KiwiSaver

You need to be certain that your KiwiSaver investment is working for you. Simply putting in your monthly contribution and hoping that it will be enough for your retirement is not enough. Become an active investor and talk to an adviser today.

KiwiSaver can be a great benefit to your life in New Zealand if it is properly managed. It can be a tool to provide a comfortable retirement or help towards your first home. It all depends on how you manage your KiwiSaver investment in the long-term.

There are two key ways KiwiSaver can assist with your first home deposit;

  1. Withdrawal
  2. HomeStart Grant

Since you can only apply for a withdrawal or grant once you have made an offer on a property or land for a new build, we strongly recommend you consult our experts for advice on seeking pre-approval.

The current age of retirement in New Zealand is 65 years. This means you are not entitled to NZ superannuation until you reach this milestone, and the amount can vary from around $285 to $390 per week per person. Even if you have paid off your home in full, and have no debt, living from day to day on this amount could be challenging.

Compiling a sound risk profile is a very useful way to find the optimum level of investment for you.

When making the big decision to invest your money, KiwiSaver schemes offer a variety of fund types to suit your particular needs. Choosing the type you want to buy into should be based on key factors such as; the risk and return associated with the fund, the service level and the fees charged.

How much you need to contribute to your KiwiSaver account depends on a few factors.

Commonly referred to as PIR your Prescribed Investor Rate is the tax rate you elect when investing into certain types of managed funds. These managed funds are known as portfolio investment entity (PIE) or PIE’s and the income generated from these funds is known as PIE Income. This tax should not be confused with Resident Withholding Tax.

KiwiSaver can be a great benefit to your life in New Zealand if it is properly managed. It can be a tool to provide a comfortable retirement or help towards your first home. It all depends on how you manage your KiwiSaver investment in the long-term.

At Lifetime, we fully understand the ins and outs of KiwiSaver and can assess your lifestyle and guide you towards the best possible funds for your situation. By optimsing the funds you are invested in and the contributions you make, we may be able to significantly increase your overall balance, giving you the security you need for your retirement.

The younger you are the less likely it is that you will be able to rely on New Zealand superannuation for your retirement. This only increases the importance of your KiwiSaver investment. We can help you make the most of your contributions to ensure your money is being invested into the right funds. As you get older, we will continue to monitor your funds, helping you to adjust where your money goes and ensure the funds investment objectives are aligned with your own.

If you have KiwiSaver you will benefit from talking to one of our experts. Simply relying on the scheme you may have been automatically enrolled in is not enough if you are truly interested in making your KiwiSaver investment work for you. We can help by talking to you about the different funds and guiding you towards the best direction to help your financial future.