3 easy steps

Joining a KiwiSaver scheme is as easy as 123

If you have more time, we suggest you:

  • Calculate how much you need to save for your retirement.
  • Do the online Investor Profiler
  • Examine the Investment Fund(s) for your KiwiSaver scheme
  • Select your Prescribed Investor Rate (PIR)
  • If employed select 3%, 4% or 8% contribution and Calculate. Check how much is taken from your pay?
  • If not employed or self-employed Calculate a regular or lump sum to contribute. Adjust to meet your budget - what you can afford.

Replacing older savings plans

There are many good reasons to replace older and sometimes more expensive plans. As well as significant savings, many like the security and proven performance of the KiwiSaver scheme with its government, (and employer), contributions.

We strongly recommend that you do not cancel your old investments until you have received and are happy with your KiwiSaver scheme. Remember also that your KiwiSaver funds are locked-in until retirement age.

You might also consider keeping your older investments. Why? your current investments may not be locked-in and are therefore available whenever needed as a deposit or for emergencies. Your current investment may also have penalty costs for early cancellation, or could be invested in better performing funds.

Make regular Reviews:

We recommend that you review your investment annually or whenever a major change in circumstances occurs. Examples may be:
  • Buying a first home
  • The birth of a child
  • Starting a new job - if making employee contributions - tell your new employer.
  • Buying or starting a business
  • Marriage or divorce
  • Nearing retirement
  • Emigration, or major illness

Your review could include re-entering your information into the online profiler and checking fund performance. If you need assistance or advice or your Authorised Financial Adviser - contact us.