Kiwi Saver

For KiwiSaver in a nutshell click here

KiwiSaver is probably one of the most topical and publicised events this year, with everyone from expert to ex-pat voicing their opinion on this Government initiative to get Kiwi’s saving. All the media hype and surrounding commentary has been somewhat confusing but one thing is for sure – KiwiSaver is here to stay!

On the surface the Government incentives look attractive; however incentives alone should not be your primary reason to join KiwiSaver. It is important to approach your retirement saving from an holistic perspective. While Government’s perks are a plus, they need to be weighed up with the performance and conditions of the funds available under the kiwiSaver scheme versus other superannuation products. If you have an existing superannuation scheme, in many cases a KiwiSaver policy could be a beneficial addition; allowing you the advantages of the government incentives while maintaining diversity and flexibility.

There are currently in excess of 30 registered KiwiSaver providers available, offering a range of savings plan options. How do you select the provider and plan that’s best for you? These are questions that your advisor can work with you to establish, making sure you get the most out of KiwiSaver.

To cut through any confusion and summarise KiwiSaver for you we have enclosed a useful fact sheet. Your advisor will discuss how KiwiSaver could work best for you as part of your regular review. In the meantime however, if you are starting new employment or would like immediate assistance; please email us on kiwisaver@redrisk.co.nz