Honoured to have been awarded the Consumer NZ People's Choice award (KiwiSaver), for the fourth year running... assume we can say we're doing something right by our amazing members 🥰

Yesterday the RBNZ lifted the OCR by 25 basis points - a smaller hike than many economists predicted this time round. They also signaled the end of this current hiking cycle - but some aren't buying it... watch this space 👀

Per latest Budget announcement, the govt will make a 3% KiwiSaver contribution to PPL recipients who continue to contribute. An acknowledgement of the unpaid nature of childcare during the 26 months of PPL, this will help incentivise new parents to keep saving for retirement 🧡

Just a timely reminder to check your KiwiSaver account & make sure you can get the maximum govt contributions for this KiwiSaver year (if eligible)... $1043 by 30th June is that magic number ✅

Anyone heading to the VOICE CX Summit in July? Two of Simplicity's co-founders will be sharing our CX journey (past, present and future) so far. Looking forward to it!

Got asked last week whether KiwiSaver for kids is worth it even if you can only afford $5 per week. Our thoughts? 100%. It could mean over $7k by the time they're 18, and that's being conservative. Do the math with Sorted's savings calculator: sorted.org.nz/tools/savings-…

Invest in education. How many years' study you have, and how well you're paid, are closely linked. Research in NZ showed that a university degree is worth around $1.3M extra in lifetime earnings. Some would say that makes the dreaded Student Loan worth it...

Savings tip: Add up all the money you’ve saved by giving up things you don’t need, and make a point of using this calculated amount to increase your family’s wealth: Pay your mortgage faster, or deposit it into wealth-generating savings, such as your KiwiSaver account.

Why you'll hear over and over again that past performance is not an indicator of future returns: "In the business world, the rearview mirror is always clearer than the windshield."

Thanks to the power of compound interest, if you invested $20 a week at 4.5% return, you'd have $47,363 after 25 years. It's about time in the market.

Yesterday's announcement shows NZ now technically in #recession, joining many other nations globally. But how does this come about? GDP fell by 0.1% in the first 3 months of 2023. last quarter it fell by 0.7%, and 2 consecutive quarters of negative economic growth = recession.

After several requests from members, we've compiled a list of commonly used investment terms along with simple explainers, which will hopefully help demystify some of the jargon around investing 🤓 Head to our blog to check it out: simplicity.kiwi/learn/updates/…

Do you know how much you're actually paying in KiwiSaver fees...? Over your working life, you could pay over $60,000 in fees alone (according to sorted.org's fund finder tool). Try comparing that to your household bills! You might just be surprised...

Something sparks inside you when you talk to passionate people. It doesn’t even matter if you share that passion but seeing it in their eyes as they talk, makes you feel it and want to be a part of it as well! Surround yourself with these people 💭

You need a bank... They (really) don't need your KiwiSaver account. Despite the proliferation of low-fee, innovative fund providers out there, why do you think there are so many who still remain with their bank's KiwiSaver option?

A couple of weeks ago, we reached a milestone of $5 billion of funds under management. That's super special to us, because it means a whole lot of people choosing a low-fee, ethical way to invest where they can make money AND do good. Taking a moment.

"Buy and hold", "buy and hold"... (*gets out the looping machine*) Has a nice chant-y ring to it, don't you think?! We like it 😎

Politicians just "don't get KiwiSaver", says Sam Stubbs in his interview this week with Good Returns - with both parties' policies disappointingly tinkering around the edges: vimeo.com/855207387

Couldn't agree more. They say that the most successful growth strategy can often be the most 'boring' one.

Where have those loud Crypto guys gone...