Hi there,
With Christmas just around the corner, it’s the perfect time to reflect on the year gone by and prepare for the holiday season ahead.
While this is a time for celebration, it’s also a season when accidents and emergencies tend to spike! From car accidents on busy holiday roads to unexpected health issues, December often sees an increase in insurance claims.
We’ve all seen stories of people turning to Givealittle to raise funds for medical treatments. According to RNZ’s latest news “Thousands of people turn to crowdfunding platform Givealittle every year to raise money to cover their health needs – and it’s prompted a warning from the insurance industry.”
Insurance provides the peace of mind that you and your family are protected, no matter what life throws your way. Let’s make sure you’re entering 2025 with confidence that you and your family are protected.
A closer look at KiwiSaver contributions
Many of you asked about the benefits of increasing your KiwiSaver contributions to 8% or 10% through your employer. Let’s explore how this could grow your savings.
The impact of different balances
Last year, the Generate KiwiSaver Scheme Focused Growth Fund delivered a return of nearly 30%. Here’s how that growth could affect balances of different sizes:
- $10,000 balance x 30% = $3,000 increase
- $100,000 balance x 30% = $30,000 increase
While both balances grew by the same percentage, the larger balance achieved a much bigger dollar increase.
This example highlight the importance of contributing more to grow your KiwiSaver balance over time. If you’re ready to increase your KiwiSaver contributions, click here for more information and the form to submit to your employer.
Wishing you a Merry Christmas and Happy New Year!
May this holiday season be filled with joy, peace, and plenty of wonderful moments with your friends and families. Here’s to a safe and prosperous 2025!
God bless,
Bourne Wong
