KiwiSaver Advice from the Experts
KiwiSaver was established in 2007 as a voluntary savings scheme to help prepare Kiwi’s for retirement. For many people, KiwiSaver will make up most of the income they require to live comfortably when it comes time to retire.
As well as setting you up for retirement, it can be used for your first home. Almost all first-home buyers we work with are getting into their first home through the help of KiwiSaver, so it’s safe to say it’s an important and extremely beneficial investment.
If you have had KiwiSaver invested for 5+ years, now’s the time to review. Our 5 minute KiwiSaver Quiz and free report will help you understand where your KiwiSaver is at, and if your current investments align with your future financial goals.
Do you know?
- uHow Your KiwiSaver Fund is Performing?
- uIf You'll Have Enough Money For Retirement?
- uHow to Use Your KiwiSaver to Buy Your First Home?
If you’re not sure or would like personalised advice take our free KiwiSaver quiz today. It’s a short 10 questions, takes less than 5 minutes, and could change your financial future. Like this scenario:
Person 1
Earning $80,000 per annum with 30 years until retirement, contributing 3% in a growth fund earning 8.1%.
Estimated balance at 65 = $934,019
Person 2
Earning $80,000 per annum with 30 years until retirement, contributing 3% in a growth fund earning 12.5%.
Estimated balance at 65 = $2,523,247
That is a difference of $1,589,228 just by being in a higher performing fund.
This difference highlights exactly why being proactive and getting professional advice around your KiwiSaver is so important. Nobody wants to lose out on hundreds of thousands, to millions of dollars and we don’t want to see people missing out either.
With so many different KiwiSaver providers and funds out there it can be very confusing. Things such as your current situation, age and stage, goals and even personal beliefs should come into consideration when choosing the best fund and provider, so getting the right advice is key to maximising your potential earnings.
With compounding interest, the difference in returns between funds can make a monumental difference over a long period of time which is why it’s so important to get it right, and review it regularly.
Why You Should Contribute to Your KiwiSaver
Contributing to KiwiSaver also gives you access to different government funds and incentives through Kainga Ora, helping you get in to your first home. Our informative articles will help you understand how to use KiwiSaver for your first home and the grants available.
We help you choose where your KiwiSaver goes, and help you withdraw it when it comes to buying your first home, or managing it when it comes to retirement.
Our free quiz will help our advisers see if you are getting the most out of your KiwiSaver, and make recommendations for you.
Our KiwiSaver Experts Help You Get The Most Out of Your Fund By
Here’s How it Works
Frequently Asked Questions
Is the KiwiSaver report really free?
Yes. If you decide to take our advice and/or use our services we will be remunerated by the KiwiSaver fund. If this is not the case and a fee may be involved, this will be fully disclosed to you. You can choose not to use our service. For more information, please read our disclosure statement.
How often should I review my KiwiSaver fund?
We recommend reviewing your KiwiSaver fund when your life circumstances significantly change, such as a new job, approaching retirement, or changes in financial goals. Checking in annually can also be helpful in reviewing fund performance.
What impact do fees have on my KiwiSaver balance?
High fees can erode your returns over time. We compare the fee structure of your fund with others to ensure you’re not paying more than necessary.
Can I switch KiwiSaver providers, and how do I do it?
Yes, you can switch KiwiSaver providers at any time. We can assist with choosing a new fund, and switching across.
How does the government contribution work?
The government contributes up to $521.43 annually if you contribute at least $1,042.86 each year. This contribution is also known as the Member Tax Credit (MTC).
What happens to my KiwiSaver if I move overseas?
If you permanently move to another country (excluding Australia), you can apply to withdraw your KiwiSaver funds after one year. If moving to Australia, your KiwiSaver can be transferred to an Australian superannuation fund.
What are the different types of KiwiSaver funds?
KiwiSaver funds typically fall into these categories:
- Conservative Funds: Low risk, lower returns, suitable for those close to retirement.
- Balanced Funds: Moderate risk, moderate returns.
- Growth Funds: Higher risk, higher returns, suitable for long-term investors.
- Aggressive Funds: Highest risk, potential for highest returns, best for young investors with a long investment horizon.
