The wisdom of dipping into #retirement #savings -#Kiwisaver for #tenancy bonds https://www.rnz.co.nz/programmes/the-detail/story/2018899721/kiwisaver-as-a-slush-fund

#nzpol
Put your shades on for six years of dog food policy from national.

#kiwisaver

More people in #nzpol ought to know they are entitled to withdraw from their #KiwiSaver due to hardship, and it is not difficult to do, I found signing up for MSD/WINZ to be more onerous.

For NZ Aotearoa: I've saved up my Kiwisaver $1043 voluntary contribution to get the maximum $523 Government contribution (a 50% return which is astounding!). So a reminder to make sure you have deposited something voluntarily into your Kiwisaver!

#KiwiSaver #KSContributions

@billbennett Wit #Sharesies about to launch their #KiwiSaver #Scheme, I want to move it over so I can invest it in the shares I already own.

I loves you all, but folks, I do understand the basics of KiwiSaver. I’m 39yo and I’ve had a KiwiSaver since it started. I understand the whys and justifications.

But even if I didn’t have a good reason for wanting to stop spending 3% of my income every year, I should have the right to without coercion. If a gym didn’t let you end your membership you’d go to the authorities.

It feels like a tax, but it is not.
It feels like a guaranteed retirement fund, and it isn’t that either.

#KiwiSaver

Found out yesterday that it’s impossible to leave KiwiSaver once you join it. As in, at least 3% of your wages will be sent to private companies in perpetuity *unless* you arrange a 12-month “suspension” and make sure your employers know.

After 12 months it automatically restarts but you can then re-suspend. So that’s a fun repeat chore for the rest of your life.

#NZTwits #Aotearoa #KiwiSaver