Christchurch Insurance Centre, Superannuation, Retirement Planning, New Zealand

Welcome to our May 2011 newsletter

It has been a trying time for everybody in Christchurch in recent times and the struggle continues for many as employers make hard decisions on future trading plans. Whilst many
of our clients have already availed of premium relief packages offered by some insurers, you should continue to speak to us if your financial circumstances are strained for any
reason.

 

KiwiSaver

Last week saw the release of the Budget and we all eagerly awaited the finer details. A
summary of the changes to KiwiSaver that the Prime Minister referred to are:

·          The $1,000 kick-start remains.

·          From 1 April 2012 employer contributions will be taxed.

·          From 1 April 2013 the minimum employee contribution and employer
           contribution will both increase to 3%.
·          For the year ending 30 June 2012, the Member Tax Credit will be halved
           from $1 for each dollar contributed to 50c with a maximum Member Tax
           Credit of $521 per year. The new maximum Member Tax Credit will be
           paid in 2012.

 

The impact of these changes will, of course, depend on personal tax rates and income levels.
However, a person earning $52,000 who presently gets the maximum Member Tax Credit
will, after 1 April 2013, still have over a dollar credited to their account for every dollar they
have contributed themselves.

We still believe in KiwiSaver and would welcome the opportunity to discuss membership
with yourself, your family and your friends should they have any questions at all.

 

What would happen if death or disability were to strike you or your family?

 

Bearing in mind the recent and continuing world wide shakes, floods, winds and natural
disasters, many clients have been reviewing their overall personal situations.

Should we be speaking with you now for a review of current cover, changes in
circumstances and future goals?

Tips for managing your finances and investments

Understand that financial crisis may occur any time and you can never foresee it. What you
should do is to reduce the impact it can make on your finances, should such a crisis occur.

Investment is nothing but saving when you are spending. For taking the right steps, you
don’t need to learn the financial technicalities or jargon. You should move on the right
track which your financial adviser can help you with. Once you are on the right track,
you can definitely have a good grip on your finances. Then, managing your investments
will not be an issue at all.

Take an honest look at your credit card payments. You may not know that when you make
regular monthly payments towards your credit card bills, you are paying more than what you
should do. This means that you do not know where your money is going. For successful
handling of your finances and investments, you should be clear about your goals. You should
know why you are making investments.

This needs planning. Having too many goals will lead you nowhere. If the goal is clear and
if you split it into short-term milestones, achieving the final goal will be easy.

Managing your finances involves your family members also. Therefore, once you learn how
you should go about it, you should ensure that all your family members also learn whatever
you have learned. This will help you in making the right decisions with their co-operation.
Sometimes, you may have to cut corners and so, without their co-operation, you cannot
achieve your goal. Cutting corners does not mean you should not enjoy the small comforts
and luxuries of life. The main point is that you should never squander money.

Managing finances and making investments are dynamic processes, be open to new ideas
and options.

Managing finances and investments does not need to be complicated. If you focus on your
goals and plan properly, you can move on the right track to success.

We are available to discuss your insurance, home loan and investment needs in what is
a difficult time for many of us at the moment so please feel free to contact us if you
have any questions.

Give us a call on 03 377 3693, 0800 572 837 or email us at admin@supernz.co.nz

We look forward to hearing from you soon.

Kind regards

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We can provide and specialise in:- 

 Life Insurance    Health Insurance     Income Protection    Savings & Investments  

        Home, Contents and Vehicle Insurance    Home Mortgages    KiwiSaver 

                    Home Equity Release  (Sentinel)    UK Pension Transfer


                            98 Carlyle Street    Sydenham      Christchurch     

    03 379 6847       0800 4KSAVER       0800 572 837      www.supernz.co.nz

This newsletter is issued as a Class Service in terms of the Financial Advisers Act 2008 and is not a Personalised Service.  A copy of our disclosure statements can be downloaded from www.supernz.co.nz