How To Get FREE Money From The Government

**This only works if you're in New Zealand. I just clickbaited 7.5 billion people.** --- We have a voluntary savings scheme in New Zealand called KiwiSaver. The way to get the money is quite simple. https://futurewise.anz.co.nz/benefitting-from-kiwisaver/government-contributions.aspx **You need to:** - Be over 18. - Live in New Zealand. - You need to be apart of KiwiSaver for at least a year - You need to contribute at least 3% of your earnings to KiwiSaver. **How does it work?** If you've contributed around $1,050 for the year, the government will you $0.50 for every dollar you put in up to $521. This is a free $521 from the government. A 50% return on your contribution. This all accumulates. You can then proceed to use this money as a deposit for a property or as retirement savings. Since this money is in the market as well, it will long-term increase. that $521 could be thousands. You can get this money each year as well, provided you meet the requirements. That's $1,570 in total. Being saved up. $520 of which is free from the government. --- Over the years, this contribution will add up. Let's do some calculations... If you start off at 19 (remember, you have to be apart of this for 1 year), with $1,000, if you retire at 65 you will have $300,546 (without inflation it's $553,618) if your KiwiSaver scheme risk is moderate. Remember, you can withdraw this money earlier if you want to use it as a deposit for a house. https://i.imgur.com/B34R7tu.png But wait, there's more! If you joined KiwiSaver before 2015, you could get a $1,000 initial fund free from the government. https://www.kiwisaver.govt.nz/new/benefits/kick-start/ -- you didn't have to be 18 to get this. Just a New Zealander. --- This scheme doesn't affect your national superannuation either. We don't have a means-tested scheme here. That means when you retire, not only do you have your own $300,546 in retirement savings, you can get the government retirement scheme as well. That's hundreds of $ a fortnight given to you, no strings attached. --- If you contribute the $1,020 (or 3%) until you're 65, assuming you start from 19, the government will give you around $520 for 46 years. That's $23,920. This goes into the market as well. That $23,920 will be significantly more by the time you retire. --- This is a good scheme we have. We live in a lucky country. EDIT: Oh shit, I forgot to add something. If you buy a house using your KiwiSaver, you can get even more money from the government. https://www.hnzc.co.nz/ways-we-can-help-you-to-own-a-home/kiwisaver-homestart-grant/ If you're apart of KiwiSaver for at least 3 years, you can get $3,000 to go towards buying an older home. If you're buying a new home, that amount doubles to $6,000. That is an extra $3,000 or $6,000 from the government, basically free.