Kapiti Financial Advice Limited – KiwiSaver and Investment
John Bolsover 
KiwiSaver and Tax We often get asked about KiwiSaver and tax. In short, you pay tax on the money your KiwiSaver fund earns (the profit it makes on your behalf), but you do not pay tax on any money you withdraw from your KiwiSaver account. Not all of the money that your KiwiSaver fund earns … Read more
Booster has launched Booster Savvy, an innovative smart account and Mastercard debit card, which also earns a competitive interest rate. Savvy is underpinned by an investment account but with a debit card and NZ bank account number, providing customers with access to their money to enable day-to-day payments and transactions, while still making a return … Read more
A Massey University report reveals a widening gap between NZ Superannuation and the cost of living in retirement. The New Zealand Retirement Expenditure Guidelines Annual Update 2023 examines various lifestyle choices and the savings that are required to fund the respective lifestyle. The study shows that your geographic location (metropolitan v provincial) and your personal … Read more
An article on Stuff this week highlighted the strong performance of Milford and Generate KiwiSaver funds over the longer term, as reported in the June 2023 quarter Morningstar KiwiSaver survey. Morningstar is an international financial services firm which conducts investment research, including their quarterly KiwiSaver survey. The Stuff article notes that Milford has been a … Read more
I have had a couple of enquiries over the past week about an article on Stuff expressing concern that KiwiSaver members are at risk from having “all your money invested with one manager”. I have given this some thought and it is not something that particularly concerns me. The writer gives the analogy that it’s … Read more
The Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Act 2022 became law on 9 May 2022. Most of the changes to the Act came into force this month. Unit title owners own a defined part of a building, such as an apartment, and share common areas such as lifts, lobbies or driveways … Read more
This year should see a change in market dynamics as interest rate hikes slow and rates peak. Previous interest rate increases should start to gain traction in containing inflation. The hope is that the central bank will manage to achieve a soft landing for the economy. Even if we enter recession, markets tend to focus … Read more
This week NZ Funds published an article discussing Russia’s suspension of the Nord Stream 1 gas supply. Natural gas prices have reached extraordinary highs. As of 6 September, Dutch TTF Gas was up 365% on a year earlier, while UK Natural Gas was up 245%. Part of the solution has been increasing supplies of Liquefied … Read more
As expected, the RBNZ raised the Official Cash Rate (OCR) by 50 basis points to 3.0% this week. The Bank also raised the future track for the OCR, forecasting a peak of 4.1% by mid 2023, slightly higher than in the previous May Monetary Policy Statement. The Reserve Bank upped their forecasts for non-tradeable inflation … Read more
It has been a pretty good period for equities over the last six weeks or so, with the NZX up 9% since the start of July, matching similar stories in Australia and the US. Last week stocks picked-up on headline news that in the United States the consumer price index rose at a slower pace … Read more