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Boost Your Future: Smart KiwiSaver Tips

  1. Start Early: Benefit from compound interest.
  2. Employer Contributions: Contribute the minimum percentage to get the full employer match.
  3. Government Contributions: Contribute $1,042.86 yearly to get the maximum $521.43 government contribution.
  4. Choose the Right Fund: Match your risk tolerance and investment timeline.
  5. Regularly Review Your Fund: Regularly check your KiwiSaver account to ensure your fund aligns with your goals.
  6. Increase Contributions: Increase your contribution rate to boost savings faster.
  7. Seek Professional Advice: Consult a financial advisor to personalise your KiwiSaver strategy.
  8. Stay Informed: Stay updated on KiwiSaver changes to maximise savings.
  9. Diversify Investments: Spread risk and potentially increase returns.
  10. Plan for Withdrawals: Know withdrawal conditions for homes or retirement to plan savings.

Secure Your Future: KiwiSaver Providers for Kiwis

Are you concerned about relying solely on New Zealand’s pension for retirement? KiwiSaver offers a proactive solution to build your financial future.

KiwiSaver is a voluntary savings plan designed to help you prepare for retirement or purchase your first home. You can join at any time before turning 65. Choose a scheme that aligns with your goals and select a contribution rate that suits your financial situation. Contributions can be deducted from your salary or made voluntarily, and they are invested to grow your savings over time.

Typically, your KiwiSaver savings are locked in until you’re 65 and eligible for NZ Super. However, if you joined KiwiSaver after age 60, your funds are generally locked for five years. In certain circumstances, early withdrawal of part or all of your savings may be possible.

Key Changes from Budget 2025

The New Zealand Government has announced several changes to KiwiSaver, effective from 1 July 2025:

  • Government Contribution Reduced: The annual government contribution will halve from $521.43 to $260.72. To receive the full amount, members must still contribute at least $1,042.86 annually.

  • Income Threshold for Contributions: Individuals earning over $180,000 annually will no longer be eligible for the government contribution.

  • Increased Default Contribution Rates: Default employee and employer contribution rates will rise to 3.5% from 1 April 2026 and to 4% from 1 April 2028. Employees can apply for a temporary exemption to remain at the current 3% rate.

  • Inclusion of Younger Savers: From 1 July 2025, 16- and 17-year-olds contributing to KiwiSaver will be eligible for both employer and government contributions.

Our Role in Your KiwiSaver Journey

At Mortgage & Insurance New Zealand Limited, we understand the importance of making informed decisions about your financial future. While we don’t provide KiwiSaver advice directly, we collaborate with trusted professionals who do. Whether you’re saving for your first home or planning for retirement, we’re here to connect you with the right experts.

Take the Next Step

Don’t leave your financial future to chance. Take control now by enrolling in KiwiSaver. Book your free consultation today, and we’ll refer you to a qualified KiwiSaver advisor who can provide personalised advice tailored to your needs.

Note: This information is provided for general informational purposes only and does not constitute financial advice.