Home' Northern Outlook : April 13th 2013 Contents 6 NORTHERN OUTLOOK, APRIL 13, 2013
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Hate the Bookwork?
We are not Accountants but we can help keep your accountant happy by ensuring that the paperwork he gets
at the end of the year is all correct.
Specializing in MYOB and XERO
• Cash flow Management • Invoicing • Credit control • Job Costing • Bank reconciliations • GST etc
Letting us deal with the paperwork means you have more time to do what you do best --- your job!
Is your end of year paper work up to date?
Call Greg Coleman
at First Class Accounts Waimakariri
on 03 313 1940 or
We provide a full range of Accounting Services including:
ど Business Accounting
ど Farm Accounting
ど Business Start-up Advice
ど Income Ta x Returns
ど Goods & Service Tax Returns
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For a Professional & Personal Ser vice, Contact Alun or Kathy
267 High Street, Rangiora
Telephone 03 313 8103 • w w w.kollerhassall.co.nz
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Welcome to Vanilla
We're anything but plain
(03) 313 1088
204 Northbrook Road, Rangiora
or email firstname.lastname@example.org
for an appointment
We invite you to accept the challenge. ..
to be the best you can be in life and in business. . .
and leave the accounting to us.
Living well as you grow older
By JEFF LILLY
Doing the maths: You have worked hard during your life and paid your taxes, so what are you
entitled to when you pull the plug?
It ain't easy, is it? You leave work because you
are older, you have lost the salary and the
perks, but the bills keep right on coming in
and your health isn't what it used to be.
The following may help a little.
Government help -- including New Zealand
Superannuation -- is available, and other
choices that you make can help you to
manage your money in retirement.
Going into retirement doesn't mean you
stop earning income. From the age of 65 most
New Zealand residents receive NZ Super every
fortnight. Income can also come from savings,
paid work or business activity.
New Zealand Superannuation (NZ Super) is
a pension paid by the government to most
New Zealand residents from age 65.
Any eligible New Zealander receives NZ
Super regardless of how much they earn
through paid work, savings and investments,
what other assets they own, or how much
taxes they have paid. Does that make you feel
Depending on your personal situation, you
might qualify for extra help from the
government. This could include help with
ongoing health and medical costs (Disability
Allowance) and housing costs
You may also qualify for other assistance --
for example, if you face an emergency
situation, or if you need help with essential
For more information, call Senior Services
on 0800 552 002, contact your local Senior
Services centre (usually located within Work
and Income) or visit seniors.msd.govt.nz.
Many retired New Zealanders rely on
income from savings in addition to their NZ
Super. This means investing money you have
saved so that it generates income through
interest or dividend payments.
You may also plan to spend some or all of
the money you have saved to help fund your
retirement years. The best thing is to talk to
your accountant, who is qualified to give you
the best advice.
Generally speaking, the higher the return
expected from an investment the higher the
This is not just the risk that you may lose
some or all of your money but also the risk
that the return you actually receive can vary
from year to year. The amount of risk you can
afford depends on how much you rely on the
income from your savings to pay for your basic
living expenses and what you're comfortable
with. Talk to your accountant.
If you're using the income from your savings
for food, rates or insurance or to replace your
washing machine, you're probably highly
dependent on it. So you can't afford to face
ups and downs (''volatility'') with this money.
You need to be more certain that you will get
the annual income you need. Again -- talk to
On the other hand, you may be retired for
20 years or more, so you may want to protect
part of your money against inflation by
investing in things like shares and property.
Think about liquidity -- how easily you can
withdraw or ''cash-up'' your investments -- this
is also important to consider. Again...talk to
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