Quick Fire Of The Day:
"I understand that the $521 annual government contribution is worth it. But if that’s the maximum from the government for self-employed, how could they end up with $150,000 from their $100,000 of contributions?
Wouldn’t it take almost 100 years contributing to get that $50,000 from the government at $521 a year. And who’s going to work for that long? Or am I missing something here? Can you please explain?"
Source: NZ Herald 12 September 2020
For those wanting their question answered on the podcast email me at ryan@oneplan.co.nz, send a voice message below or capitalise on our free online tools and advice: