That’s true. With KiwiSaver, if you’re employed, a lot of the hard work is done for you, and that’s one of its strengths.
Your contributions are deducted from your wages, automatically. So, once you’ve joined KiwiSaver, if it suits your circumstances, you can just forget about your contribution rate; but is this the right approach?
Well, we think it’s better to take a more hands on approach. And here’s why:
You may be in a default investment portfolio that isn’t quite right for you. Your KiwiSaver account may not have the right mix of assets to achieve what you want. Things change.
New providers come on the scene. Fees go up and, yes, even down. Some providers perform well, others not so well.
Your life changes, maybe you can afford to increase your contributions.
You can see why it’s better not to take a ‘she’ll be right’ approach. And we can help you get the most out of your kiwiSaver account.
We’ll help you understand your approach to risk and your timeframe in which you’d like to achieve your goals. Most importantly, we’ll help you prioritise what you want in retirement, and how much you can put away to save.
Then we’ll come back to you with a personalised KiwiSaver investment portfolio recommendation.
That recommendation will be influenced by the investment performance as rated by independent ratings agency, Morningstar.
It’s also important to review your retirement savings plan every now and then. So we’ll usually do that with a call or email.
Here’s what we can do:
Get your KiwiSaver account working for you by talking to our financial experts at AdviceFirst.
Whether you’re already enrolled with another provider, or you’re yet to sign up, right now there are some great reasons to join the AMP KiwiSaver Scheme. It’s simple for you to switch or join - you can do it online right now with just a few clicks.Find out more
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