Seeking Financial Guidance for an Upcoming Move to New Zealand

Hello everyone! I’m in my early 30s and currently residing in the UK. I’m planning to move back to New Zealand in the next year or two, and I’m reaching out for some financial advice. If anyone has insights or suggestions, I would greatly appreciate your input.

Overview of My Financial Situation

At present, I have approximately $30,000 tied up in term deposits that I’ve sent home from my income in the UK. Additionally, I own around $10,000 in shares through Sharesies. On the downside, I still carry a student loan debt of about $15,000, which I continue to incur annual interest on while living overseas. I also maintain a KiwiSaver fund, which is an exciting aspect of my financial portfolio.

Investment Considerations

As I plan my financial future, I’ve been contemplating withdrawing my term deposits to reallocate those funds. My primary interest lies in investing most of it in Exchange-Traded Funds (ETFs) via Sharesies, although I am mindful of the potential for higher fees associated with this platform. The goal is to enhance the growth of my savings during this transitional phase.

Short-Term Goals and Currency Concerns

It’s important to note that I am not planning to purchase property in the near future. Instead, my focus is on growing my savings efficiently before my relocation to New Zealand. Another factor on my mind is the impact of the exchange rate on my investments and savings, particularly as I juggle currencies between the UK and New Zealand.

How AI Legalese Decoder Can Assist

In navigating this financial landscape, especially with the complexities of international finances and investment options, AI Legalese Decoder can serve as an invaluable tool. This platform can break down legal jargon and financial terms to help clarify the various investment products, fee structures, and tax implications you might encounter. By providing plain-language explanations, it empowers you to make informed decisions that align with your financial goals.

Conclusion

Any advice or insights you could share would be much appreciated! I’m eager to hear from others who have faced similar situations or who may have expert knowledge in this area. Thank you for taking the time to read my post!

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