Christchurch Insurance Centre, Superannuation, Retirement Planning, New Zealand

These are:

• Kiwisaver – Minimum contribution has now reduced to 2%!
• Redundancy Cover – Do you need this for peace of mind?
• Life Office Tax Changes – How it may increase your premiums. What you can do to combat it.
• Non Disclosure on Application Forms – How we can ensure more certainty at claim time.

KiwiSaver

From the 1 ^st of April 2009 the minimum contribution rate fell from 4% to 2%. For many people this means that they can maximise the benefits Kiwisaver offers and accelerate their long-term savings without impacting too much on their disposable income. Remember that Kiwisaver offers benefits for all - salaried / self employed / not employed and children. If you are not sure about what Kiwisaver looks like for you please phone or email the office and we can arrange for one of our consultants to meet with you to go through all your options.

Redundancy Cover 

Unfortunately we have had more enquires about redundancy cover over the last six months than we have had over the last six years. This valuable cover can provide an ongoing income to cover such things as mortgage repayments whilst you look for new employment. Should you be keen to find out what is available in the marketplace by way of redundancy cover please phone or email the office and we can arrange for one of our consultants to meet with you.

Life Office Tax Changes

In a previous newsletter we advised of forthcoming changes to the rules taxing the Insurance business. These changes will likely mean increased life insurance premiums. The good news is that original date of change has been pushed out from 1 ^st April 2009 and is now likely to be some time in 2010. In the meantime it would be prudent for us to review the level and payment structure of your life cover. We are helping a lot of our clients lock-in their premiums so their premiums are guaranteed not to be affected by any increased premiums in the future. If you want to benefit from the guarantee of no increases in your Life Cover premium please phone or email the office and we can arrange for one of our consultants to meet with you.

Non Disclosure 

You may have seen Fair Go recently and the article regarding the settlement of an insurance claim which was initially reduced due to non-disclosure of material information on the application form. It is very important that if you have any insurance cover in place that the application form was completed fully at date of application. This will ensure that there is less chance of a nasty surprise at claim time. Should you have any concerns about non-disclosure on any of the life, trauma, total and permanent disability protection, income protection, mortgage protection or health cover you have in place please let us know and we will be happy to work with you to review the initial application.

If you wish to discuss any of the topics covered or want to review your investments or insurances please contact the office on 03 3773693 or e-mail admin@supernz.co.nz and we will arrange for one of our consultants to meet with you.

Best Regards,

Ian Greig

Sales Manager