Will you have the income needed to live the lifestyle you desire in retirement?
Retirement affects us all and many people are unclear about how much money they need to sustain their desired lifestyle in retirement. In today’s world you could easily enjoy 20 or 30 years of active retirement and your choices are only limited by your health and savings.
We are here to help ensure you have enough money to live out all your dreams and adventures in retirement. With good planning, sensible investments and sound financial advice you can relax knowing you have everything in place to enjoy a secure and fulfilling retirement.
KiwiSaver – A Brief Introduction
KiwiSaver is a voluntary, government-supported retirement savings scheme in New Zealand.
It was introduced in 2007 to help New Zealanders save for retirement, although it can also be used to help buy a first home.
Key features of KiwiSaver:
- Contributions: Employees contribute a percentage of their gross salary at 3%, 4%, 6%, 8%, or 10% (increasing 1/4/26)
- Employers: may contribute at least 3% depending on employment contract (increasing 1/4/26)
- Government contributions: eligible members can receive up to $261 per year if they contribute at least $1,042 in the KiwiSaver year
- First home purchase: After three years, members may be eligible to use KiwiSaver savings to buy their first home
- Retirement access: Funds are generally accessible at age 65
- Hardship: hardship withdrawals may be applied for on medical or financial grounds
- KiwiSaver year: 1 July to 30 June
- Post 65 years: KiwiSaver may be retained as a money management tool after age 65
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- Under the age of eligibility for New Zealand Superannuation (currently 65),
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- A New Zealand citizen, or entitled to live in New Zealand indefinitely, and
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- Living or normally living in New Zealand.
KiwiSaver accounts are managed by private providers, and members can choose investment funds based on risk and return preferences.
Who can join KiwiSaver?
You can join KiwiSaver if you’re:
Enrolment in KiwiSaver will be automatic for all those starting a new job (with some exceptions), although employees automatically enrolled will have the chance to opt out (within a specified timeframe). Other people can choose to opt in to KiwiSaver but can’t then opt out.