A lot of people make the mistake and think that because they are self-employed that they don’t have a lot of options when growing their wealth. True you might have a lot of assets tied up in your business, but you can make the most of investments as well!
KiwiSaver Member Tax Credit
For each dollar you contribute to your KiwiSaver fund, you may be matched with a co-contribution from the Government of $0.50, up to a maximum of $521 per year*.
Do you have enough insurance?
If anything happened, could you cover the costs of repaying the mortgage, paying bills and meeting medical or funeral expenses? This is especially important if you are self-employed. A range of personal and business insurances are available but you should ensure that your insurance covers your personal situation and risks.
The right advice can make a real difference
Your financial adviser can help you not only navigate the road to financial success, but they can also help you in your small business strategies, as most likely they are a small business owner themselves. Click here to find a financial adviser in your area.
* If you have not been a KiwiSaver member for the entire year, the Government co-contribution will be pro-rated. You must reside in New Zealand, be over 18 and not able to access your KiwiSaver funds.