Navigating KiwiSaver Podcast

Did you know there are five contribution rates when it comes to your KiwiSaver — 3%, 4%, 6%, 8% or 10? Along with your personal contributions, your employer contributes to your KiwiSaver as well as the Government. Episode 3 of our Navigating KiwiSaver series is out now! This week Stuart explains to Jess the importance of contribution rates and why a yearly review could be beneficial. This podcast has been prepared by the FMA. The advice is of a general nature, and is not intended to be financial advice and FMA does not accept responsibility for any loss that any a person may suffer from following it. The FMA recommends that our audience seek their own financial advice in respect of investing in KiwiSaver. Anyone considering investing in KiwiSaver or making changes to their investment in KiwiSaver should seek advice from a financial adviser.

Jess and Stuart are back for episode 4 of our Navigating KiwiSaver series. Last week they discussed contributions, this week Stuart explains KiwiSaver fees, he also touches on active and passive investments. Your KiwiSaver fee is calculated as a percentage of the net asset value of each fund, and is already deducted from your investment, so returns will be reduced. Actively managed funds are where investment managers make active decisions on what investments to buy or sell in your KiwiSaver. On the other hand, passive investments copy what the market is doing by tracking and buying the index. This podcast has been prepared by the FMA. The advice is of a general nature, and is not intended to be financial advice and FMA does not accept responsibility for any loss that any a person may suffer from following it. The FMA recommends that our audience seek their own financial advice in respect of investing in KiwiSaver. Anyone considering investing in KiwiSaver or making changes to their investment in KiwiSaver should seek advice from a financial adviser.

In this episode, Jess asks Stuart to break down the different types of KiwiSaver funds. Funds are grouped by how much of the riskier investments they hold, like shares and property (also known as "growth assets"). Whether you're looking to dial your risk up or down, it's important to pick the right fund that aligns with your savings goals. Stuart also shares where to find out exactly which KiwiSaver fund you’re in — because knowing your current fund is the first step to making sure it’s working for you.