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They grow up so fast! There are a few things you can do to provide for their future finances: Education Fund
Help to reduce or avoid a student debt by regular saving into a fund which will grow to provide for their future education needs;KiwiSaver
It’s never too early to start saving and it’s a great way to teach children the value and benefits of saving for future goals. Upon enrolment your child will receive the government kickstart of $1,000. Your child will have to contribute to KiwiSaver once they begin paid employment. However, once they have been in KiwiSaver for over a year, they are entitled to take a contributions holiday if they wish to do so. You can help to build up your child’s KiwiSaver account by making your own voluntary contributions at any time. Talk to us about whether KiwiSaver is suitable for your child.
KiwiSaver is a great way to save money for your child’s future. The funds will be locked in until age 65 however some amounts can be accessed earlier in certain circumstances, such as buying a first home.
