Your six-question guide to KiwiSaver success
KiwiSaver can seem daunting to get your head around, but experts say people only have to answer six questions to make a success of it.
KiwiSaver is a modestly tax-advantaged, subsidised superannuation savings scheme.
People who save into it have their money invested in a mix of company shares on stockmarkets around the world, interest-bearing bonds, cash, and property.
They drip-feed money into KiwiSaver from their salaries through good times and bad, and if they make good choices, they should end up with a comfortable retirement.
At least, that’s the theory.
Question one: Are you in to win?
The first, and most important, question is whether you are in KiwiSaver, or give it the cold shoulder.
Someone who is not in will amass a KiwiSaver nest egg of precisely zero dollars, meaning…