Back to Blog

A look at the government’s housing plan

At last, the long-awaited changes designed to save New Zealand’s housing market have been announced by the government. In this month’s blog we break down what’s been proposed, who is most likely to benefit and who will come out worse off. Buckle in because we think we’re all in for a bumpy ride… What have changes been announced? For some time, the cost of houses in New Zealand has been skyrocketing with little sign of abatement. Meanwhile, there are fewer and fewer houses availab...

April 6, 2021

Insurance premiums that don’t increase? Now there’s an idea

Death is one of the few certainties in life along with taxes, inflation, and the certainty that insurance premiums will rise every year. But one life insurance product is bucking the trend. In this months blog we look at how. Premiums typically go up with your ageLife insurance premiums go up in price each year based on your age, and they can jump a lot as you get into your 50's, 60's and beyond. This can mean having to cancel or lower your life insurance at a time in your life you feel you need...

March 2, 2021

These 5 things could be affecting your health

As we look ahead to 2021 and do our best to put the year that was 2020 behind us, we wanted to focus on one of the key things we deal with every day – health. Thousands of our clients and other New Zealanders have benefited from health insurance and the peace of mind that it brings them should something go wrong. But health insurance is often the ambulance at the bottom of the cliff. It’s a relief to know it’s there but we all hope we’ll never need to use it. That’s why taking preventa...

February 3, 2021

The Christmas Crunch time: How to avoid a financial hangover this silly season

“It’s the most wonderful time of the year!” It’s also the most expensive. In fact, many of us can end up paying off the silly season for months and wondering just where all that money went. In this month’s blog, we’ve put together our top tips to keep you from experiencing a Christmas credit crunch so you can come out the other side still full of cheer! 1. Set a budget…and stick to it! How many times have we said, “I can’t believe how much it all ended up costing!?” Well...

December 7, 2020

Key Questions to ask yourself about your Retirement Savings Plan

Many people aren’t entirely sure what a financial adviser does which means it’s hard to know if they should be using one. On top of that, it can be hard to reconcile the idea of parting with money in exchange for advice about that money! If you’re one of those people and not sure whether or not a financial adviser is for you, we’ve put together some key questions to ask yourself which should make the decision process easier (spoiler alert: you probably do need a financial adviser). Let...

November 9, 2020

5 tips to save for your children’s’ future

When you become a parent, you go from being the number 1 priority in life to suddenly having someone else being the priority, overnight. And, that priority is the most important role you’ll ever take on. It doesn’t take long before the pitter patter of tiny feet turns into a fully-fledged human being and you find yourself wanting them to be smarter, kinder, more successful, and higher achieving than yourself. Like many parents, you might be wondering how you can help your children along the ...

October 5, 2020

Is it time to move your savings from the bank to managed funds?

It’s no secret that interest rates have been dropping rapidly over the last few months and with the ongoing Covid-19 crisis, this trend is looking set to continue. In fact, some economists are even predicting negative interest rates if the Official Cash Rate (OCR) is set to a negative figure. Negative interest rates are generally good news for property owners who will rejoice in paying less interest on their mortgages. But for savers, the outlook is not so rosy. Negative interest rates work b...

August 28, 2020

Is it in your best interest?

On July 8th, ANZ, New Zealand’s biggest bank, dropped its home loan interest rates to the most competitive that they have been in recent times. The move comes off the back of a historically low OCR (Official Cash Rate) as the Reserve Bank works to bolster the New Zealand economy in the post-Covid era. What does this mean for interest rates in general? And what does it mean for people looking to buy? We break it down in this month’s blog. What difference does a low interest rate make? Low int...

July 29, 2020

What is Income Protection Insurance and how does it work?

Income Protection Insurance is a topic that’s come up a lot over the last few months and many clients have got in touch with us to ask about accessing their Income Protection insurance or getting insured for the first time. In today’s blog, we cover the most frequently asked questions when it comes to protecting your income through insurance. Firstly, what is Income Protection insurance? Income Protection insurance literally insures your income against the risk of illness or injury that stop...

June 24, 2020

How COVID-19 has changed the New Zealand residential property market

Along with everything else that’s changed due to the COVID-19 pandemic, New Zealand’s property market is no longer quite the same as it was. Both the government and the Reserve Bank have implemented new rules and we are already seeing some changes. In this month’s blog, we take an in-depth look at New Zealand’s property market in the era of COVID-19. LVR Restrictions From the 1st of May, the Reserve Bank removed loan-to-value (LVR) restrictions in a change that will last for at least 12...

June 4, 2020

Tax Support to get you through COVID-19

On May 1st, Parliament passed the biggest tax support package in New Zealand history. It is the latest round of COVID-19 support announced by the Government and the latest in a number of tax-related relief initiatives to help New Zealanders. In this month’s blog, we break down what tax support is available. Tax support for individuals and families If your income has been significantly reduced as a result of COVID-19, you can now apply for a tailored tax code. This is to ensure that your withho...

May 5, 2020

What financial support can you get during the COVID-19 crisis?

In what would have been an unimaginable situation just a few short weeks ago, COVID-19 has hit New Zealand’s shores and we’re in a country-wide lockdown as we try to stop the virus spreading. if you’re unable to work from home and not an essential worker, you may have found that your income has taken a severe hit. With mortgages or rent to pay, bills to keep on top of and a family to feed, this can be a very scary and uncertain position to be in. We live in a country where the wellbeing o...

April 6, 2020

Coronavirus and its impact on your retirement savings

With Coronavrius (COVID-19) sweeping the globe and a pandemic having been declared, financial markets around the world have certainly been affected with significant falls across the boardIf you’ve got investments in shares or managed funds, it is very likely that you will have seen drops in the performance of your investments. However, now is not the time to panic, there are lots of moving parts involved. In this month’s blog we look at why the drops are happening and how you should react. W...

March 16, 2020

Live your best life in 2020

We all want to be happy, content and to feel like we’re living our best life. And achieving those things doesn’t just come down to luck. As the famous saying goes, we are the masters of our own destiny. So, with New Year celebrations only just behind us, it feels appropriate to look at what we can do to get the most out of every day. Here’s a range of ideas that touch on different facets of everyday life that you can try as the year really gets underway.Practice Gratitude The concept of k...

February 11, 2020

A Financial to-do list for 2020

In our last blog of the year, we wanted to drag you away from Christmas party planning and present shopping just for a minute and cast your minds forward to 2020. We know it’s a crazy time of year and it’s around this time that we can feel a bit like we’re constantly chasing your tail. But we challenge you to take a minute and have a read of our 5-step financial to-do list for next year. You might even like to include some of these in your New Year’s Resolutions to help you get 2020 off ...

December 2, 2019

How to Protect yourself from Identity Theft

Identity theft is a growing problem in New Zealand and can have devastating effects on people’s lives. But what is identity theft and what can you do to avoid it happening to you? What is identity theft? Identity theft is the act of using information about someone else to pretend to be them. The thief uses your identity for their own gain, often with financial motives. The information that is taken in identity theft is information used by the government to identify who a person is. This includ...

November 12, 2019

Why bother with Health Insurance?

In New Zealand we are lucky to have an excellent health system. In the case of an accident, ACC can help cover the costs of our treatment and even compensate us for lost wages. If we fall ill, we can rely on the care of hospitals and other medical providers with the majority of the cost being covered by our government-funded healthcare system. As a result, many people decide to forego the expense of personal health insurance and put their faith in the public system. But despite this, there a...

October 7, 2019

A DEEP DIVE INTO AIA VITALITY

Insurer AIA (Sovereign) has recently released a new wellness programme that has got the team at NZ Advice Group excited. It’s called AIA Vitality and it’s the first programme of its kind in New Zealand. In today’s blog, we’re going to deep dive into the package by looking at how it works, what it costs and covering off frequently asked questions so you’re in the know. What is AIA Vitality? AIA Vitality is a wellness programme that supports and rewards you for making healthy lifestyle c...

August 27, 2019

What is the OCR and how does it affect us?

It is looking more and more likely that New Zealand will experience yet another cut to the OCR rate with the next drop coming in August and another one predicted again in November. But what does this mean For New Zealanders? How would the OCR cut affect you? In this month’s blogs we weight it up and go through a few OCR FAQs. What is the OCR? OCR stands for Official Cash Rate and it’s essentially the price we pay to borrow money. The rate is set by the Reserve Bank of New Zealand and determ...

July 31, 2019

Are you ready to rock your retirement?

For most of us, retirement is seen as the light at the end of the tunnel. A chance to do all those ‘what ifs’ and ‘maybes’ we talked about throughout our working lives. Wining and dining, holidays, getting the boat you’ve always wanted. But for many New Zealanders, the reality is very different. Without a solid retirement plan in place, the money often just isn’t there to make retirement dreams come true. In today’s blog, we break down the different options for investing money whil...

July 5, 2019

10 ways to protect your home

Claiming on insurance is a bit like an ambulance at the bottom of the cliff. It’s rarely something we want to have to use but we’re sure glad it’s there when we need it. An insurance claim usually means things have not gone your way and actually using that insurance that you’ve so diligently been paying for can be a bittersweet moment. Many people find they need to claim on home and contents insurance after a break in. It’s an emotional time where the home occupants often feel violate...

June 4, 2019

Analysis: Government turns its back on Capital Gains Tax

After months of speculation and uncertainty, the proposed Capital Gains Tax (CGT) has been axed. Many New Zealanders breathed a sigh of relief but for others, they were disappointed. In this month’s blog, we look at both sides of the equation to see how different Kiwis fare from this decision. What were the proposed changes? The Labour government had proposed introducing a CGT. On the table were the following proposals: Taxing any profit made on the sale of assets. The rate would be set at the...

May 6, 2019

How to buy a house at the right price

As we come into the colder months, house prices are dropping, the market is cooling and there are bargains to be had! It’s often wise to take advantage of buying at this time of year and we’ve put together some other hints below to make sure you get the best bang for your buck if you’re house hunting. Scope the Neighbourhood Make sure you know what houses in the neighbourhood you’re looking at are selling for. A good way to do this is to compare what the houses have sold for over the las...

April 4, 2019

So, you want to invest in a property?

Investing in property is often heralded as part of the Kiwi dream. Us Kiwis love our property investing! If you’re ready to take the plunge and look at investing in property here’s a few tips to get you started. Finance Before embarking on the search for the perfect property you first need to make sure you can finance it. Have a chat to a financial advisor and mortgage broker to see what’s possible and how you can leverage any existing assets to help with your purchase. A chat with our hom...

March 4, 2019

A Few Financial F’s for February

With a new year comes new financial commitments and the need to focus on how our money is going to work for us in the year ahead. At NZ Advice Group we have three talented financial planners who’ve contributed their Financial Fs for February to give you some ideas of what to think about in February to start your year off on the right track. Fees Fees are a fact of life when it comes to finances. But regularly reviewing your bank account options to make sure you’re not paying unnecessary fees...

February 5, 2019 Posts 1-25 of 74 | Page next