Kiwisaver for the self employed

Kiwisaver for the self-employed

Employees are paid their KiwiSaver contributions through their employers, however self-employed individuals have to do things a little differently. If you are self-employed, you agree to your contribution level with your provider instead of contributing a percentage of your pay. Self-employed individuals who do not receive PAYE income will not be required to make any…

What are your NZ Super obligations

What are your NZ Super obligations?

New Zealanders who are currently receiving NZ Super payments, or are looking to apply need to be aware of the obligations that come with the scheme. It is important to be prepared for and prevent any penalties that may come your way in the case that you do not uphold these obligations. What are your…

Is NZ Super favouring retirees

Is NZ Super favouring retirees?

NZ Super has recently been accused to be unfair in its operations, as soon-to-be retirees doubled as high income earners are receiving large amounts of super payments despite not having the need for them. Recent statistics released to RNZ’s checkpoint show that over 30 000 of NZ Super recipients are earning double the median wage.…

Introducing Better Later Life

Introducing Better Later Life

Better Later Life – He Oranga Kaumātua 2019 to 2034 is the Government’s plan to provide older New Zealanders with a better quality of living. The strategy was launched on 1 November 2019. Designed to ensure everyone gets the chance to live well as they get older and create opportunities for everyone to participate, contribute…

Record keeping for KiwiSaver

Record keeping for KiwiSaver

Keeping track of KiwiSaver amounts for individuals and contributions for employers is key in ensuring you are receiving the money you are entitled to. Individuals can view contributions made through their My KiwiSaver account. My KiwiSaver shows contributions when they have been processed through an employers payroll report. This can take up to three months…