HOW DOES KIWISAVER WORK?
KiwiSaver is a voluntary savings initiative to help kiwis with long term savings for retirement or your first home. It’s designed to be hassle-free so it’s easy to maintain a regular savings pattern with a potential higher yield then standard saving schemes.
Your KiwiSaver savings are made up of contributions to your account that come from you, your employer and the government, plus or minus investment returns, minus any withdrawals, fees and taxes. Best kiwisaver schemes nz
IS KIWISAVER GOOD FOR ME?
KiwiSaver benefits anyone who is looking to secure their first home or have a retirement fund built up. It removes the stress of manual savings input and is a strong secure way to invest your income without you realizing it.
There are a range of membership benefits to encourage you to get saving. They include regular contributions from your employer and an annual Government contribution. Some people may also be eligible for help with the deposit on their first home.
KiwiSaver schemes are managed by private sector companies called KiwiSaver providers. You can choose which KiwiSaver provider to invest your money with.
KiwiSaver is not guaranteed by the Government. This means you make your investment choices in a KiwiSaver scheme at your own risk.
BEST KIWISAVER SCHEMES NZ Youtube Video on IMA Channel