OHbaby! Forums : kiwisaver https://www.ohbaby.co.nz/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Mon, 06 Apr 2026 13:06:23 +0000 Tue, 15 Apr 2008 16:48:48 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.05 360 https://www.ohbaby.co.nz/forum/RSS_post_feed.asp?TID=15865 <![CDATA[OHbaby! Forums]]> https://www.ohbaby.co.nz/forum/forum_images/web_wiz_forums.png https://www.ohbaby.co.nz/forum/ <![CDATA[kiwisaver : I saw an article from Mary Holm...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356259&title=kiwisaver#356259 Author: Bobbie
Subject: 15865
Posted: 15 April 2008 at 4:48pm

I saw an article from Mary Holm (the Herald Kiwisaver advisor) who said that you can find providers who allow zero contributions - so I'm assuming there are some that require money to be put in other than the gvt. contribution.

Julia I was thinking about the bank but DH and I both have our accounts with ASB so I don't really want to do kiwisaver through them as well - the whole 'eggs in one basket' thing. But I will be opening up an account with them for Rowan and get the $10 credit they're offering.

Edited by Bobbie]]> Tue, 15 Apr 2008 16:48:48 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356259&title=kiwisaver#356259 <![CDATA[kiwisaver : Yeah we did all ours through our...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356211&title=kiwisaver#356211 Author: cuppatea
Subject: 15865
Posted: 15 April 2008 at 4:14pm

Yeah we did all ours through our financial advisor so am pretty happy with it. DH is already in a super sheme with his work so we aren't all tied into it. I figure if it goes tits up for Spencer then is no big deal as we haven't actually put anything into it.
Hmmmm didn't know about poss mandatory contributions but will cross that bridge if or when needed.]]> Tue, 15 Apr 2008 16:14:51 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356211&title=kiwisaver#356211 <![CDATA[kiwisaver : When I opened Issys savings account...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356199&title=kiwisaver#356199 Author: lilfatty
Subject: 15865
Posted: 15 April 2008 at 4:04pm

When I opened Issys savings account they mentioned I could open her a kiwisaver plan with them with zero contributions - maybe contact your bank Kate.

]]> Tue, 15 Apr 2008 16:04:01 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356199&title=kiwisaver#356199 <![CDATA[kiwisaver : Thanks Cuppatea - I was going...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356184&title=kiwisaver#356184 Author: Bobbie
Subject: 15865
Posted: 15 April 2008 at 3:54pm

Thanks Cuppatea - I was going to start one up for Rowan but I wasn't sure which providers allowed zero contributions. Might look into AXA as well.]]> Tue, 15 Apr 2008 15:54:46 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356184&title=kiwisaver#356184 <![CDATA[kiwisaver : Oh I should add, my Dad is an...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356160&title=kiwisaver#356160 Author: BellaBoo
Subject: 15865
Posted: 15 April 2008 at 3:36pm

Oh I should add, my Dad is an accountant so hopefully he knows what he is talking about!]]> Tue, 15 Apr 2008 15:36:42 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356160&title=kiwisaver#356160 <![CDATA[kiwisaver : On my dads advice we have signed...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356159&title=kiwisaver#356159 Author: BellaBoo
Subject: 15865
Posted: 15 April 2008 at 3:35pm

On my dads advice we have signed Bella up. We just put in $5 a fortnight for her. Kinda like a bank account for when she wants to buy a house with the advantage of a free $1000.]]> Tue, 15 Apr 2008 15:35:44 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356159&title=kiwisaver#356159 <![CDATA[kiwisaver : cuppatea wrote:Well they give...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356146&title=kiwisaver#356146 Author: MrsMojo
Subject: 15865
Posted: 15 April 2008 at 3:22pm

Originally posted by cuppatea cuppatea wrote:

Well they give you the $1000 and you don't have to put anything in. 60 years of compound interest and she probably won't need to do anything else for her retirement.


I have been looking into this to see if it's worth it for Michaela and noticed that the info regarding min contributions says "If you are not an employee, you may contribute to FirstChoice KiwiSaver at any rate that you choose. There is currently no minimum contribution amount or rate. Members will be notified if a minimum contribution amount is introduced." So if we do sign up for her and then they introduce a min contribution that means we'll have to start paying for the scheme.

Also concerned if the markets remain turbulent that the $1000 boost from the government won't go far, it's an investment scheme (purchasing units) rather than a savings plan so there's no compounding interest and if the funds go down so does the money in there. It's possible that the investment management charge would also eat the government boost away to nothing over time.

I would definitely speak with a qualified financial adviser before making any decisions.]]> Tue, 15 Apr 2008 15:22:53 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=356146&title=kiwisaver#356146 <![CDATA[kiwisaver : Hmmmm I&#039;ll have to look more...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=340981&title=kiwisaver#340981 Author: kebakat
Subject: 15865
Posted: 01 April 2008 at 8:00am

Hmmmm I'll have to look more into that. DH opted out of kiwisaver while we are on one income so haven't paid much attention to it since.]]> Tue, 01 Apr 2008 08:00:01 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=340981&title=kiwisaver#340981 <![CDATA[kiwisaver : Well they give you the $1000 and...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=340922&title=kiwisaver#340922 Author: cuppatea
Subject: 15865
Posted: 31 March 2008 at 10:41pm

Well they give you the $1000 and you don't have to put anything in. 60 years of compound interest and she probably won't need to do anything else for her retirement.]]> Mon, 31 Mar 2008 22:41:11 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=340922&title=kiwisaver#340922 <![CDATA[kiwisaver : yeah we looked into that...but...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=340910&title=kiwisaver#340910 Author: Bombshell
Subject: 15865
Posted: 31 March 2008 at 10:36pm

yeah we looked into that...but she can only use the money if she wants to use it to buy a house she will live in...we have trusts set up tohelp her out there so kiwisaver will be a moot point for that use and she will need to wait til 60 something then if not using it for that....UGH]]> Mon, 31 Mar 2008 22:36:10 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=340910&title=kiwisaver#340910 <![CDATA[kiwisaver : Yeah I saw this at the Parent...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=340880&title=kiwisaver#340880 Author: Kels
Subject: 15865
Posted: 31 March 2008 at 10:26pm

Yeah I saw this at the Parent and child show. Great idea

]]> Mon, 31 Mar 2008 22:26:52 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=340880&title=kiwisaver#340880 <![CDATA[kiwisaver : A couple of people have mentioned...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=340812&title=kiwisaver#340812 Author: cuppatea
Subject: 15865
Posted: 31 March 2008 at 9:57pm

A couple of people have mentioned this in the house/family thread thing (sorry can't remember what it was actually titled).

Just thought I would mention it in case people are unaware and might be interested. You can get kiwisaver for your children all you need is to apply for an ird number for them and then get it set up. We have Spencer in with AXA as we don't have to make any contributions and also if we want to make them they can just be random one offs doesn't have to be a set amount. The gov do not match what you put in but they do still put the $1000.

We figure it will be awesome for him if he is allowed to take it out for a house deposit when he is older and married and ready to give me some grandchildren ]]> Mon, 31 Mar 2008 21:57:00 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=15865&PID=340812&title=kiwisaver#340812