Bu
01
Financial News in NZ
New Zealand Financial
Interest rates have dropped … at last and mortgage rates offered ae now as low as 4.99%
The main banks are offering 4.99% fixed rates and also offer a cash back amount some around $5,000 which is a great offer when you are buying a house!
02
Average Salary and benefit/pension increases today 1st April
The average salary in NZ is now $81,900 that’s equivalent to approximately 36,000 gbp.
The minimum wage is now $23.50 it is better but a long way off what s required as a living wage which is currently stated as $27.80!!
03
Pensions for Kiwis
Pension increases were implemented today at 3%
For single people they would receive $1038.94 per fortnight and for married couples they will receive $799.18 per fortnight.
Also the pension age in NZ is currently still 65!
And if you research online there is a suggestion that to be comfortable you need to have in savings $300-500,000 on top of your kiwisaver and superan…. I wish!!
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