How do I submit an offer on a house?
When buying a home it is important to remain rational and to do your homework. A house is worth the maximum......
The basis of all great relationships is trust and it should be no different when dealing with your financial adviser. Building that trust, however, isn’t always easy with the number of laws, regulations and titles given to different types of advisers within New Zealand.
This week we have delved into the details to make it easier for you to understand your adviser and their obligations.
At FoxPlan we believe our lending team is first-class and two recent success stories demonstrate the lengths our team will go to when it comes to securing first-home finance.
It’s not the easiest time to be a Landlord right now. 484 Landlords are potentially in hot water over their failure to insulate their investment properties. New tax changes have also meant that losses from owning a rental can no longer be claimed against direct income and must be deferred forward.
With this double whammy, it’s fair to ask whether the staple Kiwi rental property is still a good investment option.
Facebook recently announced the launch of its own digital currency ‘Libra’. Facebook envisions this currency being used to pay for everything including your daily coffee, eCommerce and even financial services.
Facebook are not alone in this space. There are currently over a thousand forms of digital/crypto currency available and this number is only likely to balloon as we progress in to the 21st century.
This week we talk about the implications of digital money for Kiwis.
This week senior financial adviser and head of investment at FoxPlan, Warwick Walker delves in to our investment philosophy and the hard-data that supports it.
You have likely heard the news earlier this month that on the back of the IRD’s new tax refund system being implemented, 450,000 taxpayers were identified as paying the wrong PIR tax rate on their KiwiSaver.
Unfortunately for those impacted, any shortfall in tax will have to be paid directly out of pocket as the legislation does not allow for it to be deducted against the remaining balance in a KiwiSaver fund. This will be a most unwelcome surprise!
New Zealand is the second most charitable nation on Earth and in 2014 we donated over $1.53 billion to worthy causes. Our giving nature is a fundamental part of the Kiwi ethos and we are always happy to pitch in and help when the need arises.
But giving isn’t always easy. Once you are on a donor list there are often follow up appeals and calls for further donations. Trying to verify charities can be a time-consuming task and many good organisations simply do not have the resources to demonstrate the tangible changes that have occurred from your contribution
It’s probably fair to say that the range of personal insurance options available to Kiwis is a bit overwhelming. From contents to car, life to income protection, funeral cover to pet insurance and everything between. Being aware of what insurance covers exist let alone understanding what they do is a challenge.
An often overlooked, but potentially life changing insurance cover is Trauma. This week we dive in to explain it.
This week FoxPlan founder and director John Killick shares his thoughts on the fear that Kiwi investors often allow themselves to be guided by when making investment decisions.
Ask five different people ‘what is financial planning?’ and you’ll likely get five completely different answers. It’s this very confusion that often puts people off the idea of financial planning altogether – so this week we thought we would break down the FoxPlan model of financial planning to the very basics.
Kiwi’s love property investment, that’s no secret. Last year over 313,000 Kiwi’s filed tax returns that declared rental income from property investment across residential, commercial and rural properties.
For the younger generation in New Zealand however, owning a property to live in, yet alone one for the purpose of investment is a dream that is becoming increasingly more difficult.
Consumer New Zealand have produced their latest KiwiSaver satisfaction ratings and it’s sobering reading for nearly all New Zealand KiwiSaver providers.
On average, only 48% of Kiwis are satisfied with their KiwiSaver provider, down from 52% in 2018.
We live in an age of convenience. Whatever we want, we can have delivered to our doors - increasingly within minutes rather than hours or days. This convenience is useful, we’ve all experienced the struggles of being time-poor so where we can make our lives easier, we jump at the chance.
But does this convenience come at the risk of our own well-being? The latest research from AIA/Sovereign gives us some food for thought.
Retaining staff is a challenge faced by all Kiwi employers, no matter how big or small. The current employment climate with its low unemployment and rising wages is amplifying the challenge for many businesses as staff review their options and take increasing responsibility for their own career paths.
The first of April brings with it a new financial year for New Zealanders so this week we thought we would cover the major changes around Taxation and KiwiSaver that kick in from 1 April 2019.