Originally Posted by
Baa_Baa
Not it's not, it's $512 every year, on a deposit of $1024 every year, this is not complicated portfolio theory here, it's just simple maths.
Year 1 - deposit $1024, get $512 from the government = 50%
Year 2 - deposit $1024, get $512 from the government = 50%
Year 3 - deposit $1024, get $512 from the government = 50%
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Every year, get 50% return on your deposit. One day, withdraw 100% of your deposits and all of the governments' 50%'s, not counting gains or fees.
I wouldn't use Kiwisaver for anything else, except getting 50% each year return on my deposits.