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How NZSuperFund Uses Value-Adding Strategies To Increase The Money In The Fund

NZSuperFund was set up to reduce the tax burden on future taxpayers, regarding the cost of New Zealand superannuation. It invests Government contributions into investment opportunities to further grow the amount of money in the fund. In doing so, it takes into account three potential value-adding strategies.  Strategic Tilting As a value-adding strategy, strategic tilting…

Gender Inequality in Superannuation

Gender Inequality in Superannuation

Gender gaps can affect superannuation funds as much as they can affect salary rates. With barriers to entering into fields, lower hourly rates of pay, less hours worked and more unpaid labour affecting the amount of super New Zealand women are retiring with, as compared to men.   Currently, the median man’s KiwiSaver balance is…

What Tax do I pay on my KiwiSaver?

What Tax do I pay on my KiwiSaver?

KiwiSaver contributions come from before-tax pay, at a set rate. The KiwiSaver scheme invests these contributions made by individuals so that those contributions can earn money straight away. This means that the profits that those contributions make may need to be taxed. To use the right tax rate, it’s important to know what kind of…

Growing your super fund

Growing your super fund

Your super is often the money you rely upon during your retirement. Therefore, if you feel that you have enough funds for day to day life, you may want to grow your super. There are many ways to do this: Employee contributions: Contribute to your super through your pay, or discuss with a scheme provider…

Withdrawing from your KiwiSaver

Withdrawing from your KiwiSaver

The KiwiSaver scheme allows you to voluntarily save up so that when you retire, you are financially secure. However, situations can arise during which you find yourself needing the support of your KiwiSaver before retirement. If you find yourself in one of the following situations, you are permitted to withdraw money from the KiwiSaver: Permanent…