Prosper KiwiSaver
Take control of your future.
JARRED PERCIVAL - FSP1007910
NZ Financial Services Certificate - Level 5 in Investments, Insurance & Residential lending
Specialising in KiwiSaver and Investments
PROSPER FINANCIAL LIMITED - FSP1007548
What is KiwiSaver?
KiwiSaver is a long-term savings scheme designed to help you save towards your first home and your retirement.
It can be tailored to match your risk to reward profile.
The rules of KiwiSaver.
Secured until 65 yrs – exceptions
First Home
Financial Hardship
Serious Illness
Emigration
Death
Savings suspension -
You can put your KiwiSaver on hold anytime you want.*
*Employer and Government contributions also stop if you take a savings suspension.
KiwiSaver Benefits.
1. Automatic 3% Payrise
3% + 3%
Doubles your contribution every year ¹
Contributions are increasing to 4% in 2028
$50,000 per year x 3% = $1,500
2. Free Money from the Government
If you have a KiwiSaver and contribute the minimum $1042 per year, the govenrment will give you $260 straight into your KiwiSaver fund.
$1,500 + $260 = $1,760
KiwiSaver is an Investment.
Growth Assets -
Income Assets -
Money invested in companies and property
Money saved in your bank account
Compounding Interest.
“The 8th wonder of the world”
See below the example of how compounding interest returns can transform your life.
Starting balance of $25,000 x 10% interest per annum.
After ONE year of compounding returns you will have $27,500.
After TEN years of compounding returns you will have $64,843.56.
After TWENTY years of compounding returns you will have $168,167.50.
Starting balance of $25,000 x 5% interest per annum.
After ONE year of compounding returns you will have $26,250.
After TEN years of compounding returns you will have $40,722.37.
After TWENTY years of compounding returns you will have $66,332.44.
No KiwiSaver = MISSING OUT on $100,000s of dollars
Wrong KiwiSaver = MISSING OUT on $100,000s of dollars
why save?
We all live busy lives. Retirement can seem a long way off.
Most Kiwis are worried about retirement*
2.8 Million
New Zealanders think they will have to work past retirement age to afford their retirements.
2.5 Million
New Zealanders feel they aren’t on track to have enough money for a happy retirement.
* Financial Services Council, ‘Money & You: KiwiSaver At A Crossroads’, July 2021, p.7.
Who we choose to partner with.
Booster
NZ Funds
Milford
Generate
Comparisons
Next steps from here.
Count your “Yes” and tick the matching KiwiSaver Fund.
Bring your completed KiwiSaver Kickstarter sheet to the front, hand it to Nick or Jarred.
Provide personal ID & proof of address.
Go and enjoy dinner!!
Prosper KiwiSaver
Helping you Prosper.