Are you interested in passive income ideas that could help fund your retirement lifestyle. Heather Kentsley, of Southern Cross Partners, writes of five worth exploring further:

• Managed funds – A pool of money organised by fund managers on your behalf. It can offer uncomplicated diversification and includes your funds and the funds of other investors.
• Real Estate Investment Trust (REIT) – A company that owns, operates, or finances income-generating real estate. A REIT is a type of managed fund and is publicly listed.
• Dividend shares – A share that pays dividends to their shareholders. As a company makes a profit, a portion is fed back to investors as dividends.
• Rental income – The most popular passive income stream in New Zealand, rental income is funds that you, the landlord, receive from your tenants in exchange for the use of your real estate property.
• Peer to peer lending – A way of investing via a first mortgage loan, secured with property, managed by a non-bank institution.

Passive income streams are potentially less demanding than other income streams, yet they still require set up and monitoring to get the benefits.

Southern Cross Partners (SCP) offers first mortgage secured peer-to-peer investments that are short term with attractive interest rates.

With a track record of more than 27 years’ experience, SCP investments are secured by a tangible security – property. A transparent and steady investment option, delivering enhanced monthly returns.

• To learn more about SCP peer-to-peer investments, call 0800 00 58 73, visit southerncrosspartners.co.nz or visit us at 16 Selwyn Road, Howick.

Southern Cross Partners is licenced to provide peer-to-peer lending services under the Financial Markets Conduct Act 2013.

This article is general in nature only and has not taken into account any particular person’s objectives or circumstances.

We recommend you speak with a financial adviser before making any investment decisions.