Business Owners & Self Employed: $521 Free From The Government
đź’ˇAre You Eligible for $521.43 KiwiSaver Government Contribution?
âś” Each year, the Government contributes up to $521.43 towards your retirement savings automatically through your KiwiSaver provider.
đź’˛To receive the full $521.43, you need to contribute at least $1,042.86 of your own money between 1 July 2023 and 30 June 2024. Note: Employer contributions, past government contributions, and funds moved from Australian retirement schemes do not count towards this amount.
đź’˛You can make a voluntary additional contribution to reach $1,042.86 by 30 June (remember to allow for processing time).
✔Even if you don’t save the full amount, you still receive 50 cents for every dollar you contribute between 1 July 2023 and 30 June 2024.
You won’t get the full contribution if:
❌ You turn 18 part-way through the year
❌ You join part-way through the year
❌ You no longer meet the eligibility criteria
✔If you join, turn 18, or reach the age of eligibility to stop contributing part-way through the year, the government contribution is prorated based on your membership days.
Your KiwiSaver provider applies for the contribution after 30 June.
adviceHQ partners with the top KiwiSaver providers. Contact us now for a 15-minute review to maximise your KiwiSaver contributions.
#adviceHQ #KiwiSaver #GovernmentContributions #retirement
Calling All Puzzle Masters! Can You Solve This?
When John was six years old he hammered a nail into his favorite tree to mark his height.
Ten years later at age sixteen, John returned to see how much higher the nail was.
If the tree grew by five centimetres each year, how much higher would the nail be?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
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Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
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What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
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