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How to fill out the application for superannuation nz:
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Music hi I'm John Murray investment advisor with Craig's Investment Partners nearly March 2017 national announced plans to lift the age of entitlements and young super from 65 years of age to 67 starting in 20 years time it may be a few hurdles to pass before this is enacted, but one thing is clear individuals need to take increasing responsibility for saving for their retirement so let's take a closer look at what's proposed the age of entitlement to New Zealand super will increase by six months each year from July two thousand thirty-seven until it reaches sixty-seven in July two thousand forty national have said that they will leave the age at which she connected Kiwi favor at 65 national also proposes new residency requirements to ensure applicants have lived in New Zealand for 20 years with five of those after the age of 50 to be eligible for New Zealand super so if you're born before the 1st of July 1972 you will not be impacted by the proposed change and will be eligible to receive his own super at age 65 for those born between the 1st of July 1972 in the 1st of January 1974 the age of eligibility will increase six months per year anyone born on or after the 1st of January 1974 will be eligible from his own sofa at the latter age of 67 so what will the shortfall be based on our calculations and return assumptions we estimate those born in January 1974 will need to save from now an additional 29 per week for a single person or 44 dollars per week for a married couple to make up the shortfall and still retire at age 65 so why even care about saving for retirement well to enjoy our retirement lifestyle similar to the lifestyle we have today the easiest way is to start saving today this graph shows the weekly net income of three different annual salaries compared to the weekly amount you'll be entitled to with meson super and the gap insignificant however by investing a little now this will allow you to maximize the benefits of compounding returns by reinvesting the money you earn from your investment you can effectively earn a return on your return time is the most important ingredient to compounding so the sooner you start saving the greater the benefit will be over the life of your investment period now there is a wealth of information available on our website, and we also host complementary investing workshops so talk to a crazy investment advisor about how you can mitigate the impact of the proposed design super changes or took spore creating an investment portfolio if you'd like to learn more it only costs your time Music you
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