Looks like children will not have to pay anything in (4% of zero is zero). Children won't qualify for the tax credit of up to $20 pw though.
Not sure if an adult with no income can pay in say $20 pw and get the matching tax credit.
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