KiwiSaver

KiwiSaver is a voluntary, work-based savings initiative to help with your long-term saving for retirement.  It’s designed to be hassle-free so it’s easy to maintain a regular savings pattern.  KiwiSaver savings will complement NZ Super to provide you with a better standard of living for your retirement.

We are more than happy to explain how KiwiSaver works and how you can make the most of your savings to build a retirement nest egg for yourself or to help you purchase your first home.

There are a range of membership benefits to encourage you to get saving. They include regular contributions from your employer and an annual member tax credit paid by the Government.  Some people may also be eligible for help with the deposit on their first home.

For work-based members, contributions are deducted from your pay at the rate of either 3%, 4% or 8% (you choose the rate).  If you're self-employed or not working, you agree with your KiwiSaver provider how much you want to contribute, and make payments directly to them.

Your KiwiSaver savings will generally be locked in until you’re eligible for NZ Super (currently 65), or you've been a member for at least 5 years (if you joined over the age of 60).

Pension transfers

They are an absolute minefield for most people so we take the hassel out of it by simplifying and doing it ourselves free of charge to clients.  We use very reputable KiwiSaver provider called Booster they have a huge variety of investment funds and historically have performed very well.  The funds are flexible in that people can change these via us so that they can have some of their money going into conservative, balanced or high growth type of funds.
 
We at InsureNZ provide the personal touch as we deal directly with the providers and assist you in the process.