KiwiSaver

With the arrival of KiwiSaver, New Zealanders now have the opportunity to take those first steps towards ensuring they live the sort of life they want to in retirement.

What is KiwiSaver?

KiwiSaver is a voluntary savings initiative to help you with your long-term saving for retirement or to assist you purchasing a first home. KiwiSaver Schemes are managed by private sector companies called KiwiSaver providers. You can choose which KiwiSaver provider you invest your money with, and while you can switch between providers you can only be a member of one scheme at a time.

Who can join?

You don't have to be employed to join KiwiSaver, but you do have to be:

• A New Zealand citizen, or entitled to live in New Zealand indefinitely
• Living or normally living in New Zealand

Find out more about KiwiSaver on the Inland Revenue KiwiSaver website.

Why join KiwiSaver? What are the advantages?

KiwiSaver is a hassle-free way to regularly invest, and several great benefits make KiwiSaver a ‘must-have’ component of any wealth creation plan. The key benefits are:

• Annual government contribution of up to $521 per year, subject to member contributions
• Regular contributions from your employer
• You can withdraw your funds to put toward the purchase of a first home, subject to conditions
• If you’re employed, your contributions come out of your pay before you see them, making investing easy
• If you change jobs or leave work, KiwiSaver stays with you
• Many people are also eligible for additional funding toward the deposit on their first home

What now?

For a complimentary and no obligation consultation with a financial adviser about topics such as how your current KiwiSaver Scheme investment compares, investing in more flexible investments than KiwiSaver, and/or how you can best prepare for retirement, call Craig on 0274 992 495