Moneyworks Newsletters

2020 Newsletters

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 contact@moneyworks.co.nz, or at their email address.

1. The Coronavirus world since start of 2020

2. What happened to your investments?

3. So what happened to turn the markets around?

4. Where are we at now?

5. What about the economy and life from now?

6. Recommendations for the current environment 

April 2020 Newsletter

Tax Issues
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 contact@moneyworks.co.nz.

1. PIE Tax
2. FIF/FDR Tax Regime on Overseas Investments
3. Tax Adjustments/Package available for indviduals and businesses under the Covid-19 Crisis Environment

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.

1. Questions about your KiwiSaver or Insurance cover?

2. Wage Subsidy Scheme

3. Additional income for NZ Superannuitants and Beneficiaries

4. Six month mortgage holiday if your income has been disrupted

5. Business support package

6. Changes to the Resident With-holding Tax Rules on 1st April 2020

March 2020 Newsletter

This month we are focussing on investments, investment strategies and recent market fluctuations, with three articles.

1. Investment Markets - recent fluctuations

2. Warning to DIY investors investing in foreign investments

3. It is time IN the market, NOT timing the market - the value of Finology

February 2020

February 2020 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.

1. Dart Throwing Monkeys (or, why active investment management really does work)2. Airbnb Tax Crackdown3. Fast fashion and the impact on the environment

January 2020

January 2020 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.

1. Rental income – new ring-fencing rules2. Our new and updated website3. The Sky City Fire - who will pay the bill? (with thanks to Bridges Insurances)

2019 Newsletters

December 2019 Newsletter

This month we update you on our Christmas and holiday hours, but  also cover a new report that shows what our existing membership fee clients already know - that using an adviser can increase your investment returns by 5% pa or more. We are also banging on about why Enduring Powers of Attorney are so important - with supporting evidence!

Have a great festive season, and see you next year

.1How using an adviser can increase your investment return by 5% pa or more

2. Our holiday hours

3. Enduring Powers of Attorney and why you need to put them in place

November 2019

November 2019 Newsletter

As we have signalled to our Membership Fee clients in the last two years, there are major changes coming up for Family Trusts in New Zealand.  If you are involved with a Trust, you need to be aware of these changes, most particularly on the assumed knowledge of Trustees and the assumed rights and knowledge of beneficiaries.  Please read the updated article below if this applies to you.
1. New Trusts Act
2. Tax Refunds and How To Make Sure You Get Them
3. Online Relationship Breakup Tool
4. Sole Trader vs Company?  What should I do? (with thanks to Beany)

October 2019

October 2019 Newsletter
Three important articles this month on different topics.  Let your adviser know any questions.
1. Permanent or Temporary Loss of your Capital
2More changes for rental property owners and tenants
3. Permanent or Temporary Loss of your Capital

September 2019

September 2019 Newsletter
We welcome a new team member to Moneyworks this month – Sally Mellor, as well as helping our team and their families with their Wellness, her services are also available to our clients in the Waikato and Raglan regions at a subsidised rate through Moneyworks.
We also cover issues with New Zealand Super that you need to be aware of, and why you need to claim when something happens on your Fire & General Insurance – even if it wasn’t your fault.  And finally a good change to KiwiSaver to enable people with life-shortening illnesses or disabilities to access their KiwiSaver funds earlier.

1. Walking the Talk – Moneyworks new Wellness Coach and Mobile Fitness Trainer – Sally Mellor
2. Understanding New Zealand Superannuation and noting the pitfalls
3. It wasn’t my fault – why do I have to claim? (With thanks to Bridges Insurance)
4. Changes to KiwiSaver Act to enable people with life -shortening congenital condition to access KiwiSaver funds before age 65

August 2019

August 2019 Newsletter

We have covered some insurance expenses and extended warranty costs that probably aren’t worth you spending money on this month, and also shared some of the information that we study when making your investment recommendations.
1. Junk Insurances – available at your local bank and retailer
2. Should you buy those extended warranties?
3. Global Predictions for share of GDP = Asia the powerhouse

July 2019

June 2019

June 2019 Newsletter

This month we have a range of financial planning related topics – whether you should guarantee your children’s house purchase (or anything for that matter!), why you should have income protection insurance and a look at the regime of credit scores and what it means for people in China.

1. Should you ‘go guarantor’ to help your children buy into their first home – the Mum & Dad Bank.
2. Big Brother and China’s ‘dystopian credit scores’
3. Why bother having income protection insurance?

April 2019

April 2019 Newsletter

We are covering tax rates, house & contents insurance and more requirements for landlords this month. REMINDER: From 1st April 2019 you can contribute to KiwiSaver at 6% or 10% of your income as well as 3%, 4% or 8%.  Is this a good time to increase your payments?
1. It’s risky if your tax rates aren’t correct
2. More requirements for landlords
3. When getting insurance for your house contents becomes a problem.
4. Upcoming KiwiSaver changes

March 2019

March 2019 Newsletter
Technology is impacting all sectors of life & there are risks to people seeking new insurance cover when insurance companies can use your information.
In this newsletter we look at three topics relating to technology and insurers:
1. What might happen in the future with insurance cover and the use of artificial intelligence
2. Insurance and DNA Testing
3. Wearable Devices and Insurance

February 2019

February 2019 Newsletter
Our focus this month is on changes to New Zealand Taxation return filing,  renting out your property on Airbnb, then a quick look at a commentary from Carl Richards on ‘how to talk about money’.If you have any queries don’t hesitate to contact your adviser.
1. Changes to Tax Returns, automatic assessments from 01/04/2019
2. Thinking of renting out your property on Air Bnb or Book a Bach? – Issues to consider
3. How to talk about money (Carl Richards – The New York Times)

January 2019

January 2019 Newsletter
For the first time in years, we are seeing some changes to the structure of KiwiSaver, enhancing it for all members.  We have outlined these below – although they still have to be passed through Parliament (anticipated in February/March 2019).
1. Changes to KiwiSaver (proposed and actual)
2. Property Relationships Act – and changes in Society – a review by the Law Commission
3.  #Open Your World – Heineken – Worlds Apart

2018 Newsletters

December 2018

December 2018 Newsletter

After 9 years of markets generally going up, we have seen the much anticipated correction over recent months.  It can be difficult to deal with this emotionally as an investor, but our job as your adviser, is to remind you that this is normal, needed and things will eventually go up again.  We have given you the great ANZ graph below – that shows how markets do go up – even with the bumps along the way, as a reminder.
I have been writing this newsletter just about every month for 16 years now, and until now and apart from letting you know about the Charity Project – the Cambridge Garden Festival, I haven’t promoted any commercial product.  So, please indulge me by giving you information below on the latest offerings from the revamped website of Carole Hughes Artist – who has been closely involved with Moneyworks since our launch.  They will make great Christmas presents – for yourself or a friend.
Have a wonderful Festive Season and Safe travels over the holidays.
Regards  Carey (and Peter, Paul and Melanie)

1. End of Year Closedown and Christmas Hours
2. History Shows that investment markets rise over time
3. A Christmas Gift? For yourself or a friend?

November 2018

November 2018 Newsletter
There has been a lot of change in the world of life insurance companies during 2018.  The recent announcement of the sale of the AMP life insurance book to Resolution Capital and the spinning off of AMP’s wealth, KiwiSaver and advice businesses into an IPO in 2019 follows the sale of Sovereign to AIA and of OnePath Life to Cigna earlier in the year.

None of these sales will affect the terms and conditions of your insurance policies directly – as this is a contractual relationship with you.

However, last week Southern Cross Healthcare announced a significant change to their policies for all policyholders, which does impact on your terms and conditions.  The difference is that  ……..
We have summarised what is happening with each deal and situation below.
1. AMP – sale of insurance book to Resolution Life and splitting off of NZ Wealth business
2. Southern Cross Healthcare removal of benefits (and guaranteed policy wording benefits)
3. Sale of Sovereign to AIA and OnePath to Cigna

October 2018

October 2018 Newsletter
Be very careful and cautious about what you get in the mail please. Keeping your information and money safe is vital to your financial success.  Cyber Security is a huge risk these days, and the phishing and ransomware scams are very sophisticated now.
As our membership clients will know, we consider that reminding our clients of this issue and assisting them to stay safe is a key part of what we do as their financial planner. This newsletter highlights recent developments and issues that you need to be aware of.
Please read these and take action.
1Be very careful and cautious about what you get in the mail please
2. Recent news on various scams in New Zealand
3. Protect your online self
4. Keep calm and carry on

September 2018

September 2018 Newsletter
Like all financial solutions, the world of Fire and General insurance is continually changing.  This is not an area that we are specialists in at Moneyworks, but it is a key part of our clients financial planning.
This newsletter is dedicated to some of the recent changes to this kind of insurance that you need to be aware of, and is a reminder to know what your insurance covers, and how it works.
1. House, car, contents insurance – important changes and issues you need to know about
2. The shared driveway insurance catch you need to know about
3. Insurers refusing new insurance in certain locations
4. Cambridge Garden Festival

August 2018

July 2018

July 2018 Newsletter
This month, we are focussing on investing.  It can be hard to keep your nerve when the media is shouting bad news about investments and the economic outlook in their headlines.  But investing for the long term works.  Warren Buffett is the master of long term investing, and this video on the Indian Economic Times is from the 2018 AGM of Berkshire Hathaway, and really ilustrates the long term value of investing.

On that theme, a number of our clients invest for their children and grandchildren, for tertiary study, to assist them with their future, buying a house, or other reasons.  We have outlined how this works for your reference in the second article. Our third article is a light look at how much people would pay to be able to use Google (from the Economist.)

1. Berkshire Hathaway AGM: Warren Buffett shares investing insights
2. Opening an investment for your children or grandchildren
3. How much would you pay to keep using Google?

June 2018

June 2018 Newsletter
Over the last few months we have had far more than usual queries from our clients about whether they should invest in residential rental property.
This has come about as people see prices of properties soaring throughout the country, and as people own their own home, the thinking is ‘it can’t be that hard, you just buy a property and sit back as the prices go up and you make money’.
We totally understand this perception, so thought it was a good time to update you on the pitfalls of investing in rental property.
The rental property industry is continually changing and as a potential investor you need to be aware of all of these things.  Note – these comments are in no particular order!
1. The challenges of investing in residential rental property
2. Managing your rental property
3. Residential investment property and taxation issues

May 2018

May 2018 Newsletter
The revelations from the Australian Financial Services Royal Commission have shocked people.  The unethical behaviour (in spite of legislative requirements), the unabashed pursuit of profit at the expense of clients in the main four banks and AMP, and lying to the regulator.
Criminal charges might be laid in Australia, but with the current reforms to the New Zealand Financial Advisory legislation working its way through consultation,  the bias of the current drafts towards the Vertically Integrated Organisations of ASB, ANZ, AMP, BNZ and Westpac are being questioned.
Moneyworks have a transparent relationship with ANZ Wealth, with no quotas or restrictions, we deal with them because they have great products for our clients.  But the mortgage broking side of the banks is driven by quota’s, production requirements and the expectation the we will move  our clients mortgages to fulfil those production quota’s, irrespective of our legal requirement to ‘put the interests of our clients first’.  As a consequence, we have resigned from being a mortgage broker, but have established a relationship with a specialist mortgage broker to assist your cilents.  Read more below.
1. The Financial Services Royal Commission in Australia
2. What does the Australian Financial Services Royal Commission mean for New Zealand?
3. Quota’s, incentives, and Moneyworks withdrawal from offering mortgage advice

April 2018

April 2018 Newsletter
Travel insurance is vital, a reminder of this to start off the newsletter this month, then a quick look at the role of investment indexes in monitoring investment performance.  Finally a light look at some kids test answers – a bit of a laugh.
1. Travel Insurance is pretty important stuff
2. Global Investment Indexes outnumber Mongolians – what does this mean for monitoring your investments?
3. Are these the best kids test answers ever?

March 2018

March 2018 Newsletter
Retirement tends to be a common goal for our clients (although some people want to keep working until they drop dead).  But the key thing about having a goal of stopping work and living off your savings as compared to earning an income, is that you need to be healthy to achieve all those goals and dreams.
This newsletter is dedicated to that topic, balancing up future goals with enjoying the present, but making sure that you stay as healthy as possible to enjoy those three stages of retirement.
1. Your health and your financial planning
2. What might your retirement look like – the three stages of retirement
3. So… how long are YOU going to live for?

February 2018

February 2018 Newsletter
Anything can be big business now, the world has changed.  Our 7th trip to the Australian Tennis Open highlighted how much money there is in ‘superstar’ profile, professional sport and sponsorship.
Mastering social media and a profile appears to be the key (oh, as well as being able to play great tennis).
We have shared our experiences, thoughts and some funny videos relating to tennis below.
1. Taking a break from reality – the Australian Tennis Open
2. Tennis, Business and Money
3. Some entertaining tennis videos/ads

January 2018

January 2018 Newsletter
Happy New Year, hasn’t it been a tumultuous summer weather wise.
For the start of the year, we are looking at the role of money in your relationship.  It is such an important issue and is a major factor in friction and divorce within relationships.
We also give you a link to a quiz to work out your money personality, 5 tips for your finances for 2018 and a financial ‘To-Do’ list.
If you are ready (as a New Year Resolution) to take control of your future, and want to organise a free 45 minute Financial Strategy Session, click here.
For Carey and Peters clients – just to let you know that we are off to watch the Australian Open Tennis in Melbourne from Thursday 18th to Thursday 25th January, so will be out of the office.
1.The impact of money on your relationship
2. What is your money personality?
3. 5 tips on how to be better with money in 2018
4. A Financial To-Do List







 

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