April 2021 Newsletter
It is the new financial year, and along with changes to tax treatments of investment properties, it brings a subtle change in branding for Moneyworks. You will notice that our logo at the top of this page has been changed subtly.
We have added the word - ethically to the end of our catchphrase. We are all enjoying our exploration and learning around ethical investments and we are making great progress in training Millie to to the data analysis on your investments to be able to show you what ethical 'nasties' you are invested in, so that we can start a process of avoiding them where possible. We will keep you updated on our progress, please feel free to ask us, we are hoping to have all of our systems and research at a position where we can introduce this analysis and options at your annual review meeting in 2022.This month, the newsletter is picking up on some interesting articles and bits of information that we have seen recently - the headlines are in the links below for you to explore.
March 2021 Newsletter
Buy Now - Pay Later - it sounds simple - you get your items now and then pay in the future. But while it is the 'retail phenomenon of 2020' there is no regulation around it. Newsrooms investigation of the process has shown many things to be wary of, we have profiled this below.
A subtle change to PIE tax rules was delivered behind the scenes, which benefits investors. If you get your PIE tax rate wrong and overpay your PIE tax, you will get a tax refund going forward.
Additionally, we are at the end of the financial year and there are some important tax issues that you need to be aware of. See the link below.
And we have given an update on a couple more interesting podcasts that you might be interested in.
February 2021 Newsletter
Property investment is the flavour of the month in the media in New Zealand. Discussion about prices continuing to increase, the un-affordability of property unless you are already in the market, and what can be (and will or won't be done) about the affordability issue.
In the meantime, with interest rates for term deposits at less than 1.00% and mortgage loan rates at 2.29% for 12 months, more people are looking at investing in 'get rich quick' property syndication schemes and rental property.
More parents are (understandably) looking at purchasing a property so that their children will have a property live in, until they can buy the property off their parents, or be gifted some of the property ownership in an advance or post death inheritance.
Combined with these issues are the changes to legislation, regulations and rules around landlords and tenants rights on February 11th 2021. We provide an overview of these in this newsletter, along with a commentary on those 'syndicated property Trust' investments advertising 'too good to be true' interest rates.
Finally, we get a lot of our information from podcasts, and it is a great way to absorb news and other information while you are driving, exercising or gardening. So we are kicking off a 'every now and then' article on some podcasts that we have enjoyed listening to - you might want to check these two out. If you have a podcast that you are creating, or a podcast that you think other would enjoy, let us know by hitting reply to this newsletter and we will check it out
January 2021 Newsletter
Happy New Year, roll on 2021 - with vaccines and maybe slowly opening borders!
This month we are looking at how New Zealanders view ethical investing, and I have penned an account of our experience of purchasing a property at auction at the 'peak??' of the market, for a family member. Finally we cover the issues associated with romance scams - and it isn't just the old people that get scammed!
December 2020 Monthly Newsletter
It has been a long and transformational year, two elections (NZ and USA), and of course Covid, very little sport results and hardly any overseas travel. But those aren't the only things that have changed in the world and we have copied information from a recent Fortune newsletter that we received that we thought would interest you 'three big changes in the post pandemic world.We also look at how advisers can help you to avoid panic selling at the bottom of a market fall, which is what lots of KiwiSaver members did in March, losing more than $80 milion.Another warning about scams from the Financial Markets Authority and our Christmas and holiday hours.1. Moneyworks Christmas and Holiday Hours
November 2020 Newsletter
More information this month on ethical investing, including a ground breaking 'impact investment' made by Generate for their KiwiSaver clients.Also a brief discussion about New Zealand Superannuation, in the context of the new 'Purpose of the New Zealand Retirement Income System' statement, for your information.
October 2020 Newsletter
Our focus this month is on how long you are going to live for (with a nifty life expectancy calculator), and a few thoughts on what you might want to do to have a long and satisfying retirement. There is also a small video with ideas on how to save more and some data on what happened to the criminal market for stolen credit card information when Covid hit.
September 2020 Newsletter
This month two major pieces of research were released in New Zealand:
1. Financial Services Council looking at Money & You, and the levels of New Zealand Financial Literacy and the role of Financial Advice and
2.CFFC (Commission for FInancial Capability - used to be the Retirement Commissioner) Financial Capability Barometer for 2018 -2019.
The key findings that are likely to affect you are that most New Zealanders don't have enough saved for retirement, but that those New Zealanders who work with a financial adviser are better off, get better investment returns and are more comfortable about their financial situation and future. We have profiled these two bits of research below.
We have also told you a little bit about a fund-raising ride that Sally is doing in November to raise funds for Pedal4Prostate - we would appreciate it if you were able to assist her with some sponsorship - even if it is only $10.00 - it is tax deductible.
And finally - if you can find around 8 minutes, take some time watch the mesmerising feather balancing act - watch it all the way to the end!
August 2020 Monthly Newsletter
Having investments that don't 'do bad' is important to Moneyworks and to many of our clients.Ethical investing is a relatively new concept and is still in it's early days. Moneyworks have committed to educating ourselves through the UN PRI Academy and to understanding the approach to Ethical Investing of our recommended fund managers.We have set ourselves a goal of having completed our education and a thorough analysis by the end of 2021 - and we are aiming to share our findings with our clients during 2022. We will communicate more with you as we learn more in future newsletters, but this newsletter provides some background for you.
1. Ethical Investing - Moneyworks approach
July 2020 Monthly Newsletter
This month we are talking about insurance - what do you have to do with insurance if you are building or renovating, with a checklist to download on our website to make sure you get it right!We are also sharing some information on our experience with helping clients with their life, trauma and income protection insurance claims over the last 2 years - it is a great story.Over the last 20 years many insurance companies have changed their names, it is difficult to keep track of it - we have summarise these changes (and the ones already this year) below for you.
June 2020 Monthly Newsletter
This month, we are all about KiwiSaver. There have been some recent changes in KiwiSaver legislation, not the least of which means that if you are aged between 18 & 65 you will receive a Retirement Balance Projection on your KiwiSaver statement this year.We have covered this information in this newsletter, in particular, outlining what assumptions those projections are based on - it is important to understand how these assumptions will impact on the information in your statement.We have also provided some information from Chapman Tripp on changes to New Zealand legislation that will allow 'lost' Australian Superannuation to eventually be brought back to New Zealand KiwiSaver investments, and a comment on people changing the risk profile of their KiwiSaver around the bottom of the markets with the recent Coronavirus Crisis.
May 2020 Monthly Newsletter
This is a newsletter that was sent out on Monday May 11th 2020, to Moneyworks Financial Planning and Investment Clients that we work with on an ongoing basis. It has quite a lot of interesting information, so we thought we would share it with you this month.It has been a long time since the start of 2020.
Now that we can see the light at the end of the tunnel with our Level 2 lockdown being available from Thursday 14th May, we thought that this was a good time to review where we have been, where we are now and what might be happening ahead, particularly as it relates to your investments.
We feel that with all the uncertainty and turmoil we have seen both in New Zealand and around the world in recent times, we should also be thankful that New Zealand (to date) has acted quickly and responsibly and we have avoided the worst of what we have seen in other parts of the world. We have a real opportunity to come out of lockdown quickly and get out of our bubbles and back to work.
At Moneyworks, we intend to support local businesses and markets hit hard by the Covid-19 virus, like travel. We can all do this by buying locally and holidaying in New Zealand as much as we can.
Although the reasons for the recent chaos in financial markets is quite different from what we have seen in the past, the volatility is not, we have been here before on many occasions and each time have come out the other side.
If you would like to discuss your investments, what is happening with them, whether we should be making any changes, contact your adviser as usual on firstname.lastname@example.org, or at their email address.
April 2020 Monthly Newsletter
Even with the world turned upside down with Covid-19, the 31st March end of tax year still applies. In this newsletter, we have outlined the things that you should be thinking about in terms of your tax.
Covid-19 and your insurance premiums
If your financial situation has been impacted from Covid-19 and lockdown, and you are struggling with paying your insurance premiums, each insurer that we deal with has an option for you to put your insurance premiums on hold. Please note however, that for some insurers, they have decided that while your premium is on hold, you will have no insurance cover. The rules are different for each company.
If you would like more information on putting your insurance premiums on hold for a month or two – please email us at
Covid-19 Special Newsletter - what about your KiwiSaver and Insurance and what can you get from the Government package?
We are proud of our Government and the people of New Zealand for the actions that we are taking to prevent deaths from Covid-19 in New Zealand. It is going to be an interesting 4 weeks (or more), lots of new experiences within our homes with our family.
Many people have found themselves with financial stressors as their work has ended - particularly if their work is involved in people facing work and they are unable to work from home.
This newsletter is to highlight in one place the resources available to you and your family and friends - to make sure that you are able to take advantage of the Government assistance.
We have also put in some notes where relevant about the things to consider with your financial planning.
March 2020 Monthly Newsletter
This month we are focussing on investments, investment strategies and recent market fluctuations, with three articles.
February 2020 Monthly Newsletter
Dart Throwing monkeys? This is based on a random theory that dart throwing monkeys can actually do better than active managers, but the research doesn't stack up. Read more below.
IRD is cracking down on Airbnb tax payers this year (using technology) . We are also looking at how 'fast fashion' is not great for the environment.
January 2020 Monthly Newsletter
Happy New Year, the start of the new decade, hopefully it is a great one for you.
This month a few relevant items that we thought you should know about, they won't all apply to you, but might be relevant for someone that you know.