Would an extra $521.43 float your boat?
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Would an extra $521.43 float your boat?

You have until 25 June 2015 to claim up to an extra $521.43 for your KiwiSaver scheme account. 
For all of our clients that are not currently contributing to their KiwiSaver plans with regular contributions or member / employer contributions, you can claim your Member Tax Credit (MTC).

You will receive 50c for every dollar you contribute so to receive the full amount of $521.43, you will need to contribute at least $1,042.86 into your KiwiSaver plan by 25 June 2015.

If you are over 65, you will not be eligible for the Government Tax Credit, the exception being if you joined KiwiSaver prior to age 65, then the Government Tax Credits are payable for five years to a maximum age of 70.

For example, if you joined KiwiSaver at age 64, your KiwiSaver is locked in a minimum of five years till you are aged 69.  Therefore, the Government will continue to make the annual tax credit of $521 per year to your KiwiSaver plan until age 69, provided you have contributed $1,042.86 for that year.

For further details or any queries you might have in this regard, please do not hesitate to Contact Us to discuss payment options.

Are you a non-resident requiring health cover?

If you are  a non-resident who is working in New Zealand, you are probably not covered by the public health system if you get sick. However, we can offer you a solution.

Key Benefits

  • General Surgery up to $150,000
  • Non-Surgical cancer treatment covered up to $25,000 per course of treatment, up to $65,000 per person per policy year
  • Private hospital admission covered up to $65,000 per person per policy year
  • Parental support
  • Treatment outside New Zealand covered up to $25,000 per person per policy year
  • Major diagnostic procedures up to $3,500
  • Dependent premium rates up to the age of 25
And for an additional premium, we can add cover for specialist consultations and diagnostic testing up to $4,000 per person per policy year. 

If you wish to discuss your options, please do not hesitate to Contact Us.

Financial Market Update

For the latest update on Global, NZ and Australian Shares, Interest Rates and a Summary of Market Movements, click here.

Word Puzzle

Click the icon to the left to print out our latest Newsletter Puzzle and email us with your answer to be in to win one of two Scratchie tickets.  Good luck!!


Is there a topic you would really like to read or learn about in our next issue?  Email us with your comments.

Mark O'Donnell
Authorised Financial Adviser


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Copyright © 2015 Canterbury Financial Services (2005) Ltd trading as Canterbury Financial Services, All rights reserved.
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