General information only: The information on this website is general in nature and is not intended to be personalised financial advice. You should consult a professional financial adviser before making any financial decisions or taking any action based on the information on this website.
"It is not how much you earn, its is how much you keep".
As a professional rugby player you have the opportunity to earn a reasonable level of income early in your working life, so its is a reality that you may experience a significant reduction in your income when you retire - 'NZRPA By the Players for the Game'.
From the NZRPA Retired Players Survey 60% of players took 6 months or longer to 'gain control' post retirement and 46% pf players had been unemployed at some stage since retiring.
Rugby Players Superannuation Fund
ASB and NZ Rugby have put together an initiative to support players in transition to post-rugby life.
For every $5,000 p.a. that you contribute the NZR will make a contribution 2.5 times ($12,500) and 3.0 times ($15,000) if you have been employed for greater than 5 years.
The Hurricanes Alumni have calculated that if you had been in the ASB Growth Fund and contributed $5,000 p.a. over the last 10 years your $50,000 contribution would now be worth approximately $270,000.
*based on a growth rate of 7.95% p.a. that the fund has returned over the previous 10 years
N.B. THE CONTRIBUTIONS FROM NZR HAVE BEEN TEMPORARILY SUSPENDED DUE TO COVID 19.
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