Articles by The Professional Trustee Team
Given the above facts, it's no wonder the typical Kiwi has concern over where they place their hard earned dollars and planning for their retirement. The Government has been anxious, too, about the past wild-west landscape which permitted (and some may even say encouraged) the fleecing of New Zealanders. The corresponding long-term consequences are horrific – Kiwis losing their homes and businesses and entering into retirement with very little saved. To right the wrongs and provide for the future, various pieces of legislation have been introduced along with the KiwiSaver scheme. Personally I like the idea of having funds available for my old age so I'm happy about KiwiSaver being introduced as a retirement tool. Other Kiwis must echo my thinking, as since its inception in 2007 this method of voluntary long-term savings for retirement has gained in popularity and now an estimated 2.64m people are enrolled in the superannuation scheme. But are your funds truly safe in KiwiSaver?
Does this mean all superannuation funds are safe? No. Depending upon the rules that govern the superannuation scheme and applicability of provisions of the Insolvency Act 2006, some superannuation funds may not be afforded the same protection as that which KiwiSaver now enjoys. Overall, whether a bankrupt's funds are safe or not, will depend upon what type of superannuation they have. Somehow that doesn't seem consistent and even fair to my mind.
It is my pleasure to write a testimonial with regards to the nomination of the professional trustee team at Gilligan Rowe and Associates, as a finalist for New Zealand Corporate Trustee of the year. They have acted as a professional trustee for my trust for many year now. I have been thoroughly impressed by their level of knowledge, professionalism, honesty and integrity in all my dealings with them. In addition, through their regular client seminars that I have attended, I have been very impress by the thoughtful critiques of cases and changes in the direction of trust law, and their possible impact on me. I can recommend them without hesitation. Sincerely - BV
If you're investing in residential property, seeking to maximise your ability to succeed and minimise risk, then this is a 'must read'.
Matthew Gilligan provides a fresh look at residential property investment from an experienced investor’s viewpoint. Written in easy to understand language and including many case studies, Matthew explains the ins and outs of successful property investment.