MMS #10 | Bringing positive vibes with our TOP FIVE benefits of NZ's KiwiSaver scheme

11/26/23 • 16 min

In this 10th episode of Money Made Simple, Liv and Jennie are here to convince the naysayers out there why KiwiSaver is SO handy - by bringing you their super-duper, absolute favourite benefits of the scheme. They highlight a range of cool things that make New Zealand's retirement savings scheme unique, as well as tips for how you can make the very most of some of these benefits (whether you're new or well-versed in how it all works).
This week's episode covers:

How compounding returns are so powerful to your future balance (with examples of course!)
Why KiwiSaver can be one of the easiest ways to build that nest egg without too much hard work... automating stuff is key!
How investing in KiwiSaver means you're not saving alone... "Santa's little helpers" are here to help you get richer along the way
How KiwiSaver helps facilitate the Kiwi Dream... first home benefits, anyone?!
Some lesser known benefits around the level of protection (aka regulation) your KiwiSaver offers your hard-earned moolah

Resources we mention in this episode:
Sorted.org KiwiSaver calculator
Money Made Simple audio book
Hopefully, by the time you get to the end of this episode you'll be TOTALLY convinced that KiwiSaver is the best thing since sliced bread, and equipped with the knowledge to make it work as hard for you as you can (there are lots of things you can do to to optimise it, btw!). There are lots more benefits we'll probably cover in the future - but we think these five are a great reason to spread the good word %)

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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.

How compounding returns are so powerful to your future balance (with examples of course!)
Why KiwiSaver can be one of the easiest ways to build that nest egg without too much hard work... automating stuff is key!
How investing in KiwiSaver means you're not saving alone... "Santa's little helpers" are here to help you get richer along the way
How KiwiSaver helps facilitate the Kiwi Dream... first home benefits, anyone?!
Some lesser known benefits around the level of protection (aka regulation) your KiwiSaver offers your hard-earned moolah

Previous Episode

MMS #9 | Let's talk about the basics of mortgages!

In this episode of Money Made Simple, Liv welcomes a new guest to the show - Dan Maguire, Simplicity's co-head of lending. Liv and Dan chat all about mortgages in New Zealand. They break down exactly what a mortgage loan actually is, how they work, and de-mystify the different types of mortgages you may hear thrown around by home owners and investors alike!
This week's episode covers:

The simple mechanics of how a mortgage works
Who offers them (and who can get one)
The main different types of mortgages you can take out (we explain the nuances - offset, table, revolving credit; all the jargon!)
The in's and out's of fixed and floating rates
How and why Simplicity is able to offer lower cost mortgages to its KiwiSaver members buying a first home
Eligibility requirements for Simplicity first home loans

Resources we mention in this episode:
Sorted.org mortgage calculators
Interest.co.nz borrowing hub
Moneyhub mortgages comparison
The subject of mortgages can seem convoluted and tricky, we know. So hopefully by the end of this episode you'll have a clearer idea of how they work, what you need to do to get one, and what kind of mortgage may suit your needs (either now or in the future)! You'll also know more about Simplicity's low-cost first home loans.

Next Episode

MMS #11 | Pesky high fees and interest: the impact they can have and why to avoid them!

In this episode of Money Made Simple, Jennie and Liv are addressing the "elephant in the room" of the finance industry: the many types of fees and interest charged (which help generate those significant profits you keep hearing about in the news!). They provide some simple examples of how paying higher fees can impact the amount of money you accrue via your savings or investments over the long term, or the amount of interest you'll pay over the lifetime of a debt.
This week's episode covers:

Average fees charged on your KiwiSaver balance, and how these can add up over a year and over the longer term
The difference between paying 1% in fees vs 0.29% in fees (all things else being equal!)
A look at the total amounts and percentages of fees taken by KiwiSaver providers in NZ for managing your money
How to be "paranoid" about the fees and interest that you pay when using any banking services
The difference that interest rates can make over the life of your mortgage - with relevant examples of course!

Resources we mention in this episode:
Sorted.org fee calculators
Money Made Simple audio book
Once you've listened to this episode, we hope that you will have a clear understanding of the impacts that higher vs lower fees can have across many areas of financial services - and, of course, that fees are but just one variable to consider when it comes to choosing how to manage your own personal finances. And who you get to manage them!