https://www.ohbaby.co.nz/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Wed, 29 Apr 2026 10:01:31 +0000 Thu, 14 Jun 2007 20:56:16 +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=8251 https://www.ohbaby.co.nz/forum/forum_images/web_wiz_forums.png https://www.ohbaby.co.nz/forum/ https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160988&title=kiwi-saver-discussion#160988 Author: busymum
Subject: 8251
Posted: 14 June 2007 at 8:56pm

With DH starting a new job, our endevour is to save $30 a week of "no-touchie" money. Well it's to cover unexpected things like washing machine breaking down and the recent car seat upgrade we had to do suddenly. But it's not to cover purchases (clothes, furniture) or regulars like car maintenance. I like saving for myself, generally speaking, cause then I can choose how and when I spend it - maybe I'm a control freak like Emma ]]> Thu, 14 Jun 2007 20:56:16 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160988&title=kiwi-saver-discussion#160988 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160955&title=kiwi-saver-discussion#160955 Author: Bombshell
Subject: 8251
Posted: 14 June 2007 at 8:11pm

we wont be doing it...we have house, investments and really see no benefit to us.

However - am still trying to get my head around whether or not entering into the bank one for miss Gabriella would be worthwhile with the startup etc....Im waiting for it to settle and be more set in stone with what the banks are offering and if it is that she will benefit then i will open one for her. If it goes under then we wont really have lost anything...if it continues then she may benefit once she is 18.]]> Thu, 14 Jun 2007 20:11:42 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160955&title=kiwi-saver-discussion#160955 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160707&title=kiwi-saver-discussion#160707 Author: Paws
Subject: 8251
Posted: 14 June 2007 at 2:10pm

fattartsrock wrote: I am op the opinion that unless the GVT makes us save for our retirement (or at least dangles big carrots) most people won't, and we really need to. I do relaise it is a lot of $ out of lower income earners wages, though, and shoddy employers will use it as a bargaining tool, but in general its a great idea. JM2CW

I agree!! NZ has the WORST savings record worldwide I believe it is....that is shocking....kiwis cannot save. (and yes I put myself in that boat too). I would rather be forced to save now and actually have something for my retirement that to have nothing.]]> Thu, 14 Jun 2007 14:10:00 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160707&title=kiwi-saver-discussion#160707 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160696&title=kiwi-saver-discussion#160696 Author: fattartsrock
Subject: 8251
Posted: 14 June 2007 at 1:51pm

I am op the opinion that unless the GVT makes us save for our retirement (or at least dangles big carrots) most people won't, and we really need to. I do relaise it is a lot of $ out of lower income earners wages, though, and shoddy employers will use it as a bargaining tool, but in general its a great idea. JM2CW]]> Thu, 14 Jun 2007 13:51:19 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160696&title=kiwi-saver-discussion#160696 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160678&title=kiwi-saver-discussion#160678 Author: caliandjack
Subject: 8251
Posted: 14 June 2007 at 1:15pm

This time the money goes into your own superannuation fund provider, ie ASB, AMP etc its not managed by the govt. The previous superannuation (which national spent) was run by the govt.]]> Thu, 14 Jun 2007 13:15:53 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160678&title=kiwi-saver-discussion#160678 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160670&title=kiwi-saver-discussion#160670 Author: Lulu
Subject: 8251
Posted: 14 June 2007 at 1:07pm

The government has had a super scheme before where everyone lost all their money that they had put in. Kiwisaver is not guaranteed. I trust myself with my own investing, not the government.

]]> Thu, 14 Jun 2007 13:07:28 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160670&title=kiwi-saver-discussion#160670 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160648&title=kiwi-saver-discussion#160648 Author: busymum
Subject: 8251
Posted: 14 June 2007 at 12:35pm

hmmm I agree that mortgage thing seems to be a good idea...]]> Thu, 14 Jun 2007 12:35:12 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160648&title=kiwi-saver-discussion#160648 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160619&title=kiwi-saver-discussion#160619 Author: miss
Subject: 8251
Posted: 14 June 2007 at 11:52am

We are looking at the ASB offer too - they have already sent us info and suggested we look at the mortgage ting. it isn't high on our priorites at the moment, but once things have settled with bubs we will look into it properly.]]> Thu, 14 Jun 2007 11:52:07 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160619&title=kiwi-saver-discussion#160619 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160616&title=kiwi-saver-discussion#160616 Author: minik8e
Subject: 8251
Posted: 14 June 2007 at 11:43am

I think I'm going to join...the only thing that REALLY worries me, is employers using it as a bargaining tool for salary/wage levels... In saying this, we will use the deposit subsidy, and the mortgage contributor thing if the provider offers it (I'm looking at ASB as a provider, as I already bank with them and I think they're fairly solid). Still, for me, 4% is not a huge amount as I only work between 10 and 14 hours a week, and 22 in the holidays (I'm a Uni student).]]> Thu, 14 Jun 2007 11:43:24 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160616&title=kiwi-saver-discussion#160616 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160578&title=kiwi-saver-discussion#160578 Author: caliandjack
Subject: 8251
Posted: 14 June 2007 at 10:47am

I'm signing up, you get $1000 after 3 months, and depending on the provider you are with, after 12 months you can put half of it onto your mortgage, and you get 1% from your employer that means my employer is contributing to my mortgage..yay!
With the tax back I'm only paying $7. Also i'm a hopeless saver, anything that forces me is a good thing.]]> Thu, 14 Jun 2007 10:47:16 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160578&title=kiwi-saver-discussion#160578 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160575&title=kiwi-saver-discussion#160575 Author: emz
Subject: 8251
Posted: 14 June 2007 at 10:44am

4%! Hah! Try having 7% of your income being in COMPULSORY super savings (Defence Force). That's over $120 a fortnight net that we have no say over where it goes. The benefits are pretty OK, but for a young couple with a MASSIVE mortgage, it's pretty tough. But in 40 years time we'll have a couple hundred thousand just from DH's super alone so that's good.]]> Thu, 14 Jun 2007 10:44:26 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160575&title=kiwi-saver-discussion#160575 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160496&title=kiwi-saver-discussion#160496 Author: SMoody
Subject: 8251
Posted: 14 June 2007 at 9:13am

We have decided not to go for it. We made the same mistake in SA. Huge policies for the future ect. And even took out extra policies. And when we saw the results it was not worth it. We could have invested that money better ourselves. And that is what we are doing this time around. ]]> Thu, 14 Jun 2007 09:13:13 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160496&title=kiwi-saver-discussion#160496 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160476&title=kiwi-saver-discussion#160476 Author: busymum
Subject: 8251
Posted: 14 June 2007 at 8:46am

I'm just not sure about locking money into a fund for 40 years when we still have a family to raise! We already have our first home so no incentive there for us. And I don't understand the opting out clause. After 3mos there's no way to opt out, does that then confirm that yoyu can't get your hands on it, or does it also mean that you will be required to stick with the contribution until you're 65??]]> Thu, 14 Jun 2007 08:46:25 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160476&title=kiwi-saver-discussion#160476 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160442&title=kiwi-saver-discussion#160442 Author: nuttymama
Subject: 8251
Posted: 14 June 2007 at 6:30am

We are with you Bee at the moment we simply can't afford to lose that much money a week!]]> Thu, 14 Jun 2007 06:30:16 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160442&title=kiwi-saver-discussion#160442 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160421&title=kiwi-saver-discussion#160421 Author: Paws
Subject: 8251
Posted: 13 June 2007 at 10:39pm

We'll be doing it for sure....we need to get saving and the incentives are great. Plus B is due for a pay rise soon so hopefully that will come close to covering it.

B's pretty up on the info too seeing as ASB is one of the providers so he's been through all the relevent info.

www.kiwisaver.govt.nz]]> Wed, 13 Jun 2007 22:39:31 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160421&title=kiwi-saver-discussion#160421 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160420&title=kiwi-saver-discussion#160420 Author: Bumble
Subject: 8251
Posted: 13 June 2007 at 10:35pm

nope.... we are not going for it.... i mean 4% of salary before tax, then it is taken out after tax...puhlease....

We just cant afford to lose that much a month..... Not with needing to redo our mortgage next year.... ]]> Wed, 13 Jun 2007 22:35:27 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160420&title=kiwi-saver-discussion#160420 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160399&title=kiwi-saver-discussion#160399 Author: mummy_becks
Subject: 8251
Posted: 13 June 2007 at 10:03pm

We have been talking about it and for DH he is better off joining it with the $20 they give back to you (only by $1 a week but still $1 is something). Still a lot more research to be done yet (more with the providers that are going to be taking our money).]]> Wed, 13 Jun 2007 22:03:27 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160399&title=kiwi-saver-discussion#160399 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160371&title=kiwi-saver-discussion#160371 Author: busymum
Subject: 8251
Posted: 13 June 2007 at 9:26pm

It's two weeks until KiwiSaver kicks off... what is everyone thinking about this? Will you do it? Why or why not? ]]> Wed, 13 Jun 2007 21:26:09 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8251&PID=160371&title=kiwi-saver-discussion#160371