âI'm No Heroâ - New Zealand Police Association

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November 2002By Ricky CollinsNew Zealand Police Association NewsletterPOLICE HOME LOANS - NOW EVEN BETTER !A new contract to supply Police HomeLoans was signed with National Bankin early October this year. This isgood news for members, as we wereable to negotiate to retain theincreased discount on the floatingrates. Standard floating rate andrevolving credit mortgages willcontinue to be discounted by 0.35%from the National Bank’s advisedrates. What this means to an average$100,000 mortgage holder at today’sstandard floating rate, is a saving of$22 per pay.There is no application fee and oneaccount free of bank fees. Membersshould note that National Bank aremore than willing to negotiate andwill do their best to meet any writtenquote from a recognised bankinginstitute.Since January 2000, moreand more members havebeen taking advantage ofthe benefits of PoliceHome Loans with theportfolio growing from 732mortgage holders to 1229in September this year, a40% increase.Find out more about howPolice Home Loans canhelp you by calling alending specialist on0800 800 808, orvisiting our websitewww.policeassn.org.nz -Use the handy Home Loancalculator to work outhow much you would savetoday!Keen on WineNew contract with the National Bank, means evenbetter savings for Police Home Loan Mortgage holders.From Left to Right: Police Welfare Fund Board memberRichard Middleton signs the new agreement; with DanMurphy from the National Bank; Greg O’Connor, PoliceWelfare Fund Chairperson; and Logan Alderson, PoliceWelfare Fund Board member (not pictured).NZ Wine industry has a lot to offer tourismMuch has been made in the news over the last few years of New Zealand’s growing tourism industry.As a country we have a lot to offer the overseas tourist, and our quick recovery from the fallout ofSeptember 11 has proven that. While our exchange rate, our eco-friendly image and our safety record are majordrawcards, there are also other attractions making us a smart choice as a destination. Wine tourism in New Zealandis now a growing attraction to the wealth of wine collectors around the globe.New Zealand still can’t satisfy overseas wine buyersNew Zealand is one of the few wine countries in the world that can still sell all the wine it produces. While the worldis heading for a major wine glut, there are still more buyers wanting to take our wine than we can satisfy. There is agrowing awareness of New Zealand’s premium, boutique wine producers and a growing international appreciation ofour flagship wines. Names such as Te Mata, Neudorf, Ata Rangi and Dry River are now mentioned with interestaround the globe.For the wine buffs of the world there is nothing more pleasurable than opening a bottle of rare, high quality wine forfellow wine lovers. Many of our premium wines are extremely hard to access, often only available via mail order liststhat are not open to the public. This adds to the attraction of a New Zealand wine tour. It can be a bit like a winelover’s version of big game hunting; the chance of snaring that often admired, but extremely rare MartinboroughPinot Noir or Waiheke Island Cabernet.Cellar door facilities of international classA significant effort has been made by many New Zealand producers to provide cellar door facilities of internationalclass. Producers such as Sileni Estates in Hawkes Bay and Gibbston Valley in Central Otago have made the cellar doora point of difference for their business. The quality of tasting rooms, often with restaurant and sometimesaccommodation facilities at many New Zealand wineries have added significantly to our wine tourism potential.Why leave all these great facilities to the overseas tourists to enjoy?A New Zealand holiday in one of our wine regions is well worth a thought. The Association has holiday homesscattered throughout our wine regions, and what you’ll save on accommodation, you can put towards that specialrare New Zealand wine you might find that you can pull out to show off at a later stage.Wine of the MonthHardys Nottage Hill Chardonnay 2001 $12 RRPWhile not a NZ wine nor exactly in the class of what has been discussed above, this is a very tasty little Chardonnay.At the recent International Wine Challenge in London, this Australian wine won a gold medal and was voted “BestValue Wine in the World”. This is no mean feat, as it headed off nearly 1200 other Chardonnays in the best valueclass. There are lovely clean forward fruit flavours of melon and peach, supported by moderate oak influence andbalanced acidity. Well worth a try, and readily available.158
New Zealand Police Association NewsletterNovember 2002The importance of estate planningEstate planning is fast becomingone of the most important areas offinancial management.Many people think estate planningdoesn’t apply to them - the word‘estate’ often carries connotationsof vast acres of land, sprawlingmansions, and millions of dollarsin the bank. While this definitionmay apply to some, for themajority, estate planning will beon a smaller scale and may be assimple as having a valid and upto-dateWill.Estate planning is a logicalextension to the financial planningprocess. Estate planningdetermines how your assets areused to support you and yourfamily now, and how they will bepassed on after death. Having putyour financial plan into place toensure your family’s futurefinancial security, it doesn’t makesense to leave that security opento the interpretations of taxationlaws or having your estatedisbursed in a way that youwouldn’t have wanted. Forexample, with the introduction ofthe Property Relationships Actthere is the potential for yourwealth to be affected by second orthird marriages and/or de factorelationships, particularly whenthere are children from both presentand previous relationships. Thefamily structures that developrequire careful consideration of theownership of family assets and theconditions of a Will.Everyone can benefit from estateplanning, regardless of familystatus or current wealth. No matterwhat your personal circumstances,estate planning aims to place yourfinancial affairs on the strongestpossible foundation to ensuremaximum effectiveness in thetransfer of wealth to yourbeneficiaries.More complex estate planning caninvolve setting up an ownershipstructure for your assets, examiningthe taxation position of familymembers, and developing asuccession plan for ownership offamily businesses. A formalisedasset protection plan will helpexamine your current position andidentify key risks to which yourmajor assets are currently, or couldpotentially, be exposed. It will alsocover tax issues and available legaland financial tools that deal withthese risks.If you are thinking about the bestway to secure your assets both nowand in the future, or feel that yourcurrent plan no longer reflects yourcircumstances, you may benefitfrom talking to a financial adviser.An adviser can help determine theestate and asset protection yourequire. They may also entrust manyof the more complex legal areassuch as trusts and enduring powersof attorney to a lawyer to ensureyou have full protection in theseareas.For further information, pleasecontact Police Financial Planning0800 ON BEAT, 0800 662 328Are you on Email?If you would like to keep intouch by email,please tell us your emailaddress via:membership@policeassn.org.nzCopper’s Crossword By Constable CunningAcross1. Rip contour apart and avoidthis in the NZ Police (10)8. Nothing (3)9. Indebtedness (9)10. Some murders may be ofthis tendency (10)12. Said many a time to yourchildren perhaps? (4,3,6)14. Curious tie continuallygoing around (10)17. Degree leaving this yachtable to be steered (9)18. One mixed up over longperiod of time (3)19. Funnily red afterunneighbourly meeting (10)Down1. All one hundred beckon (4)2. Judges ones should beadhered to (5)3. Aptly follows numbers thatcan’t be added up (13)4. Famous Libyanbattleground (7)5. Chemicals mixed withoxygen? (8)6. Inducting or combining tomeet someone (11)7. Breaking up wordsperhaps? (11)11. Unable to change or casedismissed (8)13. Most junior (7)15. Tip upside down (5)16. Depend on (4)1 2 3 4 56 78 9111012 1314 1517 181916Across1. Smash and grab8. Often9. Newsmen10. Mugged11. Idea13. No ones idea of15. Yank17. Scrips19. Retrial20. Argue21. Bodily fluidsDown1. Scotland Yard2. Attempt3. Handguns4. Nonsensically5. Gown6. Armed7. Unlawfulness12. Admit All16. No Two18. Mini159
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âI'm No Heroâ - New Zealand Police Association