All Episodes

October 6, 2020 26 min
Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's the mistake being made with KiwiSavers, and how to fix it. Hosted by Frances Cook.

KiwiSaver is really important, not only for our long term futures in retirement, but also our short term futures of buying first homes.

Figures from the IRD show this year, in July alone, $125 million dollars was pulled out of KiwiSavers for first homes.

In fact, research from Canstar shows about half of 18- to 29-year-olds are putting money into KiwiSaver purely to get that first home.

So that's a pretty major factor.

However, that same research also showed something a little worrying.

Those same 18- to 29-year-olds are quite confused by the different fund types, and how to use them.

That's crucial, because the fund you use could mean you put in the exact same money, but get something totally different at the end.

For the latest Cooking the Books I talked to Jose George from Canstar.

We discussed what the Canstar research shows, and how to understand your KiwiSaver so that it works better for you.

If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
Share
Mark as Played

Chat About Cooking the Books with Frances Cook

Advertise With Us

Popular Podcasts

Crime Junkie
Stuff You Should Know

Stuff You Should Know

If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks then look no further. Josh and Chuck have you covered.

Fake Doctors, Real Friends with Zach and Donald

Fake Doctors, Real Friends with Zach and Donald

You know what's long, tedious and boring? Surgery. You know what isn't? This new podcast! Join Scrubs co-stars and real-life best friends Zach Braff and Donald Faison for a weekly comedy podcast where they relive the hit TV show, one episode at a time. Each week, these BFFs will discuss an episode of Scrubs, sharing behind-the-scenes stories and reminiscing on some of their favorite memories from filming. They’ll also connect with Scrubs super fans and feature beloved show cast members for exclusive interviews.

For You

    Music, radio and podcasts, all free. Listen online or download the iHeartRadio App.

    Connect

    © 2021 iHeartMedia, Inc.