Case Studies


A client of the accounting firm we are co-located with had a large cash balance in their business which was not required.

A referral was made to us, and we met with the clients. Following an in-depth discussion around succession planning, financial goals, retirement requirements and estate planning, we obtained authority from the client to facilitate a plan to extract the funds from the business into the family trust.

Working in collaboration with the accountants, a method of extracting cash from the company without tax consequences was developed. A bank account was required for the trust to hold the money and so we liaised with the client’s bank to obtain all the required paperwork to set up an account.

When the client came back for a follow up meeting, we were able to present all the paperwork to enable the funds to be removed from the business, as well as getting all the information the bank needed to open an account and transfer funds. We sent on information to the bank, the account was opened, and the funds were able to be transferred.  Once the money was in the right entity, we met with the clients in order to develop a long-term plan for investment.

Employer Chosen KiwiSaver Scheme

We are able to offer in-house KiwiSaver information sessions for staff of local businesses. We ran one of these sessions during an evening staff meeting in Rotorua.

The time slot allocated for the presentation was 20 minutes, but the staff were so engaged and had so many questions, the session ran on (with the manager’s permission) for around 40 minutes!

Following this, we met with the manager to discuss them appointing an employer chosen KiwiSaver scheme. They have a number of seasonal staff and a lot of young people through their workforce. This meant a lot of staff getting enrolled through the default system; in a low risk fund with a randomly allocated KiwiSaver provider. By appointing an employer chosen scheme, they have been able to ensure that any new staff members who are not already in KiwiSaver, are automatically enrolled into a Socially Responsible Balanced fund. This better aligns with the values of the business and is a more appropriate starting investment allocation for most people. All staff (existing and new) also get a complimentary financial review with us, as well as regular information sessions as they require.

We provided the employer with information to pass onto employees and will work with them going forward to ensure the arrangement continues to work.

For the business, it is an added benefit they can offer employees to show they care about their financial well-being. For staff, they get financial advice, a point of contact for any queries, and an employer that has taken steps to ensure they are in a good position for retirement.

Proper Planning

A couple nearing retirement age who still run their own business have enough passive income to see them through retirement without touching their capital.

A large part of the ongoing discussions we have is how they are going to either spend or give their money away. Without planning, a significant amount of money would end up going to their children on death. You don’t want to be in a position where you are accidentally leaving money to people; it should be intentional and considered.

Our discussions involve the timing of these gifts (during their lifetime or on death), how much they would like to leave their children, and what above this is excess. With this “excess” money, we are making plans for gifting to charitable organisations and creating a legacy for the family to continue after they are gone.

A Comfortable Retirement

Retired clients with overseas investments now settled permanently in New Zealand came to us for retirement advice.

Not being eligible for NZ Super for several years still, meant they needed to access other investments to live on. We liaised with the overseas adviser to get all the required information as well as checking tax implications for bringing funds over to New Zealand. Investment advice was given to the clients which included the below graph illustrating what income they had the ability to take should they want to.

It was considerably more than the baseline requirement they had given us, and more than they thought they could ever possibly have. Whilst unlikely they will spend this all, they have entered retirement in New Zealand comfortably and confidently, knowing that we will keep track of things for them, will adjust plans along the way if required and will meet regularly to reassure them.