Talk Money: June 27

  • 27/06/2016
(Paul Henry)
(Paul Henry)

If you've got some spare cash, now is the time to claim $521 of "free money" from the Government.

We're talking about the KiwiSaver Member Tax Credit.

To get it you need to be 18 or older and pay $1,042 into your account between July 1st and June 30th. The Government will match you fifty cents for each dollar you put in.

You might think now is not the time to be putting money into KiwiSaver.

But the Commission for Financial Capability says you should not panic about the sell-off on world markets.

It says KiwiSaver is a long-term investment, so try not to let short-term volatility put you off your long-term goals.