Blog

Budgeting the “Barefoot” Way

Budgeting the “Barefoot” Way

  Budgeting is the core to every financial plan, but we all hate doing it. Being on a "budget" can feel restrictive, and often is often not very successful as a result. I have read a number of books and papers on budgeting over my years as an adviser, but one I...

How much money do you need to be “wealthy”?

How much money do you need to be “wealthy”?

In Credit Suisse’s 2018 Global Wealth report, New Zealand was ranked the world’s sixth richest country. Only the US, Belgium, Switzerland, Norway and Australia ranked above us. This works on average wealth per person of course, and there are big differences between...

How we Mitigate Portfolio Related Tax for Clients

How we Mitigate Portfolio Related Tax for Clients

New Zealand is considered to have a simpler tax structure than jurisdictions such as the UK, Australia and the USA.  As a result, less attention is generally paid to tax as it relates to investment portfolios.  However, as advisers there are a number of things we can...

KiwiSaver and Your First Home

KiwiSaver and Your First Home

  Apart from retirement, the other main reason you can apply to withdraw from your KiwiSaver is to help purchase your first home. This article explores how First Home Withdrawals work and what you need to know.   Who can apply to withdraw?   FIRST HOME...

A Focus on KiwiSaver Fees

A Focus on KiwiSaver Fees

As an organisation, BWT Financial Limited chooses to work with Booster for KiwiSaver as the sole provider. I often get asked about the fees on Booster KiwiSaver Schemes, and so have put the current information in what I hope is a clear way below. A number of people...

It’s Okay to Look Away!

It’s Okay to Look Away!

As you probably know we are big fans of Behavioural Finance. It’s a field that is designed to explain how people actually make (mainly irrational) decisions with money. Dr Richard Thaler of the University of Chicago wrote a book that discusses in amusing detail how...

Are we on the Brink of Recession?

Are we on the Brink of Recession?

Firstly, I want to point out the title of this article. Had I titled the article, “What is an inverted yield curve and why does it matter?” would anyone actually have been interested in reading it? Because I mentioned recession and hinted that we might be on the brink...

A Consideration of Term Deposits versus Investing

A Consideration of Term Deposits versus Investing

Two important considerations Although term deposits are very popular in New Zealand, there are two main reasons why you may not want to invest the bulk of your long-term investment or retirement assets in term deposits. You want a more secure investment You want a...

A Government Match Better than KiwiSaver!

A Government Match Better than KiwiSaver!

Ever heard of a charity where some famous or rich person says that they’ll match your donation? If you give a dollar to the charity, they’ll match your donation so the charity gets two dollars. One group even did a study on the effect of this type of charity matching...

Do Lower Interest Rates mean Lower KiwiSaver Returns?

Do Lower Interest Rates mean Lower KiwiSaver Returns?

  With the official cash rate in New Zealand being cut to an all time low of 1.5%, how will KiwiSaver and investment returns be impacted?   Firstly, lets look at the direct impact of a lower interest rate on KiwiSaver. Only a very small proportion of...

Fancy Some Free Money?

Fancy Some Free Money?

Previously called “member tax credits”, the annual Government contribution really is free money! If you are over the age of 18, and contributing to your KiwiSaver, then you can get up to $521.43 free each year. There are no catches, and it’s easy to get it. For every...

Are you Ready for Retirement: Part 3

Are you Ready for Retirement: Part 3

This is the third in a series of ‘Are you ready for retirement?’ articles. Read article one here and article two here.   “I’m happy, don’t get me wrong, but I’m also a little confused,” Jenny looked at us, still smiling, but with a slightly quizzical expression....