Thorners

Thorners August Newsletter

Bruce Smith — Fri, 13 Aug 2010 01:21:38 +0000

Click on the link to see if your protection plan is complete August 2010 newsletter

Click here to view our disclosure statement.

Click here to email Thorners or Call Us on (04) 528 8088

Kiwisaver Three Years On

Bruce Smith — Sun, 04 Jul 2010 23:45:40 +0000

3 years on, over $5.5 billion invested across 1.4 million members and still 1,000 new members are signing up each day!

Do you need to speak with us to discuss your options?

Click here to view our disclosure statement.

Click here to email Thorners or Call Us on (04) 528 8088

KiwiSaver First Home Buyer Incentives now available

Bruce Smith — Sun, 04 Jul 2010 23:42:41 +0000

The 3^rd Anniversary of KiwiSaver also marks the commencement of the first home purchase withdrawal facility and the first home purchase subsidy. From1 July these benefits became available to eligible members.

SAVING FOR YOUR FIRST HOME WITH KIWISAVER

While KiwiSaver is mainly about saving for your retirement, there are 2 benefits for KiwiSaver members who are saving for their first home.

Benefit 1: Savings Withdrawal To Buy A Member’s First Home

To help members with a deposit for their first home, they may be able to withdraw some or all of their KiwiSaver savings (except for the $1,000 kick-start and member tax credit).

Eligible criteria:

• You must have been a KiwiSaver member or a member of a complying fund for three or more years.

• You can only withdraw money to buy your first home – not an investment property.

If the member owned a home before, in some circumstances they may still be eligible to withdraw their savings. For more information the member can visit the Housing New Zealand website www.hnzc.govt.nz or call them on 0800 801 601 to determine if they are in the same financial position as a first home buyer.

Benefit 2: KiwiSaver First Home Deposit Subsidy

From 1 July 2010, after 3 years of contributing to KiwiSaver, members may be entitled to a first home deposit subsidy. The subsidy is administered by Housing New Zealand NOT the KiwiSaver provider.

The first home deposit subsidy is $1,000 for each year the member has been contributing to KiwiSaver, up to a maximum of $5,000 for five years. If they are a couple buying a house together and they both qualify for a subsidy, they can receive a combined subsidy of up to $10,000. Income and house price caps will apply.

To be eligible for the first home deposit subsidy, the member must:

• have contributed at least 2% of their income to a KiwiSaver scheme, or a complying superannuation scheme, for at least 3 years

• be buying their first home*

• be planning to live in the house for at least 6 months.

* If they have owned a home before, in some circumstances they may still be eligible for the first home deposit subsidy. Housing New Zealand will need to determine that they are in the same financial position as a first home buyer.

To find out more, visit the Housing New Zealand website www.hnzc.govt.nz or call them on 0508 935 266

After They’ve Bought Their Home

Once they have made a withdrawal from their KiwiSaver account to buy their first home, they will remain a KiwiSaver member.

Click here to view our disclosure statement.

Click here to email Thorners or Call Us on (04) 528 8088

Considering KiwiSaver – need some quick pointers?

Bruce Smith — Thu, 01 Jul 2010 02:42:04 +0000

See the attached link for one minute of KiwiSaver tips…

KiwiSaver tips

Let us know if you need further advice.

Click here to view our disclosure statement.

Click here to email Thorners or Call Us on (04) 528 8088

Have life insurance but no Will?

Bruce Smith — Thu, 01 Jul 2010 00:57:58 +0000

Everybody with assets, particularly life insurance, needs to have a Will. Follow this link for some wise words.

Wills

Talk to your legal professional if you need further advice.

Click here to view our disclosure statement.

Click here to email Thorners or Call Us on (04) 528 8088

Thinking home equity release…

Bruce Smith — Thu, 01 Jul 2010 00:52:32 +0000

If you are considering a Sentinel Lifetime loan or just thinking about home equity release then there are some wise words to consider from this link.

Equity release.

Speak with Thorners if you have any questions.

Click here to view our disclosure statement.

Click here to email Thorners or Call Us on (04) 528 8088

Sentinel Lifetime Loan Interest Rate Change July 2010

Bruce Smith — Thu, 24 Jun 2010 01:49:57 +0000

Effective from 1 July 2010 Sentinels Lifetime loan interest rate will be 7.10% p.a.

This reflects the current market and continues to make the Sentinel Lifetime Loan a great choice for any retired New Zealander’s struggling with their cash flow.

Contact Thorners if you need finer details on the loan and how it may work for yourself or your parents.

Experience the Thorners “no fuss” planned approach to financial freedom and protection
www.thorner.co.nz

Click here to view our disclosure statement.

Click here to email Thorners or Call Us on (04) 528 8088

Thorners June 2010 Newsletter

Bruce Smith — Thu, 24 Jun 2010 01:45:50 +0000

Follow the link to read Thorners June 2010 Newsletter

Click here to view our disclosure statement.

Click here to email Thorners or Call Us on (04) 528 8088

KiwiSaver – the key to your first home

Bruce Smith — Thu, 24 Jun 2010 01:40:55 +0000

As we approach the third anniversary of KiwiSaver, many New Zealanders will be thinking about the tax free government housing subsidy available from 1 July 2010 – just one of the many benefits of KiwiSaver. In addition, members will be able to apply to withdraw their contributions to buy a first home or purchase land to build a first home. So, how does it work?

First home deposit subsidy

After 3 years of contributing at least 2% of their income to KiwiSaver, members will be able to apply for a one-off grant* of $1,000 for each year they’ve contributed to KiwiSaver. The subsidy increases by $1,000 per year up to $5,000. So, if they successfully apply for the subsidy after 5 years of contributing to KiwiSaver, they will receive $5,000. Eligible couples can also combine their subsidies up to $10,000.

First home withdrawal

After 3 years of being invested in KiwiSaver, members will be able to withdraw their own contributions and their employer’s contributions for a home deposit (excluding the $1,000 kick start and Member Tax Credits). It must be their first home not an investment property. There is no minimum contribution amount to be eligible for the first home withdrawal. And for those second home buyers, they may still be eligible to withdraw their contributions if they’re in the same financial position as a first home buyer.

If members are eligible for this fantastic offer, they’ll stay a member of KiwiSaver and continue to grow their savings while taking advantage of the scheme’s other great benefits.

For more information visit www.hnzc.co.nz or www.kiwisaver.govt.nz

* Income, house caps and other eligibility criteria apply.

Contact Thorners if you need any advice on KiwiSaver.

Click here to view our disclosure statement.

Click here to email Thorners or Call Us on (04) 528 8088

Thorners May 2010 Newsletter

Bruce Smith — Thu, 17 Jun 2010 22:21:43 +0000

Click here to read Thorners May 2010 newsletter

Click here to view our disclosure statement.

Click here to email Thorners or Call Us on (04) 528 8088