KiwiSaver with Advisenow
Let us help you grow your KiwiSaver faster with strategic insights and guidance!
Relationship first, advice second
KiwiSaver is more than just a retirement savings plan—it can also help you buy your first home. Many Kiwis are missing out on potential gains by not optimising their KiwiSaver. We can help you choose the best scheme for your needs, ensuring your KiwiSaver works harder for you. Whether you are saving for a mortgage-free home, a dream retirement, or want better returns, we provide expert advice to help you make the most of your KiwiSaver. Get in touch with us today to start maximising your savings with confidence!
Retirement Lifesaver
KiwiSaver supports a secure and comfortable retirement by offering a structured, work-based savings plan. With regular contributions, employer matches, and government incentives, your savings grow over time, building a substantial nest egg and giving you more options when you retire.
KiwiSaver Withdrawal for First Home Buyer
Suppose you have been a KiwiSaver member for at least three years and have never owned a home. In that case, you may be eligible to withdraw all the contributions you and your employer made, in addition to the investment returns, to assist in purchasing your first home. Furthermore, you may qualify for a Government HomeStart grant of up to $10,000, which can boost your deposit or settlement amount. Terms and conditions apply. For more detailed information, please visit the Kainga Ora website.
Government Contribution
The government can contribute up to $521.43 each year to your KiwiSaver scheme account. For every dollar you contribute, the government will match it with 50 cents, potentially giving you up to $521 extra in your KiwiSaver fund. This contribution is available if you are 18 or older but under the retirement age of 65.
Employee Contributions
In addition to your contributions, your employer typically adds a minimum of 3% (after tax) of your pay directly into KiwiSaver. This extra contribution helps grow your savings faster, providing a valuable boost to your retirement fund.
KiwiSaver Contributions
Depending on your income and goals, you can choose to contribute 3%, 4%, 6%, 8%, or 10% to your KiwiSaver fund.
Business Owners, Contractors or Unemployed
By making contributions of at least $20 weekly, you will meet the annual threshold of $1,040, thereby qualifying for the maximum government contribution of $521.43 per year. This contribution plays a pivotal role in optimising the benefits provided by KiwiSaver.
Advisenow
We are not just another mortgage, insurance, and investment company. What distinguishes us is our human-centred approach, unwavering commitment to innovation, transparency, and outstanding customer service. By harnessing cutting-edge technology, we streamline processes for speed and efficiency. Our team of expert financial advisers is devoted to guiding you through each step, ensuring you make the optimal choices for your unique needs.
Why Us
- Personalised Service: Our team is committed to understanding your unique needs and guiding you toward the right solutions.
- Simple and fast approval process: We believe in providing quick and hassle-free services to our clients.
- Innovation: We are at the forefront of technological advancements, making your experience smooth, efficient, and user-friendly.
- Transparency: We believe in clear communication and full disclosure, ensuring you have all the information you need to make confident decisions.
Get in Touch
Explore our website to learn more about our services and how we can assist you on your financial journey. Contact us on 0221022898 or at support@advisenow.co.nz for personalised assistance.
Need help reviewing your KiwiSaver?
Our KiwiSaver Process
We begin by understanding your ambitions, aspirations, and financial objectives. In addition to evaluating your current situation, we see this as the beginning of our partnership to improve your wealth.
We conduct a comprehensive evaluation of your current financial position and use financial tools to predict your future path. Together, we will create a strategic plan to grow your wealth and minimise risks while carefully considering how your future choices will affect your long-term financial security. You can trust that we will offer unwavering support every step of the way.
We will conduct yearly check-ins to determine if your circumstances have changed or if we need to change a few things. Our team will be available to assist you whenever necessary.
Want an answer to any of these questions?
- What is KiwiSaver and how does it work?
- How do I choose the right KiwiSaver scheme for me?
- What are the benefits of contributing to KiwiSaver?
- I use KiwiSaver to buy my first home?
- How can I maximize my KiwiSaver returns?
- Can I get government contributions as a business owner?
Contact Us
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FAQs
KiwiSaver
What is KiwiSaver, and how does it work?
KiwiSaver is a voluntary, long-term savings initiative in New Zealand designed to help people save for their retirement. It also offers the opportunity to withdraw funds for a first home purchase or in cases of significant financial hardship.
How do I join KiwiSaver, and who is eligible?
Joining KiwiSaver is voluntary and open to New Zealand citizens, residents, and eligible workers. You can join through your employer, a KiwiSaver provider, or the Inland Revenue Department (IRD). You can also speak with our Investment Adviser to provide advice on the right kiwisaver provider based on your risk profile.
What are the contribution options for KiwiSaver, and can I change them?
Contributions to KiwiSaver include employee contributions, employer contributions, and voluntary contributions. You can change your contribution rate, subject to certain conditions.
How does employer contribution to KiwiSaver work?
Employers are required to contribute a minimum percentage of an employee’s gross salary or wages to their KiwiSaver account usually 3%. The employee can contribute more if they choose.
Can I use KiwiSaver funds to buy my first home, and what are the eligibility criteria?
Yes, you can use KiwiSaver funds to purchase your first home. Eligibility criteria include being a KiwiSaver member for at least three years and meeting certain income and house price limits.
What happens to my KiwiSaver when I leave New Zealand?
KiwiSaver remains accessible even if you leave New Zealand. You can keep your KiwiSaver account and continue contributing or withdraw the funds if you meet specific criteria. However, if you decide to emigrate permanently, you are able to withdraw most of your funds, you will need to speak with our investment adviser or provider to provide more information.
What investment options are available within KiwiSaver, and how do I choose the right one for me?
KiwiSaver offers various investment options, including conservative, balanced, and growth funds. Choosing the right one depends on your risk tolerance, investment goals, and timeline.
Managed Funds
What is a managed fund, and how does it differ from individual investments?
A managed fund pools money from multiple investors to invest in a diversified portfolio of assets. It provides professional management, diversification, and is suitable for those who prefer hands-off investing.
How do I start investing in a managed fund?
To invest in a managed fund, you typically need to choose a fund, complete an application, and invest a minimum amount. This is often done through a managed fund provider. You can go directly to an investment provider, or our investment adviser can assist you with this.
What are the key factors to consider when selecting a managed fund?
Consider factors such as your investment goals, risk tolerance, fees, historical performance, and the fund’s investment strategy when selecting a managed fund.
What are the fees associated with managed funds, and how are they charged?
- Managed funds may charge fees such as management fees and performance fees. These fees are usually a percentage of your investment and can impact overall returns.
Can I redeem my investment in a managed fund at any time?
Managed funds generally offer liquidity, allowing investors to redeem their investment, but it may take a few days to process. Check the fund’s terms and conditions for specific details.
What is the historical performance of the managed funds I'm interested in?
Historical performance provides insights into how a fund has performed over time. Consider factors such as long-term returns, consistency, and how the fund has weathered market fluctuations.
General Investment
What are the tax implications of my investments?
Investment returns may be subject to various taxes. It’s advisable to consult with a tax professional to understand the specific tax implications of your investments.
How can I diversify my investment portfolio for better risk management?
Diversification involves spreading investments across different asset classes to reduce risk. This can be achieved through a mix of stocks, bonds, real estate, and other investment vehicles.
What are the risks associated with different types of investments in New Zealand?
Risks vary depending on the type of investment. Common risks include market volatility, economic changes, and specific risks related to asset classes. Understanding and managing these risks is crucial.
How do I set realistic financial goals for my investments?
Set SMART (Specific, Measurable, Achievable, Relevant, Time-bound) financial goals based on factors like your income, expenses, risk tolerance, and desired future outcomes.
What resources or platforms are available for monitoring and managing my investments?
Various online platforms and tools are available for monitoring and managing investments, including brokerage platforms, financial planning tools, and investment management apps.
Retirement Planning
Aside from KiwiSaver, what other retirement planning options are available in New Zealand?
Additional retirement planning options may include employer-sponsored plans, personal savings, and investments in other retirement-focused funds or accounts.
How much should I be saving for retirement, and what strategies can help me achieve my goals?
The amount needed for retirement varies based on individual circumstances. Our financial adviser can help determine the appropriate savings amount and develop strategies to achieve retirement goals.
