Running your own business can be incredibly rewarding. Whether you’re a sole trader, contractor, or small business owner, being your own boss gives you freedom and flexibility. However, for the almost half-a-million self-employed Kiwis, it also comes with added responsibilities, particularly around protecting your financial future. One critical area often overlooked is personal insurance. Without […]
KiwiSaver has reached a significant milestone, with the Financial Markets Authority (FMA) reporting that the scheme now manages over $111.8 billion in funds as of March 2024. This achievement marks a 19.3% increase from the previous year and reinforces KiwiSaver’s vital role in New Zealand’s retirement savings landscape. With 3.33 million active members, up 2.5% […]
More Good News For Homeowners RBNZ October OCR announcement: What you need to know: Today’s announcement from the Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee that the Official Cash Rate (OCR) will be reduced to 4.75 percent brings fresh momentum to the property market. This decision to cut the OCR by 50 basis […]
With interest rates fluctuating, many homeowners who fixed their mortgage rates over the last 12-18-months are now wondering if they should break their current loan. If you’re on a fixed rate like 6.99% and see that the new one-year rate is 6.19%, it’s tempting to ask: Is it worth breaking my fixed home loan early? […]
As spring approaches, it’s not just your home that might need a refresh—your finances might need one too! Just like tidying up a room, getting your financial house in order can make a big difference in your peace of mind. Here are some simple steps to get started, and we’re here to guide you along […]
Buying a home is a big step, and knowing how much you can borrow is essential to planning your homeownership journey. While it might seem like a purely financial decision, there are many factors—like market trends and new rules—that can impact how much a bank is willing to lend. Understanding these factors can make it […]
On August 14, the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 0.25 percent to 5.5 percent. It was the first time the OCR had been cut since March 2020 With the RBNZ acknowledging that inflation now seems to be largely under control, the market and most economists are pricing […]
By now your Annual Member Statement for the year ended 31 March 2024 should be available in your KiwiSaver log in. It is worthwhile taking the time to review your contributions, your retirement goal & the performance of your fund. At Threefold, we often recommend KiwiSaver fund managers Generate and Milford, as we believe they […]
