We know that a large number of New Zealanders (around 70%) have had no proper advice when signing up, do not know who their provider is, or are not contributing enough or nothing at all. This means they are potentially missing out on thousands of dollars towards their first home deposits or hundreds of thousands towards their retirement. Many Kiwis don’t take the time to plan for their retirement and we think that it is important to start thinking about it earlier rather than closer to retirement age.
We believe a good retirement plan is essential, not just for the future, but as part of your life plan for now. Statistics tell us there is a good chance that you will live a lot longer than 65. Life expectancy in New Zealand is currently 88 years for women and 86 years for men*. This means there there are 20+ years you need to plan for and ensure your money works for you when you are no longer working.
At retirement age, a married couple who both qualify for NZ Super will receive $652 weekly, or around $34,000 per annum. Compared to what you might be capable of earning today, you will agree that this is not a lot of money to live on. You’ll need to think about your expected cost of living, plus any extras such as travel, upgrading the car or spending on the grandchildren.
Do you currently have an active KiwiSaver fund?
Whether you are looking to set up a new fund, withdraw funds for a first home deposit, or you are ready to look at retirement options, we can advise you of your best options. The right KiwiSaver plan and provider could net you a lot more savings over time.
First Home Buyers
A KiwiSaver first home grant may be just the key to open the door to your first home. If eligible, you may be able to withdraw most of your existing savings to put towards your deposit.
Set yourself up for a dream retirement with a well thought out KiwiSaver retirement plan from our advisors. Regardless of your age, it’s never too early to start planning for life beyond the years you are earning.