OHbaby! Forums : babys kiwi saving??? https://www.ohbaby.co.nz/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Sat, 04 Apr 2026 16:16:07 +0000 Wed, 04 Jul 2007 16:57:49 +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=8705 <![CDATA[OHbaby! Forums]]> https://www.ohbaby.co.nz/forum/forum_images/web_wiz_forums.png https://www.ohbaby.co.nz/forum/ <![CDATA[babys kiwi saving??? : apparently if you go through some...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172723&title=babys-kiwi-saving#172723 Author: Bombshell
Subject: 8705
Posted: 04 July 2007 at 4:57pm

apparently if you go through some of the banks and the finance companies like AMP they will set it up...so long as you dont have an employees one - they are set up for nonearners....eg a baby / child....

have asked for info on a couple and waiting on it...

she has BB and likely to set her up an account at a bank for savings she can access too but thought Kiwisaver if we get a $1000 handout it can sit there...at 20 years with AMP or someone like it she would have about $140-$170000 apparently...so def worth it...

im not doing kwiisaver fror us otherwise as no benefit to us....

]]> Wed, 04 Jul 2007 16:57:49 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172723&title=babys-kiwi-saving#172723 <![CDATA[babys kiwi saving??? : Bombshell, do you think you&#039;ll...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172609&title=babys-kiwi-saving#172609 Author: yummymummy
Subject: 8705
Posted: 04 July 2007 at 2:48pm

Bombshell, do you think you'll find a provider that will agree to join a baby? Or have you found one already? Would you need to make contributions yourself or would you apply for Gabriella to join and then suspend contributions because she's not earning a salary? I'm just really curious... ]]> Wed, 04 Jul 2007 14:48:16 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172609&title=babys-kiwi-saving#172609 <![CDATA[babys kiwi saving??? : We have Bonus bonds for Ethan,...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172560&title=babys-kiwi-saving#172560 Author: Bumble
Subject: 8705
Posted: 04 July 2007 at 1:20pm

We have Bonus bonds for Ethan, and also have a headstart account. So far Ethan has won $40 through bonus bonds..... Cause he is sooooo spoilt at birthday and christmas, we just ask for cash now and put it into either account. We also put away $40p/m into the headstart account.

Not going to open a kiwisaver acount, just means there will be another thing that I have to keep track of!! ]]> Wed, 04 Jul 2007 13:20:25 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172560&title=babys-kiwi-saving#172560 <![CDATA[babys kiwi saving??? : We opened up a savings account...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172541&title=babys-kiwi-saving#172541 Author: switches
Subject: 8705
Posted: 04 July 2007 at 12:39pm

We opened up a savings account for Keith through kiwibank . ( not that there is any money in there lol ) if you get an IRD number you get a lower tax rate on there account , I have got the IRD number now but keep forgetting to take it to the bank .lol]]> Wed, 04 Jul 2007 12:39:18 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172541&title=babys-kiwi-saving#172541 <![CDATA[babys kiwi saving??? : The gremlins don&#039;t have bank...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172480&title=babys-kiwi-saving#172480 Author: Maya
Subject: 8705
Posted: 04 July 2007 at 10:49am

The gremlins don't have bank accounts yet (spot another slack Mummy) but Maya has two. One is a long term savings account (Bonus Saver) with bonus interest for deposits and no withdrawals each month, and I put $10 a week into it. The other is a Simple Saver account with no bonus interest but no withdrawal penalties either and I put all of their Southern Cross health insurance refunds into it and use it to pay for specialists visits, clothes for them etc. If I have spare $$$ at the end of the month I do a half and half split - half into the Bonus Saver and half into the Simple Saver.]]> Wed, 04 Jul 2007 10:49:55 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172480&title=babys-kiwi-saving#172480 <![CDATA[babys kiwi saving??? : Mee the dumb one in here again....]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172465&title=babys-kiwi-saving#172465 Author: SMoody
Subject: 8705
Posted: 04 July 2007 at 10:29am

Mee the dumb one in here again. Exactly what is this kiwisaver thing for babies? Is this the same thing that they have for the adults? Kiwisaver I mean?

Well with McKayla I save $10 a week in a headstart account from ASB. I must still get an IRD number for her so she pays way way high tax on that. But her interest is still higher by a few cents. But on her birthday Grant gives her a certain amount of shares. We invest a certain amount each day on her birthday since birth. And then he will draw the money I saved for her as well and put it into shares for her.

Now you might think it is risky ect. We did the no fees acount thing might win a million in SA and to be quite honest I think that was a scam in SA. But that is another story.

So it does go in safe shares that will take a dip now and then but generally it is a steady increase ect. So instead of money we are setting her with an asset base that she can take further.

We also plan to teach her from the mistakes that we made and to invest wisely from a young age. ]]> Wed, 04 Jul 2007 10:29:09 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172465&title=babys-kiwi-saving#172465 <![CDATA[babys kiwi saving??? : pepsi wrote:With regards to...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172431&title=babys-kiwi-saving#172431 Author: AnnC
Subject: 8705
Posted: 04 July 2007 at 9:46am

Originally posted by pepsi pepsi wrote:

With regards to bonus bonds, I know lots of people who win little prizes and some big prizes all the time so I guess everything has a different story as to how they work for them. So sure, some people win nothing but my mum is the one buying them and she is optimistic that Alyssa's account will win the million dollars!!


I hope she wins the million and then she can shout us all over to the gold coast ]]> Wed, 04 Jul 2007 09:46:27 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172431&title=babys-kiwi-saving#172431 <![CDATA[babys kiwi saving??? : With regards to bonus bonds, I...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172422&title=babys-kiwi-saving#172422 Author: pepsi
Subject: 8705
Posted: 04 July 2007 at 9:38am

With regards to bonus bonds, I know lots of people who win little prizes and some big prizes all the time so I guess everything has a different story as to how they work for them. So sure, some people win nothing but my mum is the one buying them and she is optimistic that Alyssa's account will win the million dollars!!
]]> Wed, 04 Jul 2007 09:38:49 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172422&title=babys-kiwi-saving#172422 <![CDATA[babys kiwi saving??? : I was wanting to set up a bonus...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172404&title=babys-kiwi-saving#172404 Author: Brenna
Subject: 8705
Posted: 04 July 2007 at 9:20am

I was wanting to set up a bonus bonds for Brenna but my MIL set one up(without us knowing) and we cannot get any money out of it - only she can. When she told us she'd set it up she said it was under her name so "you can't get to the money" grrr like we woud steal off our daughter...

Anyway...back to the proper topic...I didn't even know you could set up a kiwi saver for a baby. I think I'll look into it

ETA: for those of you who know about my previous MIL dramas, you'll know why her setting up the account really pi##ed me off

Edited by rubydooby]]> Wed, 04 Jul 2007 09:20:39 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172404&title=babys-kiwi-saving#172404 <![CDATA[babys kiwi saving??? : I had Bonus Bonds from when I...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172401&title=babys-kiwi-saving#172401 Author: peachy
Subject: 8705
Posted: 04 July 2007 at 9:12am

I had Bonus Bonds from when I was a baby until I was 25 years old, then I finally withdrew them as over that time I won NOTHING at all ]]> Wed, 04 Jul 2007 09:12:56 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172401&title=babys-kiwi-saving#172401 <![CDATA[babys kiwi saving??? : All my kids have a bank account....]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172307&title=babys-kiwi-saving#172307 Author: AnnC
Subject: 8705
Posted: 03 July 2007 at 10:17pm

All my kids have a bank account. even though they are taxed I am still getting some interest on it and so the balance grows every month. I did have money in BB for them for 5 years and won nothing not a thing so ended up taking it out to open an account.

I have opened an account as one of my customers sent a card with money in it to say to open an account for him so I did. Must admit I haven't added to it since the opening.... mental note to put money into Rhyley's account. ]]> Tue, 03 Jul 2007 22:17:07 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172307&title=babys-kiwi-saving#172307 <![CDATA[babys kiwi saving??? : I was thinking of opening bonus...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172269&title=babys-kiwi-saving#172269 Author: busymum
Subject: 8705
Posted: 03 July 2007 at 9:34pm

I was thinking of opening bonus bonds for our girls - probably in my name though for the present - but I had BB when I was a kid and I got squat until I was 20! Surely a savings a/c is still better than the luck of the draw?]]> Tue, 03 Jul 2007 21:34:47 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172269&title=babys-kiwi-saving#172269 <![CDATA[babys kiwi saving??? : have already bought her $200 Bonus...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172259&title=babys-kiwi-saving#172259 Author: Bombshell
Subject: 8705
Posted: 03 July 2007 at 9:27pm

have already bought her $200 Bonus bonds (finally last week) but think a $1000 and whatever we add to it etc might be a good start for her in 20 years - IF it still exists of course...but we wont have lost much if it doesnt as thinking of doing one with no contribution or little and just fees paid....


might buy her a car if inflation continues as it is now...not sure it will even be a house deposit then....]]> Tue, 03 Jul 2007 21:27:42 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172259&title=babys-kiwi-saving#172259 <![CDATA[babys kiwi saving??? : Yep we will. I have a bank acc...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172232&title=babys-kiwi-saving#172232 Author: fattartsrock
Subject: 8705
Posted: 03 July 2007 at 8:54pm

Yep we will. I have a bank acc for Jake, but haven't yet opened one up for Charly. I'm not too sure who we are going through, I bank with ASB, who is a kiwibank provider and that goes through Sovereign, who all our insurances are with? Dunno, will just let R and the accountant sort it.]]> Tue, 03 Jul 2007 20:54:08 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=172232&title=babys-kiwi-saving#172232 <![CDATA[babys kiwi saving??? : I opened acct for my girls when...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=170892&title=babys-kiwi-saving#170892 Author: Kels
Subject: 8705
Posted: 02 July 2007 at 10:07am

I opened acct for my girls when they were babies but havent done so yet for Alize. Bonus bonds sound like a good option tho

]]> Mon, 02 Jul 2007 10:07:54 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=170892&title=babys-kiwi-saving#170892 <![CDATA[babys kiwi saving??? : My in-laws opened a bank account...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=170862&title=babys-kiwi-saving#170862 Author: Two Blondinis
Subject: 8705
Posted: 02 July 2007 at 9:23am

My in-laws opened a bank account for Caitlin and we have been thinking of setting her up a Bonus Bonds account for a whiloe (just been too slack lol).

I never thought about opening a Kiwi Saver for her though. Will certainly give us something to think about. I'd like for her to have both though as the main idea of the savings were to pay for her education]]> Mon, 02 Jul 2007 09:23:53 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=170862&title=babys-kiwi-saving#170862 <![CDATA[babys kiwi saving??? : We decided not to open any bank...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=170854&title=babys-kiwi-saving#170854 Author: pepsi
Subject: 8705
Posted: 02 July 2007 at 9:20am

We decided not to open any bank accounts for Alyssa yet because they're taxed (I'm not sure about kiwisaver though?). My mum has decided to start putting money into bonus bonds every birthday for her instead and fingers crossed she will win some prizes to make up for the fact it doesn't earn interest.]]> Mon, 02 Jul 2007 09:20:06 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=170854&title=babys-kiwi-saving#170854 <![CDATA[babys kiwi saving??? : so has anyone chosen to open a...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=170832&title=babys-kiwi-saving#170832 Author: Bombshell
Subject: 8705
Posted: 02 July 2007 at 8:55am

so has anyone chosen to open a kiwisaver for their baby - kids???

WE are going to open one for Gabriella but still trying to decide on whether to go a bank contribution one or another fees only one...

If you have applied to open one - who with and why???]]> Mon, 02 Jul 2007 08:55:54 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8705&PID=170832&title=babys-kiwi-saving#170832