SETTING CHILDREN up for life
New Zealand Woman's Weekly|August 14, 2023
We've partnered with New Zealand's low-fee, nonprofit KiwiSaver provider Simplicity to answer your financial questions Co-founder and financial commentator Amanda Morrall talks about nest eggs for children
SETTING CHILDREN up for life

Why is it important to consider investing for my kids? 

Compounding returns! It’s a kid’s best friend, so the earlier you start investing on their behalf, the better off they’ll be when they need it. Any parent who took advantage of the $1000 KiwiSaver kickstart on behalf of their kids (which the government removed in 2015) and then regularly contributed over the years will know that. From birth, $1000 invested with $5 a week regular contribution over 18 years could be worth more than $9000 before tax and fees (nearly $6000 after factoring in 2% annual inflation), assuming a 4.5% annual rate of return. Compounding returns is when returns are earned on both the principal amount and any accumulated investment earnings generated by that principal amount. It is an important concept in investing and can help your money grow faster over time. 

Where do I begin? 

Denne historien er fra August 14, 2023-utgaven av New Zealand Woman's Weekly.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra August 14, 2023-utgaven av New Zealand Woman's Weekly.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA NEW ZEALAND WOMAN'S WEEKLYSe alt
Sweet SUCCESS
New Zealand Woman's Weekly

Sweet SUCCESS

Delicious twists on traditional favourites

time-read
6 mins  |
September 16, 2024
Calzone CRAVING
New Zealand Woman's Weekly

Calzone CRAVING

Anything you can put on top of a pizza can go inside these air fryer Italian turnovers

time-read
1 min  |
September 16, 2024
Kai & kindness - ‘OUR RECIPE FOR A GOOD LIFE'
New Zealand Woman's Weekly

Kai & kindness - ‘OUR RECIPE FOR A GOOD LIFE'

The foodie and her brother have dished up a cookbook full of comfort

time-read
3 mins  |
September 16, 2024
Kia Ora Dame! 'I HAD A BIGGER PURPOSE'
New Zealand Woman's Weekly

Kia Ora Dame! 'I HAD A BIGGER PURPOSE'

It could have taken a toll on her, but Naida's phone greeting started a legacy

time-read
3 mins  |
September 16, 2024
Dame Hinewehi's healing haka - 'IT'S GOING TO CHANGE LIVES'
New Zealand Woman's Weekly

Dame Hinewehi's healing haka - 'IT'S GOING TO CHANGE LIVES'

Beating a world record is personal for the music therapy founder

time-read
3 mins  |
September 16, 2024
Unbreakable Mamie - 'I'M READY TO FAMOUS!' BE
New Zealand Woman's Weekly

Unbreakable Mamie - 'I'M READY TO FAMOUS!' BE

The TV star and model is excited about what the future holds

time-read
3 mins  |
September 16, 2024
Below Deck detective - CAPTAIN LEE'S SEA CHANGE
New Zealand Woman's Weekly

Below Deck detective - CAPTAIN LEE'S SEA CHANGE

The superyacht hero's family tragedy has led him to navigate scary waters

time-read
3 mins  |
September 16, 2024
Swings & roundabouts - OWEN'S BIG KID PROJECT
New Zealand Woman's Weekly

Swings & roundabouts - OWEN'S BIG KID PROJECT

Playtime's a whole lot more fun thanks to the radio host

time-read
3 mins  |
September 16, 2024
Haunted by tragedy - KATE'S SHOCK LOSS
New Zealand Woman's Weekly

Haunted by tragedy - KATE'S SHOCK LOSS

The star is still dealing with the death of her dad when she was aged four

time-read
3 mins  |
September 16, 2024
Top-secret royal plan - BRINGING HARRY HOME
New Zealand Woman's Weekly

Top-secret royal plan - BRINGING HARRY HOME

Disillusioned with life in the US, the prince is reaching out to friends in the UK

time-read
3 mins  |
September 16, 2024