Later In Life - July 2020 by Times Media

Later in Life your

RETIREMENT A Times Supplement

Apartments are now available. Call Rose for more details.

BRUCE MCLAREN RETIREMENT VILLAGE

rymanhealthcare.co.nz

1375 KC14882

795 Chapel Road, Howick, 09 535 0225

2 — A Times Supplement, July 2020

LIVING THE DREAM – RETIREMENT

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How to invest in property without being a landlord W

e all know that New Zealand investors have had a love affair with investing in property for many years. However some investors may start to question whether being a landlord in today’s increasing regulatory climate is the best investment strategy for them. The new Healthy Homes minimum standards became mandatory on 1 July 2019. So what does this mean for landlords? There will be financial pressure on residential landlords to make sure their houses are compliant with the set minimum requirements of heating, insulation, ventilation, moisture and drainage, and drought stopping. Will these new changes result in investors exiting the market? And if so, how will they be able to still use property as an investment tool without being a landlord? Property backed peer-topeer investing has risen in popularity since Southern Cross Partners gained its

license from the FMA in December 2016. There are property investors that still want to be involved in property but don’t want to have the hassles of bad tenants,

ongoing maintenance, paying management fees or the inevitable call about the plumbing at 2am in the morning. Many of our investors have had extensive investment

LIFE DOESN’T WAIT, NEITHER SHOULD YOUR INVESTMENTS.

portfolios but are now at a stage in their life where they are thinking more about travel and lifestyle rather than maintenance and tenants. Traditional ownership

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of an investment property can give access to possible capital gains but could also result in capital losses. Property backed peer-topeer investments, whilst not enjoying capital gains, can provide a regular monthly income which most investors tell us is important to them. Every investment has risks and peer-to-peer is no different so it’s important to understand the risks associated with any investment product. In short, peer-to-peer lending, supported by a first mortgage, offers you fee-free monthly payments without the hassle of maintenance or compliance – check out our website to see if this investment product is right for you. www. southerncrosspartners.co.nz Disclaimer: Southern Cross Partners is a licenced peerto-peer lender under the Financial Markets Conduct Act 2013. To learn more about the risks associated with this type of investment visit our website www. southerncrosspartners.co.nz

Returns from 5.49% p.a.* Sometimes it can be hard to balance the need to save for your future, as well as enjoying the adventures that pop up every day. Our unique investment model offers you the flexibility to do both. At Southern Cross Partners, we offer mortgage secured loans that allow investors to pick and choose their level of involvement. With current returns from 5.49% p.a.* paid out monthly, you’ll know you’re making the most of your savings and can make the most of life at the same time. Talk to us today about a new, flexible way to invest. Minimum investment $10,000.00.^

Phone 0800 00 58 32 www.southerncrosspartners.co.nz

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*Investment rate subject to change. ^Subject to availability. Southern Cross Partners Ltd is licensed to provide peer-to-peer lending services under the Financial Markets Conduct Act 2013. JH14759

LIVING THE DREAM – RETIREMENT

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A Times Supplement, July 2020 — 3

Let’s talk retirement income S

NZ Super

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.

Who can get NZ Super? To be eligible for NZ Super, you need to be aged 65 or over and be a legal resident of New Zealand. You can get NZ Super even if you’re still working. You also need to have lived here for 10 years since age 20, with five of those years since you turned 50. Work and Income has

(usually located within Work and Income) or visit seniors. msd.govt.nz.

Image supplied

Living off savings and investments

tatistically we’re living much longer these days. Seeing that we could be retired for 30 years, we’re going to need money coming in. From the age of 65 most New Zealand residents receive NZ Super every fortnight. Additional retirement income above that needs to come from savings, paid work or business activity, or even our home.

more information about NZ superannuation eligibility. It’s important to remember that NZ Super may be different in years to come in terms of who gets it and when.

Overseas pensions

If you get a pension from an overseas government, your NZ Super payments may be reduced by the amount you receive from overseas. For more information call Work and Income on 0800 552 002 and ask for the International Services office.

How much? The level of NZ Super payments is set by the government each year. The rates are reviewed and adjusted to take into account any increases in the cost of living (inflation) and average wages. The after-tax NZ

High Tea Fridays

Super rate for couples (who both qualify) is based on 66% of the ‘average ordinary time wage’ after tax. For single people, the after-tax NZ superannuation rate is around 40 per cent of that average wage. NZ Super is paid fortnightly.

Other help

You may qualify for extra help from the government, depending on your individual situation. This could include help with ongoing health and medical costs (Disability Allowance) and housing costs (Accommodation Supplement). You may also qualify for other assistance - for example, if you face an emergency situation, or if you need help with essential costs. For more information, call Senior Services on 0800 552 002, contact the local Senior Services centre

Many retired New Zealanders rely on income from savings in addition to their NZ Super. This means investing money 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.

KiwiSaver

KiwiSaver is a voluntary savings scheme designed to help New Zealanders save and invest for retirement. If you’re under the age of 65, the extra contributions the government and your employer make to your savings mean that you would need a really good reason to not join KiwiSaver. But now that it’s also open to those 65 plus, older New Zealanders are turning to these lowercost managed funds to invest and draw down their savings.

Working in retirement No one forces us to stop working when we turn 65. Many people may want to

continue working or to do so in a different way - such as with flexible hours, part-time or casual work, consultancy or mentoring. Income from paid work will not affect your entitlement to NZ Super. However, it may affect your eligibility for income-tested benefits. Call Senior Services on 0800 552 002.

Equity release

The most common type of equity release is selling the house and purchasing a cheaper one that is smaller or in a cheaper area. This can free up some money while still providing the benefits of owning a home. If you own a house or other property, and need to free up some money for long-term living expenses, pay for emergencies or a major expense, you can use a ‘reverse mortgage’.

Other ways ➤ Rent out part of your home ➤ Take in a boarder ➤ Subdivide your property ➤ Sell your home to family or whanau (while retaining the right to live in it) n Courtesy sorted.org.nz

Join us for High Tea every Friday in July Here at Summerset Heritage Park, we know that the last few months haven’t been easy, so to help the return to getting out and about, we’re putting on High Tea, every Friday for the whole month of July! Just pop along anytime between 10am and 3pm, on any Friday in July that suits you, and enjoy a range of delicious food and warm drinks on us. And whilst you’re here, why not also get a taste of the Summerset life that our residents love so much. Our stunning range of two-bedroom apartments are available now and selling fast, starting from just $650,000.* For more information, give our Sales Manager, Lisa Nelson a call on 09 950 7960, or email ellerslie.sales@summerset.co.nz. We’re looking forward to seeing you!

10am - 3pm, every Friday in July

Come along anytime between 10am and 3pm on any Friday that suits you during July. *Licence to occupy.

Summerset Heritage Park 8 Harrison Road, Ellerslie

SUM2238_TN

summerset.co.nz/ellerslie

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LIVING THE DREAM – RETIREMENT

4 — A Times Supplement, July 2020

Transport you can trust

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KIND CARE FOR THE ELDERLY Does your Mum or Dad need:

Reliable, friendly and local -

Medical Social & business Shopping Outings Airport transfers One off or regular Long trips and local

• A companion and carer you can trust? • Transport and company to the shops or appointments?

Total Mobility Provider

Left to right: Stephanie Clare, chief executive Age Concern New Zealand; Wayne Bradshaw, national president; Stephen Phillips, national vice president; Charles Tyrrell, new board member. Photos supplied

• Someone to sit and chat with ... or go for a walk with?

Age Concern sees in new look board

Platinum Care Services Ltd has the solution – call Judi Prins on 022 0708 861 or email judiprins6@gmail.com

Call Daniel Whaitiri now! 09 532 8388 or 021 929 911 howick@freedomdrivers.co.nz

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Have you made a will? If you have, is it up to date? Have you made enduring powers of attorney? If the answer to any of these questions is ‘no’, contact us at Galbraiths Galbraiths offer a full range of legal services to clients, including buying and selling properties, occupation right agreements, commercial and civil litigation court work, sale and purchase of businesses, franchising, family and employment law, wills and estate planning and advice regarding setting up and administering of family trusts.

Conveniently located with ample free client parking right outside the door.

Units 1-3 Fencible Chambers Cnr Fencible Dr & Moore St, Howick Village

Phone 535 4190 | www.galbraiths.co.nz JH16127

TRUSTS & AGING TRUSTEES wynyardwood.co.nz/aging-trustees

hartered accountant Wayne Bradshaw from Hastings is the new national president of Age Concern New Zealand (ACNZ). ACNZ successfully held its first virtual annual general meeting via Zoom on Wednesday July 8. Stephanie Clare, chief executive Age Concern New Zealand, said, “Due to Covid-19 we had to move the AGM from our normal April date and instead use an online platform. And what a success it was, we had over 50 members from up and down the country join us.” Stephanie says. “As part of the AGM we farewell our national president Emeritus Professor Peter Oettli who stood down after eight years on the board and four years as national president. We wish Peter all the best and thank him for the unwavering dedication and support that he has given Age Concern New Zealand. Wayne Bradshaw was elected as the new national president. Wayne is the current chair of Age Concern Havelock North and has been an ACNZ board member for the past four years. Wayne is a qualified chartered accountant and has been self-employed in various roles including the accommodation and hospitality sector, horticulture and commercial property. Wayne is very proud that Age Concern provides both a strong and proactive national voice as well as a community focus in their work to promote the wellbeing, rights and dignity for all older people. This was especially noticeable during Covid19 when the Age Concern family stepped up and provided much needed essential services to the older people across all New Zealand. To understand the new

environment we work in, consolidate existing partnerships, and build new relationships that ensure the Age Concern family is strong and united in achieving the best for older Kiwis, both nationally and in their local communities. Stephen Phillips was elected to the role of national vice president. Stephen was originally the CEO of Age Concern Canterbury and then moved on to the role of vice president of their board. He has also been a board member of Age Concern New Zealand for nearly four years. A key challenge he undertook was managing Age Concern Canterbury post the Canterbury earthquakes. Another career highlight was when he was seconded from the Christchurch City Council to the role interim manager of Canterbury Museum. Charles Tyrrell from Age Concern Nelson Tasman has been elected as a new board member. Charles joined the board for Age Concern Nelson Tasman in 2010. He has also previously served on the board of ACNZ as national vice president and as a board member and is delighted and privileged to serve once again. Charles is a former registered nurse (in UK) and a Anglican Priest, where he served as Dean of Nelson Cathedral until 2010 and oversaw the establishment of paid elder care workers in each of the 25 parishes in the top of the South Island. He hopes to contribute his skills as a compassionate carer and counsellor and to achieve strong relationships with members nationwide. Robert Aitken, Mike Cohen, and Jan White remain as current ACNZ board members.

What happens when a trustee loses capacity? Under the current Trust Act 1956, removing a trustee who has lost capacity is complex. It can end up being costly and time-consuming. The Trusts Act 2019, which comes into effect on the 1st February 2021, aims to simplify this process. If you have questions or concerns about your trust, contact our friendly team today. JU1669

LIVING THE DREAM – RETIREMENT

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A Times Supplement, July 2020 — 5

U3A: stimulating conversations and social networking By Farida Master

t’s changed my life, says Mike Groves about the University of the Third Age (U3A). “It’s been my lifeline, meeting interesting people and speakers at monthly meetings. The interest groups are a great way to keep our minds active,” says the former director of operations at the University of Auckland. Groves, the founding member and current president of U3A Ormiston, says that U3A is a movement for people in their third age. The first is childhood, the second age is about family and career, and the third age is retirement. The idea behind people from the age of 55 onwards coming together is not only to form social connections but have stimulating conversations and learning about fascinating subjects. It’s to keep those grey cells kicking, he says. “Besides, it has expanded my social network. So many old people are isolated and lonely and this is a

great way to meet new people and stay connected.” What makes U3A different from other organisations is the wide spectrum of interest groups. They range from architecture to astrophysics, armchair travel, famous and infamous, antiques and collectibles, books, walking, lunch group, NZ history group (the most popular one) and even a You can’t be Serious group. Study groups meet in various locations including member’s homes and each group has a convenor that arranges meetings and excursions. “We encourage our members to do research on topics they are interested in and share that knowledge with the rest of the group,” says Groves. Mike Lowe, former president of U3A Ormiston and also founding member, says that U3A is part of a worldwide organisation. It started in France in 1973. Now there are 4000 members in Auckland with more than 25 U3A groups. ➤ Continued on page 7

A HOME AWAY FROM HOME If only the best will do, you must come and visit Gulf Views. We pride ourselves in the optimum care of our residents.

> >

Purpose built providing 45 single rooms most with ensuite facilities Gulf Views offers a fun and varied activities programme which includes guest speakers, mini-bus outings and community involvement Handy to Howick Village and other amenities

Come and talk to us, and let us help you plan for your future

22 Selwyn Road, Howick | P 535 6050 | F 09 535 9900 E sue@gulfviews.co.nz

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Live your life your way, ...with a little help from us.

We’re your friendly community experts on all things related to disability, ageing and maintaining your independence.

BONUS 12 month roadside mobility cover & free delivery in Auckland metro with new mobility scooters.

Hire & Repair

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LIVING THE DREAM – RETIREMENT

6 — A Times Supplement, July 2020

www.times.co.nz ADVERTORIAL JH16142A

WIN! Grey Power – your committed seniors lobby group Book Giveaway G R

emember who you are - so what is your reality? written by Gail F Nicholls (ND, Dip.Clin.Hyp). This is an intriguing and honest account of Gail’s personal journey through life. We have three signed (draft edition) copies of this book to giveaway, go to times.co.nz/competitions to enter the draw. Entries close August 31, 2020. Winners notified by phone or email.

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Michael Newtons “Life Between Lives” Hypnotherapist / Counsellor / Private Tours Author / Guest Speaker / Meditation Group

Phone 09 535 4065 | 021 537 055

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rey Power is a voluntary organisation founded some 30 years ago by a group of superannuitants protesting a surcharge on New Zealand Superannuation. The Howick Pakuranga Grey Power Association was formed in the early 1990s as the movement spread around the country, leading to the formation of the Grey Power New Zealand Federation. There are now 72 associations throughout the country, with 60,000 members. The Howick Pakuranga Association has 1100 members. Grey Power’s major concerns today are the level of superannuation, the health system and its effect on the elderly, the escalating cost of electricity, the lack of affordable quality housing, and the welfare and care of those in rest homes. Grey Power Howick Pakuranga offers members a discount book for local purchases, quarterly meetings with guest speakers to which the public are also invited and a quarterly newsletter outlining items of interest and information. The Auckland Zone meets quarterly to discuss ways that may improve the wellbeing of senior Aucklanders. We have made several submissions to Auckland Council and Auckland Transport supporting lower rates and water rates, continued free parking in Howick, the continued use of the SuperGold card for off peak travel on trains, buses and ferries, better

accessibility for seniors into buildings, fire place controls and air pollution bylaws concerning the continued use of wood burners in private homes, rates rebates for retirement village residents who qualify financially, the future viability and use of community facilities and the local alcohol policy. We have also asked council to focus on developing Auckland as an agefriendly city, and to support a Positive Ageing Strategy. Grey Power AIMS & OBJECTIVES • To advance, support and protect the welfare and wellbeing of older people • To affirm and protect that statutory right of every New Zealand resident to a sufficient New Zealand superannuation entitlement • To strive for the provision of quality health care to all New Zealand residents regardless of income and location • To be non-aligned with any political party and to present a strong lobby to all Parliamentary and Statutory Bodies on matters affecting New Zealanders • To promote recognition of the wide-range services provided by senior citizens of New Zealand • To gain recognition as an appropriate voice for all older New Zealanders

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Call Driving Miss Daisy and Ride with a friend

Grey Power The Advocacy Voice for the Over 50s

JOIN US NOW!

We advocate for seniors’ needs

We also offer: • Access to cheaper power through Grey Power Electricity • Free $2,000 accidental death and dismemberment insurance cover C

• Discount book for members • Quarterly Association newsletter and Federation magazine • Annual Subscriptions – $20/single or $35/couple

For further details, phone Sandy Feringa (Secretary) 534 9409 or email sandyferinga@xtra.co.nz

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Driving Miss Daisy is a safe, friendly and reliable companion driving service. We will drive and accompany you anywhere you would like to go.

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• Let us take care of the trafﬁc and the parking while you relax and enjoy riding with a friend. • Wheelchair accessible vehicle available. Total Mobility Scheme provider and ACC registered vendor. Bookings are essential.

Or go to www.drivingmissdaisy.co.nz and enter your home address to ﬁnd your local daisy.

for Super Gold Card Holders on legal fees for sales & purchases of residential property

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09 535 2150 18 Uxbridge Rd, Howick, Auckland 2014 kellyflavell.co.nz

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To make a booking or to discuss your requirements call us today: 0800 948 432.

SPECIAL OFFER

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LIVING THE DREAM – RETIREMENT

A Times Supplement, July 2020 — 7

Staying in your own home is not as difficult as you may have thought with the guidance of Elderly Assist We can: • Talk to you about your current living situation, physical mobility and any concerns you may have. • Give independent advice. • Introduce you to services to enable you to maintain your independence and stay in your own home and community.

The U3A Ormiston group meets at Flat Bush Old School Hall on the fourth Thursday of the month.

The third age

insight into the personality type/ attitude/aptitude; and a document examiner who deals mainly with forgery/wills, malicious happenings at workplace, he said that a change in handwriting could also mean health warnings as well. Talking about the slant, size, construction, connection, margins and other traits, Maran shared examples of forgery cases he had conclusive evidence on. “Hand-writing comes straight from the brain. Though these days people don’t write so much,” he said, as he had everyone in the room literally hang on to every word.

0800 839 874

www.elderlyassist.co.nz

Choosing a real estate company just became easier Ray White Eastern Group are proud to confirm their ongoing 10% discount on our service fee to SuperGold Card holders. Talk to one of our local salespeople today. Botany Town Centre 273 2228 | Flat Bush 272 8023 | Pakuranga 576 4099 Half Moon Bay 535 8128 | Bucklands Beach 535 0858 | Howick 538 0688

Ray White Eastern Group Mountfort Estate Agents Ltd Licensed (REAA 2008)

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➤ Continued from page 5 With an annual subscription fee of just $25 to cover rentals and administrative costs, he says they are looking for new members from all ethnicities in the area. The group meets once a month on the fourth Thursday of each month at the Flat Bush Old School Hall from 10am-12noon. Interestingly, on Thursday, the guest speaker was Mike Maran, a certified graphologist and specialist document examiner, who spoke about unlocking the mystery of the human mind. Explaining the difference between graphology which gives an

Photo supplied

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Call us to arrange a time to discuss the support you require to Retire at Home

EASTCLIFFE ON ORAKEI RETIREMENT VILLAGE

Available now! One bedroom apartments enjoy stunning sea views from our community lounges

CONTACT US TO VIEW 217 Kupe Street, Orakei, Auckland. Ph: (09) 521 9015 E: receptioneastcliffe@eastcliffe.co.nz www.eastcliffe.co.nz All occupational licenses for units at the village are secured by a first ranking encumbrance over the village land in favour of the Statutory Supervisor. JU1626

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8 — A Times Supplement, July 2020

The Acacia Cove Lifestyle Acacia Cove is a country-style village situated on the beautiful Wattle Downs Peninsula. For those who appreciate the tranquility of an estuary setting Acacia Cove has it all, as well as its own restaurant, heated indoor pool, library, bowling green and gym. Whether you choose to live in a villa or one of our luxurious apartments, you’ll have the security of a 24 hour, fully monitored emergency call system built in. If you’re aged 60 or over, value your independence but want greater security, come and have a look at the superb properties we have to offer.

• Best Ageing Programme at the 2017 Ageing Asia Eldercare Awards • Finalist in the Facility of the Year Independent Seniors Living Category Wattle Farm Road, Wattle Downs, Auckland (09) 268 8522

(09) 268 8422

www.acaciacovevillage.co.nz bruce@acaciacove.co.nz A right to occupy dwelling at Acacia Cove Village is unsecured.

New Zealand New Zealand owned andowned operated. and op SC4124