I am also happy, I have taken a hit over the last week from the share market action in the US but i expect all kiwisavers have. My fees are lower and I seem to be making money faster than my old kiwisaver account. The call from the CEO after joining was a nice touch as well.
Can anybody tell me what the red Taxes Owed... at the bottom of the My Money tab in Simplicity means? Does it mean that it will be automatically deducted or do I have to manually do this at the EOY tax returns?
Can anybody tell me what the red Taxes Owed... at the bottom of the My Money tab in Simplicity means? Does it mean that it will be automatically deducted or do I have to manually do this at the EOY tax returns?
Assuming you're talking about kiwisaver - I'm pretty sure it gets automatically deducted. Anyway, locked in superannuation returns, like kiwisaver, don't need to be included in your typical IR3 end of year returns.
Of course, this is not tax advice, consult a professional, etc
Low fees do not necessary mean the best returns. Quite a few providers who have high fees still achieve a better net return than Simplicity
What Simplicity also offers is
NZ owned and operated
Socially Responsible Investments
Donations to charity
tripp:
I am also happy, I have taken a hit over the last week from the share market action in the US but i expect all kiwisavers have. My fees are lower and I seem to be making money faster than my old kiwisaver account. The call from the CEO after joining was a nice touch as well.
The other good thing about Simplicity is that in the recent downturn Simplicity returned 0.9% for the month ending Nov when most of the providers who typically lead had negative returns
I use Simplicity for Kiwisaver and are also one of my two non Kiwisaver fund investment providers
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