Nico Jones

So you might have your 50 cents going in from your transaction and you can have, say you've got multiple children, you could then split

split it up you know three kids okay 33% into each and you just provide the IID number it goes to the IID and then that goes into the KiwiSaver as long as those things are set up in the background obviously like an IID number and the KiwiSaver but again like think about that if this expands beyond

going to be pretty bloody powerful.

Some to you, some to your partner, some to your kids.

Yeah.

So do they go down that route?

I guess we'll wait and see.

But there are probably a number of other things that they will be thinking about doing and will probably be a lot more advanced than just the ideas that I am coming up with.

So there's the ability of splitting roundups between multiple children.

And I think the cool thing that I've seen happening

This is what I found fascinating, like grandparents are doing it.

So the grandparents have the app and the technology and they're rounding up their transactions

And saying, hey, put your grandkids IRD numbers in and you can contribute to their Kiwi Savers.

And no shit, like people are doing this and they're rounding it up to $5 increments and then splitting it between the kids.

A great way for the grandparents to be able to help out with the grandkids' wealth longer term in a pretty simple way.

So I was blown away by that use case.

I just thought that was really cool.

The next one is business owners who forget themselves.

So all the time, my business is my retirement vehicle and business owners invest in their business but stop or don't invest into anything outside of their business.

And there's, to be fair, like a really big case for what's the point of contributing to KiwiSaver if we're not getting any form of contribution.