Question: Can we use Moorr if we are based in New Zealand?
The Moorr platform has been built specifically for tracking the Australian household’s financial position. That said, if you were using the platform to track your financial position from New Zealand, the system should be able to cater for most of this, save for the tax position – however, you could enter your net income as “non-taxable” to get a more accurate reading of cashflows.
Would the superannuation calculation work in a New Zealand setting?
Superannuation vs Kiwisaver Superannuation
- There is an option for an amount to be deducted from your pay directly into your superannuation as a before-tax contribution (handled by your employer)
- There is an option for an amount to be voluntarily contributed to your superannuation from after-tax earnings.
You are able to enter both of these in the following way:
Under Superannuation in “Other Assets”, you can:
- Add a Salary Sacrifice contribution (this is an amount the employer directly deducts from your salary and deposits into your superannuation)
- Add a Personal Contribution (after-tax voluntary contribution)