c p f is the best scheme ever devised on earth
other countries are rushing in to cash on our world class savings scheme
1 Month | 3 Months | 1 Year | Since inception1 | |
---|---|---|---|---|
Cash Fund | 0.24% | 0.74% | 3.29% | 3.02% p.a. |
Conservative Fund | 0.77% | 2.23% | 4.05% | 3.66% p.a. |
Moderate Fund | 0.75% | 2.71% | 5.67% | 4.99% p.a. |
Balanced Fund | 0.76% | 3.26% | 7.90% | 6.91% p.a. |
Growth Fund | 0.65% | 3.74% | 10.47% | 9.17% p.a. |
c p f is the best scheme ever devised on earth
other countries are rushing in to cash on our world class savings scheme
Boss Leongsam, ask you, this Kiwisaver is it a forced savings? Also do the kiwis have the right to withdraw all if it and use before they are dead? Is there a minimum sum withheld by kiwi government? Also may I know if there is also minimum sum for medical?
I want to know the above so that I can consider more clearly to invest in NZ and eventually settle down there and be my partner's neighbour in Hamilton.
Leaving for honglimpark now.
See you there.
Cheers.
Yes NZ is transitioning from universal superannuation to Kiwisaver which is similar to CPF.
https://www.kiwisaver.govt.nz/
The advantage of Kiwisaver is that you can choose your risk portfolio. Here are the returns thus far :
1 Month 3 Months 1 Year Since inception1 Cash Fund 0.24% 0.74% 3.29% 3.02% p.a. Conservative Fund 0.77% 2.23% 4.05% 3.66% p.a. Moderate Fund 0.75% 2.71% 5.67% 4.99% p.a. Balanced Fund 0.76% 3.26% 7.90% 6.91% p.a. Growth Fund 0.65% 3.74% 10.47% 9.17% p.a.
<caption style="color: rgb(255, 255, 255); font-size: 12px; font-weight: bold; padding: 7px 10px; text-align: left; text-shadow: rgba(15, 25, 61, 0.74902) 1px 1px 1px; background: url( https://www.bnz.co.nz/static/www/images/0912-template-sprite-dark-blue.png?090414103814760=cb ) 0px -340px no-repeat rgb(28, 61, 132);">BNZ KiwiSaver Scheme fund performance to 30 April 2014</caption><tbody>
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Considering the fact that the NZD has averaged a risk free 5% return over the last few years, it shows how difficult it is to achieve anything more than a 2 to 3% above the cash rate over the long term while guaranteeing returns at the same time.
Leaving for honglimpark now.
See you there.
Cheers.
what time is honglimpark?
what are the composition of the funds?how come they have transparency and show the returns of the funds?how come they can give up to 10% returns?do they have a ho jinx managing the funds and throwing hundreds of millions here and there into emerging markets like machiam mahjong tiles?how many years since inception?
You must be freakin' blind.
This poster has appeared in just about every thread here over the last whole week.