Financial Services Industry & Wiremu and Marama Case Study - Accounting Assignment Help

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Case Study: Wiremu and Marama Wiremu (30) and Marama (31) are a de facto couple with hvo Children at priMary schoo, Marama works part-time as a dental nurse and earnS S20,000 per annum, Wiremu is and earns S85.000 per annum.. als0 benefits from his emplOyer's subsidised health insurance scheme, which provides coMPrehenSive "a. Insurance 'ye'. for all the family, Both make contributions tO a 'default' KiwiSaver Scheme, into which they were automatically enrolled when they start. their current jobs. Neither has any knowledge about financial markets and do not understand the benefits KiwiSaver offers as a vehicle for retirement Currently they runt a two-bedr.m hOuse. They have contents insurance which covers their personal possessions and public liability for any damage caused to the landlords proPerf, They own a car valu. at $25,000, for which they havetra, property damage car invaance. Them is S,11,00 outstanding on a Pt‘TsTma, than MdY 0,tto hOP ,nanceft car purchase. They have no other financial products except a transactional account with their bank. Currently they haw.. tauings. Woo, has ,ist ceceWed an unexpected SX,C0/3 inhotea Ho wants to put the money on_term onths. and then use it as Pad of the deposit for the couple's first home. They have two financial goals: 1. Purchase their first home in 12 months' time. 2. Save at least S10,000 over the next 12 months to put towards the house deposit. 
 

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