Money Made Simple
Welcome to Money Made Simple, a family of NZ-based financial literacy podcasts from Simplicity which keep it simple and get straight to the point. We want ALL Kiwis to have dignity, and a dignified life is one with choices. What can help with more choices? More money. So we're here to make Kiwis richer and smarter with money.
MONEY MADE SIMPLE WITH JENNIE AND LIV:
Join co-hosts Liv and Jennie on a fortnightly basis to help you understand the basics around money, finances, investing, KiwiSaver, and planning for a better future. We aim to provide information in a bite-sized, easy-to-listen way that simplifies the jargon. 'Cos who's got time for that! We want you to feel empowered and confident when thinking about money and investing - whether that be via KiwiSaver, investment funds, the share market, property, or whatever suits you.
THE ECONOMY MADE SIMPLE WITH SHAMUBEEL EAQUB:
Join Shamubeel Eaqub, Simplicity's Chief Economist, on a monthly basis to help you understand what's happening in the economy, job market, politics and financial markets. Tune in to get economic updates, interviews with NZ's key movers and shakers, and deep dives into topics you might want to understand better.
You can join the Simplicity community via the following channels:
Instagram: https://www.instagram.com/simplicity_kiwi/
Facebook: https://www.facebook.com/simplicitykiwi
LinkedIn: https://www.linkedin.com/company/simplicity-kiwi/
Or check out our website: https://simplicity.kiwi/
Cheers for listening - we appreciate each and every one of you %)
Money Made Simple
MMS #20 | KiwiSaver Government Contributions: FREE money you shouldn't ignore
In this episode of Money Made Simple, Liv is joined by Simplicity's Deputy Head of Investor Services Emma Ryan to get the goss on why getting KiwiSaver government contributions is SUCH a no-brainer. (Caveat - that's if you're eligible!). This episode covers:
- A quick explainer on the three main types of KiwiSaver contributions and how they all work together
- How the KiwiSaver year works (and why it's relevant to getting your govt contributions!)
- The three main eligibility criteria you need to meet in order to qualify for receiving government contributions each year (side note - your eligibility could change!)
- The impact of government contributions over your working lifetime - you could be more than $90k richer (and that's not taking into account the personal contributions that you'll make alongside!)
- How government contributions work if you're partially eligible, or contribute less than the amount needed to get the maximum yearly amount
- How to check - and rectify! - whether you've contributed enough each year to get the government contribution
Resources we mention in this episode:
- sorted.org
- IRD website KiwiSaver information (and MyIR)
By the end of this episode you'll be a total pro when it comes to government contributions - and you'll know how to make sure you get the best out of this priceless opportunity to get a 50% return on your KiwiSaver contributions (well, up to that first $1043 at least!).
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Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.