Podcasts about KiwiSaver

New Zealanders have withdrawn more than $1.3 billion from KiwiSaver for hardship in the past five years. 

There's a belief it's going to be a long journey to get Kiwibank into the ring with the big leagues. Finance Minister Nicola Willis has announced the bank's parent company is being allowed to raise $500 million from investors to help it compete with the four major banks. Simplicity founder Sam Stubbs says Kiwibank will need more capital over time. He told Mike Hosking if the country has five banks making profits, at least one will re-invest in KiwiSaver. Stubbs says it'll bring pricing pressures into the market, which there's very little of right now. LISTEN ABOVE See omnystudio.com/listener for privacy information.

You can't bank time for later - you've got to use it today.That's the key message from our latest podcast, where Brent Allcock, our Financial Adviser from the Wellington office, discusses why procrastination can negatively impact your financial security. With Kiwis feeling the pressure from rising costs, he provides practical tips to take control of your finances.When it comes to managing your money, taking action today is far better than waiting until tomorrow. Don't let procrastination erode your financial well-being.⏰ Important time-stamps(01:09) Do we really have time when it comes to finances?(01:29) Reflections on time, money and the importance of acting now(02:36) Budgeting tips and lifestyle adjustments(05:12) The need for planning(06:51) Mindset shift(09:02) Rising living costs and planning for retirement(12:44) Are people reconsidering investing during uncertain times?(14:33) Kiwisaver performance and diversified portfolios(16:35) Brent's top tipThe Adviser Talk is available on all popular streaming platforms, including Spotify and Apple Podcasts. Brent Allcock is a Financial Adviser at Stewart Group, a Hawke's Bay and Wellington-based CEFEX certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance & KiwiSaver solutions. The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visit our website, www.stewartgroup.co.nz Hosted on Acast. See acast.com/privacy for more information.

Think getting your first mortgage is confusing? We break it all down - from KiwiSaver strategies and saving hacks to bank vs broker comparisons and how to boost your approval odds.We guide first home buyers through the entire mortgage process, including deposit options, gifting rules, pre-approval conditions, and common pitfalls - plus how to know if you're ready sooner than you think.Next Steps: need help figuring out your deposit or what banks will lend you? Talk to a Lighthouse mortgage advisor and find out what options are actually available to you .For more money tips follow us on:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.

Think you're on track for retirement? Think again. We unpack the four biggest mistakes that are quietly derailing Kiwi retirement plans - from mortgage stress and poor financial habits to over-reliance on KiwiSaver and underestimating the true cost of retirement.Next Steps: Worried about whether you're financially ready for retirement? Chat to Lighthouse Wealth to build a financial plan that gives you confidence and control. For more money tips follow us on:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.

*Please note that nothing in this podcast is personalised financial advice or recommendations. We recommend that people seek independent financial advice when it comes to making decisions around their mortgages, insurances and/or general financial situation.*As the cost of living crisis continues to squeeze Kiwi wallets, Jennie and Liv are back with practical, real-world ideas to help you save money without sacrificing everything you love. From tackling big-ticket expenses like housing and insurance, to finding creative ways to earn a little extra or make the most of what you already have, this episode is packed with ways to help you think bigger and smarter when it comes to saving.This episode covers:Ideas around reviewing and renegotiating big costs like your mortgage, rent and insuranceThe benefits of switching providers for power, internet and mobile to save moneyWays to cut down on your transport costsMaking use of your home space to offset expensesThe benefits of micro-saving tools and building an emergency fundThe role of side hustles and time-based spending swapsResources mentioned in this episode:- Sorted.org.nz's Guide to saving and investing- Sorted.org.nz's  KiwiSaver calculator- MoneyHub's Guide to saving money in NZ- MoneyHub's Insurance comparison guide- Consumer NZ's PowerSwitch tool- The changes being made to KiwiSaver announced in Budget 2025This episode is all about empowering you to make smart, intentional, enduring change - whether that's trimming unnecessary costs or finding small, creative ways to save more in the long-term. With a little effort and some fresh thinking, you may just find that it's possible to spend less without feeling like you're missing out!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: 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.

The number of Kiwis making withdrawals from their KiwiSaver due to hardship is on the rise. In the year to June, more than 50,000 were made, compared to 18,000 five years ago. Early withdrawals can have compounding effects on someone's financial future – so what other options are there? Lisa Dudson joined Jack Tame to delve into the topic and offer up some other ideas. LISTEN ABOVE See omnystudio.com/listener for privacy information.

What’s the Opposition’s plan for our financial future? After our recent conversation with Nicola Willis, we’re talking to Labour's Finance Spokesperson, Barbara Edmonds, about the policies that impact your pay packet and your opportunities. Barbara talks about the challenges facing NZ households, the future of KiwiSaver, and what her economic plan would prioritise. Hear her concerns about replenishing the brain drain and our reliance on property as the path to wealth—and her optimism on the Māori economy, retail investing, and the opportunities AI presents for Aotearoa. Barbara explains why she considers current cuts "blunt and cruel" and sees crypto as a serious consideration for lawmakers. Plus, the mum-of-eight reveals how her own life experiences inform her policy. For more or to watch on YouTube—check out http://linktr.ee/sharedlunchShared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.See omnystudio.com/listener for privacy information.

Financial hardship is leading to more KiwiSaver withdrawals.

Money correspondent Susan Edmunds joins Kathryn to discuss why the proportion of funds in the highest-risk category of KiwiSaver funds have quadrupled to 40 percent.

Nearly $500 million has been withdrawn due to financial hardship from Kiwisaver accounts for the year to June, but what is the long-term cost of these withdrawals? 

Debt stress is rising across New Zealand and it's not just mortgages. Over 485,000 Kiwis are behind on bills, with short-term debt spiking and KiwiSaver hardship withdrawals soaring. We unpack what's driving the pressure: rising living costs, stagnant wages, and an economy that's leaving more households at breaking point.Next Steps:If you're unsure how to manage your mortgage in this environment, talk to Lighthouse Mortgages - whether you're refixing, refinancing, or just need a second opinion, the team can help you make a smarter move.For more money tips follow us on:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.

You're in your 40s – your income's peaking, your expenses are soaring, and everyone wants a piece of you. It's easy to think “I'll deal with investing later.” But that could be the biggest financial mistake you ever make.In this episode, we break down:The riskiest money move you can make in your 40sThe biggest untapped resource most 40-somethings forget they haveWhy delaying investing means saving 3x more just to catch upIf you're relying on just the pension or KiwiSaver, you might be in for a shock. So read this guide to figure out how much do I need to retire nz.Don't forget to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠create your free Opes+ account here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.For more from Opes Partners:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up for the weekly Private Property newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠

It's that time of the year when your KiwiSaver annual statement comes out. Mary Holm explains why you should read it!Go to this episode on rnz.co.nz for more details

It's that time of the year when your KiwiSaver annual statement comes out. Mary Holm explains why you should read it!

Think saving a 10% deposit is out of reach? We break down the real numbers behind buying your first home in 2025 - comparing couples in Auckland and Christchurch, looking at KiwiSaver balances, income stats, cost of living, and the real timeline it takes to buy (spoiler: it's less than you think).Next Steps: If you're not sure where to start with your first home deposit, chat to the mortgage team at Lighthouse they'll help you crunch the numbers and make a plan that works for you.For more money tips follow us on:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.

A really warm welcome to Purposely SHORT—short, as in not long—a weekly episode featuring one of our past guests and their insights on a focused topic to help you deliver on your charitable mission.In this episode, Dean Hegarty reflects on a critical tipping point for New Zealand's financial system and the broader responsible investment movement. With clarity and urgency, he makes the case for lifting both financial literacy and long-term capital investment—especially through mechanisms like KiwiSaver—and learning from Australia's success with superannuation.Dean shares why investing responsibly isn't just the right thing to do anymore—it's the smart thing to do. From renewables to affordable housing, he highlights the opportunity (and obligation) to remove barriers, scale impact, and align capital with a sustainable and equitable future for all New Zealanders.A big thanks to our sponsors Trust Investments

Just like modern cars come equipped with essential safety features, your investment portfolio should be built with protection in mind.In this episode, our General Manager and Financial Adviser, Rory O'Neill, joins host Tim Ewen, our Risk Insurance Manager and avid car enthusiast, to explore how the safety systems in today's vehicles mirror the protective strategies found in smart investment portfolios.Think about it: you wouldn't put your family in an unsafe vehicle, so why risk your financial future with an unprotected investment strategy?If you would like to read the article by Nick Stewart, our CEO and Financial Adviser, here is the link: https://www.stewartgroup.co.nz/we-love-to-write/modern-protection-in-vehicles-and-investments⏰ Important time-stamps(02:14) Introduction(2:31) Car safety vs. investment portfolios(5:43) The role of Financial Advisers(6:53) Early warning systems in vehicles and investment portfolios(10:30) Quality and protection go hand-in-hand(12:14) Trust the experts(14:06) Behind the scenes: Portfolio Protection(15:31) Fee transparency and custodial services(17:18) Adaptive cruise control vs. portfolio management(18:38) Accident alerts vs. limit break reports(19:40) Rory's car choice(20:41) Key message from Rory on portfolio managementThe Adviser Talk is available on all popular streaming platforms, including Spotify and Apple Podcasts. Rory O'Neill is a Financial Adviser as well as the Director and General Manager at Stewart Group, a Hawke's Bay and Wellington-based CEFEX-certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance & KiwiSaver solutions. The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visit our website, www.stewartgroup.co.nz Hosted on Acast. See acast.com/privacy for more information.

New figures out this morning show first home buyers are being buoyed by lower house prices and being able to tap into their Kiwisaver funds. Cotality chief property economist Kelvin Davidson spoke to Corin Dann.

Yesterday we were talking about Chlöe Swarbrick's grand plans for economic reform, and today brings another interesting suggestion for economic reform, this time from Sir Roger Douglas and Professor Robert MacCulloch. I wonder if now is the time to be seriously looking at reforming our taxation system. Over the years, we've experimented with, we've dabbled in various taxes on wealth: estate duties, gift duties, stamp duties on property sales, the sort of things that other countries have and have adapted, but most were eventually abolished. The absence of a general wealth tax, capital gains tax, or inheritance tax has been a recurring topic of debate. No New Zealand government has been able to introduce a wealth tax and maintain it, but it's a staple of the Green Party's proposed Green Budget. Chlöe Swarbrick says we've done really big things in the past and there is no reason why we shouldn't again. She says in the 1930s and 40s, after world wars and the Great Depression, we came together as a country and decided to build a nation which looked at the foundations of public health care, public education, and public housing. Now, Sir Roger Douglas, former finance minister and the architect of the most sweeping economic reforms since the establishment of cradle to grave social Security and the one who did away with the high taxes, and Professor Robert MacCulloch, who you will have heard from time to time on the show, have released their plan for an economic reform. They first developed the plan for economic reform in 2016 but have updated it for 2025. They point out that by 2060, 26% of New Zealanders will be over 65, up from 16% in 2021. Professor MacCulloch and Sir Roger said that income tax on earnings up to $60,000 a year should be redirected into individual savings accounts to fund each person's health care, pension, and risk cover, and that would replace much of the current public system with private provision. This needs to be done, they say, because Treasury and Inland Revenue have both raised questions in the past year about how the government will be able to collect enough tax to fund the increasing cost of NZ Super and healthcare, the Superfund notwithstanding. People who didn't have enough in their individual accounts could still be helped by the public system, which would be funded on taxes collected on income over $60,000 a year. So under $60,000, you pay tax of a sort, but it's for you and it goes into a savings account to fund what you'll need in the future. So this would mean larger numbers of middle and higher income people paying for themselves while the system helped lower income people. MacCulloch said that would mean government costs were reduced, the quality of outcomes would be increased, and the plight of low-income earners would be improved. He says too many low-income people have no savings in KiwiSaver because they're going from paycheck to paycheck, this model would help to address that. And if you look at his model, it shows that an individual could save around $21,000 annually. You'd put $9,450 into a health account, $7,350 for superannuation, and $4,200 for risk cover. And they'd drop the corporate tax rate to help fund employer contributions. Robert MacCulloch argues that savings, not taxation reform, offers the ability to gain efficiencies in healthcare. A drop in corporate taxes would help fund employer contributions and rather than the government dictating where to go, people could choose their preferred public or private supplier. So bold suggestions. Douglas and MacCulloch's more bold than Swarbrick. But does Chlöe Swarbrick have a point that we can initiate institutional reform if we want to? It's been done before. It's bold and it's visionary and it's scary. The bigger question though, is: should we? Is the tax system that we have right now working? Chlöe Swarbrick, Sir Roger, and Professor MacCulloch argue it's not. Unlikely bedfellows, but bedfellows they are in terms of saying what we have right now is not fit for purpose and certainly will not be fit for purpose at all in the future. Do we need to make institutional change around our tax system and the way we pay for health care, the way we pay for superannuation as we get older? The cradle to grave Social Security plan, devised in the 1930s is still pretty much around in the year 2025, nearly 100 years later. Times have changed, does our tax system need to change with it? See omnystudio.com/listener for privacy information.

How about this for an idea? Instead of the tax people pay on the first $60,000 of their income going to the government, what if it went into a savings account to pay for healthcare and put food on the table when they retire? It's an idea being pushed by former finance minister Sir Roger Douglas and University of Auckland economics professor Robert MacCulloch which, they say, is needed because of the ageing population. They reckon people could save as much as $21,000 a year, with some of the money going into a health account, some going into a superannuation account, and the rest going into a “rainy day” account. There are some bits about this that really I like, and I'm not so sure about other aspects. The thing I like most is that —for pretty much the first-time ever— we would have tax money ringfenced for specific things. Whether we can describe it as tax money I'm not sure, because it would be money not going to the government but going into these individual bank accounts instead. But we'll call it tax money. Sir Roger and Professor MacCulloch have done the numbers and they reckon that —if the government didn't get its hands on the tax money from the first $60,000 of everyone's income— on average, people would end up with just over $20,000 in their account each year. Breaking that down, they say we'd have about $9,500 going into the health bucket, just under $7,400 going into the superannuation bucket, and $4,200 going into the “rainy day” bucket. That's each year – providing you're working, of course. So I like it for the ring-fencing and how we would know exactly how much we have up our sleeve. And if you do the numbers over the course of someone's total working life —that's assuming that they start work at 20 and stop working at 65— the average person that Sir Roger is basing his numbers on could have about $950,000 in their account. That's without interest being factored in. So they could retire with more than $1 million in the bank to pay for healthcare and to live off. And if you're thinking we've got KiwiSaver, so why would we need this extra savings account? If you're thinking that, chances are you're well-off enough to afford KiwiSaver. Because Professor MacCulloch is saying today that many low-income earners just can't afford KiwiSaver and they would benefit big-time if most of their tax actually went into a savings account. Which makes sense to me. Dig a little deeper though and Sir Roger Douglas' old ACT Party ideals start to come through, with him saying today that this approach would give people the freedom to choose whether they get medical treatment, for example, in the public sector or the private sector. But what if every Tom, Dick, and Harry had all this money and decided to get their hips done privately? That would be boom times for the private hospitals, but what would it mean for the public hospitals? Possibly less government investment. And what if a model like this was adopted and we had politicians down the track letting people use the money in these dedicated accounts to pay for first-home deposits and all that carry-on? Which has happened with KiwiSaver. Sir Roger says he's been banging on for ages about what he and Professor MacCulloch are calling an “economic car crash”. They say governments over the years have chosen to ignore the looming health and welfare crisis that we're heading into, if we haven't reached that point already. At the root of it is the ageing population. And they're saying today that we just can't keep on keeping on the way we have and the way we are. And I agree with them. Which is why —even though I've got some misgivings about the impact this could have on things like government investment in the healthcare system— overall, I think it's a brilliant idea. See omnystudio.com/listener for privacy information.

This week, the Government's KiwiSaver contribution was halved under budget changes. Employers will also have to fork out a mandatory 4% contribution to adjust for the deficit left by the Government's contibution. That bump's expected to stifle potential salary increases, and in turn, our retirement funds - leading many to question what changes we really need, and what we can do for ourselves, to support our golden years. Retired financial advisor and writer Martin Hawes joins Andrew Dickens for Smart Money... LISTEN ABOVESee omnystudio.com/listener for privacy information.

Find out how respective Governments have helped or hindered KiwiSaver. Mary explains how over the years most government changes to KiwiSaver have made it less attractive. Go to this episode on rnz.co.nz for more details

Today Mary is talking about Kiwisaver and how the Government can either hinder or help the scheme.

Is topping up a mortgage at 22 really the dream? Makayla and Jess break down the pros and cons of buying young, why some Kiwis are purchasing at 22, the cultural pressure to own property, and alternative ways to build wealth if homeownership isn't your priority.Next Steps: If you're thinking about buying your first home, make sure your KiwiSaver is working as hard as you are - get in touch with Lighthouse Financial for tailored advice today.For more money tips follow us on:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.

There was a survey out last week that broadly supported the Government's moves around KiwiSaver, as in the 3% and 3% going to 4% and 4%. But they wanted the Government to do something about the cut in contribution from the state. Small hint – if you rely on the Government for any consistency around long term projects, forget it. From the very beginning of KiwiSaver, the Government were always going to be the weak link. When it comes to big picture stuff, dedication and focus from a government is a casualty of the three year political cycle. They were never going to be our friend on retirement savings. The best advice I offer anyone, including our kids, is do it yourself. It's your life, your decision and your future, so do it yourself. To show you how hopeless we are at saving in this country, figures released last week in America showed their KiwiSaver, what they call their 401k, hit a record high at 14.3%. So while we are mucking around on 3-4% they are up to over 14%. Here is the kicker – the industry says it really should 15% if you want to be comfortable. A psychological step change is required and I'm not sure we will ever get there. Whether its employer contributions that get offered instead of more pay, or whether it's the Australian style compulsion, a lot of countries do it a lot of different ways and most of them have dealt with the age of retirement as well. We basically are stuck with 65-years-old, and angst around even a debate about changing it, and far too many people who get to retirement and are stuck with a state-funded payout that has never been good and will not serve you well, if it's all you have to live off. There is of course no reason for this to even be a problem. Lee Kuan Yew many years ago in Singapore took a third world country, told them to save, forced them to save, and now they are rich. The answers are all there. Australia has it sorted, the Norway fund is famous, and even the Americans at 14.3% seem to have it solved. We need to look and learn and then get our act together and apply a bit of basic discipline to our long-term futures that don't rely on a government. See omnystudio.com/listener for privacy information.

THE BEST BITS IN A SILLIER PACKAGE (from Friday's Mike Hosking Breakfast) Anyone at All?/We Can't Afford Insurance Either/Great Work, Nerds/Mark the Week/Pickle VS PaddleSee omnystudio.com/listener for privacy information.

Sharesies' Matt MacPherson reveals the launch of members' most-requested feature—US Self-Select for the Sharesies KiwiSaver Scheme, opening access to 55 American companies. We discuss: The unique Investment Plan Builder tool that lets you experiment with portfolio combinations using virtual money before committing How guardrails work to maintain diversification (minimum 50% in base funds, maximum 5% per individual stock selection) Access to previously unavailable investments like crypto through ETFs The tax-efficient PIE fund structure that makes it all possible. Sharesies Investment Management Limited is the issuer of the Sharesies KiwiSaver Scheme. The product disclosure statement (PDS) for the Sharesies KiwiSaver Scheme has been lodged, and may be viewed on the Disclose Register or on our documents page For more or to watch on YouTube—check out http://linktr.ee/sharedlunchShared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. See omnystudio.com/listener for privacy information.

In a world of pressing problems one of the bigger, longer term ones is due a good looking at because if we don't, when we get there we will want to shoot ourselves. IRD has been looking at the cost of stuff and where that money comes from. The trouble, and this is not new, is we have more older people needing more money and fewer younger people to work to raise the money to pay the bills. This is more than Super. It's health. It's pretty much everything. Currently 16% of the population is over 65-years-old. By 2060 it will be a quarter. The IRD conclusion is that people will likely have to pay more tax. Really? Is that it? Well, no. Somewhere in the advice they mutter something like "we could always cut costs". Bingo! Give those people a prize. And why that idea is not top of the pile of ideas, I don't know. Because here is what I do know. Most of the money to pay for all this comes from you and me. Personal tax is over 50% of Government income, its 52%. Companies pay 17%. GST is 25%. A lot of GST is us as well. In fact our top tax rate is 39cents. Add GST on to that you are at 54%. Add the bits and pieces on top - the ACC, the road user charges - and top income earners will be parting with 56-57% of everything they earn. And the IRD advice is we will need more please. So how much more? And at what point does it become ruinous? At what point do the young, bright things move offshore? The ones of course that haven't already. So let's take stock. We are highly taxed. Remember at the other end we have no tax free component in income. We are a low wage economy. We have a massive savings issue with KiwiSaver at an average of $30,000-ish and a fiscal cliff in a bunch of years where the main idea is we will bleed you some more. Spot the red flag. So, what to do? And how urgently do we do it? Ideas please. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Markets are rising, oil prices are spiking - but what does Trump's strike on Iran mean for your money? We unpack how rising tensions in the Middle East could affect KiwiSaver balances, inflation, mortgage rates, and the everyday cost of living in New Zealand.Ever wanted your own financial adviser? James is picking one listener to coach for a whole year - apply now and you might just star on the podcast too!For more money tips follow us on:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.

From the "we can't get out of our own way" file comes the question, as posed this week by the Retirement Commissioner, as to whether people who have money in the bank should get the pension. The first part that is wrong with that is I thought we had decided many a decade ago, rightly or wrongly, that Super is an entitlement. Its trigger, rightly or wrongly, is age, therefore the other criteria you might like to add to the equation like height, weight, job, brain power or savings, are null and void because age is what does it. So are we changing that, are we? Because that is the inference in the question. The inference is also this sneering socialist bend some people have around success. "Don't be too successful" is the message, and that's what savings generally are. You had a plan, you worked hard, and you put a few dollars aside. Interestingly the numbers are depressing. This is where the question came from. There are 33,000 over the age of 65 who earn between $100-200k a year. There are 9,000 who earn more than $200k. That's not a lot of people. It shows you how poorly paid we are, how bad at saving we are and how expensive life is to stop you saving. A whole bunch of stuff leads us to not being a very well-off sort of country. I have said this many times – I'm not fussed. I didn't join KiwiSaver and I'm not relying on a pension. Why? Because when I started work in 1982 it was very well established that the pension may or may not be around at all, so why take the risk? And in 1982, on the minimum wage as I was, I had 45 years to get my act together and do something about it. The problem with keeping on asking these questions is it messes with people and their intentions. Governments have been bad enough already with their constant changing of the rules and their contributions, the last thing we need is thought bubbles on what should be a long term, leave it alone, get out of the way, understanding among us all that the pension is our society's recognition of a life's work. Change the age if you want. But penalising success is the opposite of what we want to promote. See omnystudio.com/listener for privacy information.

Talk To Me Nice Thursday Who owns the name... Who owns these names for ALL of history?... Matua Marc sits down with Billy from Sharesies to talk Kiwisaver!... What it is, how you can get started and how it can help you for your future!... Our brother Webby stops by from across the building to tell us about The YK MOVE Challenge - Set your weekly movement goal, hit it all July, and go in the draw to win $10,000. Sign-ups close 30 June on the YOUKNOW App. Link: ⁠https://sodqk9os.tapc.art/ KiwiSaver members that are put into a default scheme are put into a balanced fund rather than a conservative fund automatically. Sharesies Investment Management Limited is the issuer of the Sharesies KiwiSaver Scheme. The product disclosure statement (PDS) for the Sharesies KiwiSaver Scheme has been lodged, and may be viewed on the Disclose Register or on our documents page.Investing involves risk. We recommend talking to a licensed financial adviser. The views expressed during The Morning Shift are those of the presenters ("or guests" if that's appropriate) and are not a recommendation or opinion to invest. Their views are their own. Hit that link below to stay caught up with anything and everything TMS. ⁠⁠⁠⁠⁠⁠⁠⁠⁠www.facebook.com/groups/3394787437503676/⁠⁠⁠⁠⁠⁠⁠⁠⁠ We dropped some merch! Use TMS for 10% off. Here is the link: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://youknowclothing.com/search?q=tms⁠⁠⁠⁠⁠⁠⁠⁠⁠ Thank you to the team at Chemist Warehouse for helping us keep the lights on, here at The Morning Shift... ⁠⁠⁠⁠⁠⁠⁠⁠⁠www.chemistwarehouse.co.nz/⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Investors may be feeling uneasy as tensions remain high between the US, Iran, and Israel. To shed some light on the latest situation, we’re turning to Nicholas Bagnall, Chief Investment Officer at Te Ahumairangi fund, and Matt Macpherson, our Head of KiwiSaver. Nicholas has seen more than a few conflicts play out over his 30+ years of investment management, so we’re asking—where to from here? What moves can we expect from Russia and China? What could this all mean for oil prices and the value of the USD? Matt lays out the implications for your KiwiSaver balance and the NZ economy—and what this all means for defense-related investments. And Nicholas tells us how to build a portfolio that doesn’t need to change in response to unpredictable times, and why high risk doesn’t necessarily mean higher reward. For more or to watch on YouTube—check out http://linktr.ee/sharedlunchShared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.See omnystudio.com/listener for privacy information.

Money commentator David Boyle reckons a budgeting date night could be just the tonic for couples to talk through their money challenges.

One of the organisations vetting KiwiSaver hardship withdrawals has said applications to dip into the retirement fund have more than doubled in the past two years. This comes as some fund managers have expressed concern about social media "how to guides" advising people to go into more debt or fudge their financials so they can crack open the retirement piggy bank early. Inland revenue figures show that in April 2025 hardship withdrawals were up $300 million on the year before. Public Trusts acts as a supervisor for various KiwiSaver schemes and decides which hardship withdrawals are signed off. General Manager of Corporate Trustee Services David Callanan spoke to Lisa Owen.

After 5.5 years, 400 episodes, and a journey that started with a Kiwisaver convo during my PwC internship... I'm officially wrapping up The OneUp Project.This episode is a reflective goodbye — sharing the real reason I'm ending the pod, the unexpected lessons it taught me, and why pressing pause can be a power move. Whether you've been here since day one or just joined, this one's from the heart. Thank you for growing with me

In his final episode, ASB's retiring Head of Asset Management, John Smith, joins host Nigel Grant (Head of Wealth Product, ASB) to reflect on a decades-long career — from paper-based trading to digital platforms, through the establishment of KiwiSaver, and across shifting market cycles. John reflects on what's changed, what's stayed the same, and the lessons he's taking into retirement.

Host Nigel Grant (Head of Wealth Product, ASB) is joined by Frank Jasper (Investment Strategist, ASB) to break down the basics of financial markets and how they connect to your KiwiSaver account or Investment Fund. They explore how markets work, what drives their movements, and how ASB applies a long-term strategy to manage risk and build robust portfolios.

Inland revenue figures show a record number of hardship withdrawals from KiwiSaver is the past year. Between July 2024 and April 2025, more than $389 million's been taken out of KiwiSaver for financial hardship reasons. That's up from $300m on the year before. People can access KiwiSaver retirement funds in significant financial hardship, including for example to pay for food, power or palliative care. However, a fund manager told Checkpoint there is a multitude of social media videos full of workarounds to help people qualify for a hardship withdrawals and effectively game the system. General Manager for KiwiSaver Fisher Funds, David Boyle spoke to Lisa Owen.

Any changes to KiwiSaver that could allow budding farmers to buy a herd of cows or flock of sheep would be a slippery slope according to one retirement fund provider. People who have been in KiwiSaver for three years can withdraw almost all the money to buy a first home, but they have to live in it. But Federated Farmers is applying pressure on the government to deliver on National's pre-election promise to unlock KiwiSaver so it can be used to buy stock, and first homes that wont be owner occupied. Agriculture Minister, Todd McCLay told Checkpoint he hopes to deliver on the promise. But not everyone thinks its a good idea. Founder of Koura KiwiSaver, Rupert Carlyon spoke to Lisa Owen.

The heat is on the agriculture minister to deliver this term on a pre-election promise to unlock KiwiSaver so it can be used to buy a first farm, and not just a house. At the moment if you have been contributing to KiwiSaver for three years you can withdraw almost all the money to buy a first home to live in, although there a few exceptions. Federated Farmers has launched a petition urging the government to losen the rules for accessing the retirement scheme saying it will turbo charge the next generation of farmers and deliver on a committment that Todd Mclay made during a meeting in Morrinsville. Agriculture Minister Todd McClay spoke to Lisa Owen.

There have been calls for the government to unlock KiwiSaver so the funds can be used to buy a first farm, not just a house. At the moment if you have been contributing to KiwiSaver for three years you can withdraw almost all the money to buy a first home to live in. Now, Federated Farmers has launched a petition urging the government to losen the rules for accessing the retirement scheme and have said it will turbo charge the next generation of famers. Federated Farmers Dairy chair, Richard McIntyre spoke to Lisa Owen.

Time is running out for KiwiSaver members to get an extra $521 in their accounts from the Government. From next year it will only be contributing about $260 or, in some cases, nothing at all. People will need to get in quick if they are to cash in on the final $500 payout. Money correspondent Susan Edmunds spoke to Lisa Owen about how to get this bit of "free money."

KiwiSaver providers are hoping public support for increased contribution rates could provide the incentive to push them higher still. Money correspondent Susan Edmunds spoke to Corin Dann.

This episode revisits my August 2022 conversation with Neil in Episode 69, A Financially Complicated Breakup. Now 52, Neil has lived in New Zealand for 20 years, working in IT since moving from the UK in 2005. He retained his UK property as a rental and began learning about personal finance around 2006. When KiwiSaver started in 2007, he joined up, and by our first chat, his KiwiSaver had grown to $200,000. After a previous long-term relationship ended with a fair asset split, Neil began to invest more and more in a range of ETF funds. A new relationship followed, and he became a father, but without a relationship property agreement in place, the eventual breakup led to a bitter legal dispute over money. Hearing his story offered a valuable male perspective on something I more often hear from women: lengthy, painful separations marked by financial and emotional strain. Often, there's already a financial imbalance, which becomes even more difficult when children are involved and time off work affects a woman's earning power. While I'm mindful this is only Neil's side of the story, I'm pleased to share that this challenging chapter ultimately ended well, and I hope the details provide insight and hope to others navigating similar situations.

Big Truss Mahi Tuesday! What a week it was last week... Foot Locker Friday, Zac Lomax, Shifters outing their partners flaws... Like what other podcast has THAT much variety?... Just quickly Shifters, we missed it BUT on Friday it was out 500th Show... Exxxcuse you what, 500 episodes!? Let us know what your favourite moment has been so far! Sharesies Investment Management Limited is the issuer of the Sharesies KiwiSaver Scheme. The product disclosure statement (PDS) for the Sharesies KiwiSaver Scheme has been lodged, and may be viewed at sharesies.co.nz As part of the budget announcements, the Government has indicated that the default rate for employee contributions will move to 4% by 2028 and employers will be required to match that.  The boys discuss their thoughts on this and KiwiSaver Generally.  (Note the current minimum employee contribution rate for KiwiSaver is 3%  and you can contribute 3,4,6,8 or 10%. Employers are currently only required to contribute 3%.) Hit that link below to stay caught up with anything and everything TMS. ⁠⁠⁠⁠⁠⁠www.facebook.com/groups/3394787437503676/⁠⁠⁠⁠⁠⁠ Shop our TMS Merch here fam! ⁠⁠⁠⁠⁠⁠https://youknowclothing.com/search?q=tms⁠⁠⁠⁠⁠⁠ Thank you to the team at Chemist Warehouse for helping us keep the lights on, here at The Morning Shift... ⁠⁠⁠⁠⁠⁠www.chemistwarehouse.co.nz/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The Government is tipping $200 million into getting a stake in an offshore gas field. Dan also discusses changes to KiwiSaver and the Government's investment boost scheme. And, the Reserve Bank meets tomorrow to decide on interest rates: a cut is expected, but what will follow is uncertain.

'Don't just invest in stats and numbers, invest in us.' That's the message from a group of teenagers grappling with some of the decisions made by the government in this year's budget. They came together on Friday along with child advocates, researchers and other rangatahi to unpack the budget, with Kiwisaver, pay equity, employment and climate change all top of the discussion. Louise Ternouth reports.

In the year of growth, Nicola Willis has presented a growth budget. But does the Investment Boost initiative, which speeds up depreciation for businesses, promise the kind of growth that the economy needs? In this special Spinoff pod for budget day, Toby Manhire asks Bernard Hickey for his take on the headline changes, and whether or not David Seymour's earlier commentary that his colleague Brooke van Velden had “saved the budget” through its controversial and hurried changes to the pay equiry scheme, has been proven true. Plus: what are the cumulative impacts of the changes to KiwiSaver and Best Start, as compared to the SuperGold cohort? And how much did the global political and economic volatility influence the documents published today? Learn more about your ad choices. Visit megaphone.fm/adchoices

In its budget the coalition's clawed back money from three main areas - Pay equity, Kiwisaver and Best Start payments. The bulk of the 5.3 billion dollars saved - in fact about half of it - has come from the pay equity overhaul. 2.7 billion dollars a year, re-distributed to other priorities. Deputy Political reporter Craig McCulloch spoke to Lisa Owen.