We welcome you to the NEST blog – the place and space for us to share words and wisdom about the topics most important to you, when thinking about insurance, health and wellness and other important things when it comes to living and leading a happy and healthy life.

As we edge closer to the Christmas break, it’s a great time to ask the question – am I prepared for my biggest break of all? We are of course talking about retirement. While for many of us the idea of retirement is a long way away – we all need to be thinking about what measures are in place to ensure we reach retirement ready to relax and enjoy the rewards of working life.

Introducing Kiwisaver by Nest.

We have the skills and tools to get you or your business up and running with Kiwisaver, answering any questions or queries you may have, while ensuring you get the plan that’s right for you and your retirement goals.

KiwiSaver is a national initiative that kicked off 1 July 2007 to boost the long term retirement savings of Kiwis. It’s not meant to replace any existing super arrangements, but rather provide a platform for Kiwis to be able to save by taking a wee bit of money out from your salary or wages.

If an employer pays employees based in New Zealand through the PAYE system, they must usually enrol those who start a new job in KiwiSaver and will have to make deductions from their gross salary and wages and pay these to the IRD, beginning on their first pay run. An employee who is enrolled but does not want to be a KiwiSaver member can opt out in a set period after starting the new job. A person who wishes to join KiwiSaver but doesn’t start a new job can also join.
By jumping into KiwiSaver you’ll be able to take advantage of an awesome range of benefits…

For every buck you contribute, the government will contribute 50c up to a maximum of $521.34 per Kiwisaver year.

Compulsory employer contributions are 3%.

First home assistance programmes, which we can tell you all about here at Nest.

This time last year, it was predicted that Kiwisaver would have around 630,000 Kiwis getting involved. Blowing that out of the water, this time last year we had 2.35 million signed up.

Almost 70 per cent of this number made an active investment choice – so it really pays to know what choices are available for you to invest your wicket in.
Your KiwiSaver account is locked-in until you reach the age of eligibility for NZ Superannuation (currently 65) or completing 5 years’ membership if later. There are exceptions – early withdrawals may be permitted for first home purchase, significant financial hardship, serious illness, death, or permanent emigration

To find out how we can help you unlock your best future with Kiwisaver, give us a call on 0800 NEST 78 for a free consultation.

Cheers,
Onny and the team.