I would like to know, if you wait until year 10 (rather than three or five years) in KiwiSaver in order to use the first-home deposit withdrawal, can you take out all that you've put into KiwiSaver for those 10 years?
Why would I have to wait three years to see if my KiwiSaver cash investment is any good on a relative basis - as discussed in your column recently? Cash is generally defined as fixed-interest investments of less than 365 days and in practice many use 180 days.
In February I started a new job and was automatically enrolled in KiwiSaver. About $200 has been deducted, but unfortunately I did not enjoy the job and have left.
I have been voluntarily contributing to KiwiSaver at the rate of $20 a week since mid-May 2008, just after I turned 18.
My 20-year-old son has an $80,000 student loan and is currently earning $28,000. He isn't enrolled in KiwiSaver yet and I have great concerns about him being able to afford a home.
I am 57 years old, live alone and am on an invalid's benefit. I am told that it is very unlikely that I will ever be well enough to work again, but that my medical condition is unlikely to shorten my life span, so I do have to consider how I am to manage financially for the next 25 years.
I predict there's going to be some very angry young people in the future, when they find out they've been signed up to KiwiSaver without their consent.
With the new changes to KiwiSaver, "contributions to KiwiSaver will be lowered to 2 per cent of the weekly wage, matched by Government", the Herald said this week.
I am somewhat confused by the National Party's proposed changes to KiwiSaver and how they might impact on me.
I am trying to understand the logic of mortgage diversion. I know the rules have been relaxed, so even if I have a revolving credit component of my mortgage I can now divert up to 50 per cent of my contributions, after 12 months in KiwiSaver. But why would I?
I have recently left New Zealand and put about $2000 into KiwiSaver before I left. I was wondering if it was best to leave it in the KiwiSaver account and contribute the minimum amount or whether it is better to pull it out after a year overseas.