Who wants the best interest rate for their term deposit? We have collectively negotiated preferential interest rates for WealthDesign’s investment clients.
The great thing is your account is in your name – meaning there are no fees based on the amount you have invested.
If you’re interested in comparing all the current bank term deposit rates, head over to interest.co.nz. Then give John a call to see what WealthDesign can offer you for your term deposit.
John Barber
Any extra cover you can get with no medical underwriting is absolute gold!!
For some clients the main barrier to buying additional cover is the thought of spending time going through those pesky application forms all over again. But ‘special events’ can mean a free pass to additional cover without application forms or visits to the doctor.
Here’s some examples of ‘special events’: marriage, divorce, buying property or increasing the mortgage, sending a child off to university, having a baby or taking care of a dependent relative.
A new ‘special event’ has been introduced recently by one insurer. If you have had a pay rise, you can increase the sum assured on your lump sum covers by five times the amount of the pay rise, with no medical underwriting. For example, if the pay rise is $10,000 you can increase the sum assured by $50,000. They can also of course increase the sum assured on their income protection by 10% with no medical underwriting.
Keeping your cover in touch with your lifestyle can be easier than you imagine, so call the WealthDesign office to book an insurance review – you’ll be pleased you did!
Regan Thomas
Financial planning – just for the oldies right? Not so much! If you’re generation Y, just finishing university, finished your apprenticeship or starting out in the working world, there are a few financial planning issues you need sorting.
Firstly it’s wise to be in KiwiSaver, as soon as you join the workforce. This is one of the four pillars of financial success. You need to understand the first home subsidy rules and how KiwiSaver works. You’ll be targeted by the bank teller who is trying to meet his/her daily KPIs of selling a certain number of KiwiSaver plans, but it pays to get valuable, qualified advice. You really need to understand what you should invest, and why you should invest in the right fund – and your local bank teller is not qualified to give such advice.
You need to make your first Will and get an understanding around the relationship property rules. A good lawyer will help educate you on the basics. (As part of our role, we team you up with the right people, to support you on your financial journey.)
Lastly you need to get your insurance in order. If you’re off travelling or working outside of New Zealand, getting insurance set up is vital. The sad fact is, if you work globally and something goes wrong, financially you can be clobbered. The good news is this isn’t a costly exercise.
Quality, objective financial planning advice pays dividends. It’s also empowering you to take control of your own life – getting the basics tidied up to bring you peace of mind – freeing you up to go and live your life, however that looks for you. An initial chat is always free of charge, so it’s well worth a call to us at WealthDesign, to tee something up.
Today we all seem to work in an Australasian job market. Kiwis are often moving back and forth from New Zealand to Australia for short bursts. In New Zealand we have ACC to protect us financially if we suffer an accident. Kiwis working in Australia may not be so lucky.
If you, your children or extended family plan to work in Australia or globally for that matter, please talk to us before you/they go. We hear stories of kiwis coming home with long term injuries and next to no financial support. For us it is frustrating to hear as often for a small cost, we could have put in plans that would have protected them financially.
Although Australia and New Zealand are very similar in lots of ways, financial support after injury is handled very differently. Give us a call – we make the complicated simple.
Do you know what happens with your ACC if you get hurt and can’t work again? You pay your levies just like anyone else but if you are hurt in an accident and off work long term, you are discriminated against at claim time.
First year on claim you would get 80% of your salary and the National Superannuation payment. Year two, either 80% of your salary or National Superannuation payment, but after year two you only get the National Superannuation payment.
Is this fair? Doesn’t appear so to me, but it’s the rule that applies today.
If you are over 50 and plan to work longer than 65, give us a call and talk about your risk planning.
We’re here to help – we make the complicated simple.
John Barber