KiwiSaver and Managed Funds are both investment options that help your money grow over time by investing in assets like shares, bonds, and cash.

The main difference comes down to access and benefits:

• Generate KiwiSaver Scheme is part of a government superannuation scheme, designed to help you save for retirement or your first home.

• Generate Managed Funds are flexible investments that you can access at any time, but they don’t include government or employer contributions.

Access to your money

• KiwiSaver: Your money is generally locked in until you reach the NZ Superannuation age (currently 65). You may be able to withdraw early in specific situations, like buying your first home.

• Managed Funds: You can withdraw your money at any time. They’re much more flexible.

Government contributions

• KiwiSaver: If you’re eligible, the government adds up to $260.72 each year to your account.

• Managed Funds: There are no government contributions.

Employer contributions

• KiwiSaver: If you contribute through your salary, your employer usually contributes too.

• Managed Funds: No employer contributions.

What they’re best for

• KiwiSaver: Great for long-term goals like saving for retirement or your first home.

• Managed Funds: Can suit short-term or long-term investing, depending on your goals.

Investment options: Both offer a range of fund options so you can choose the level of risk that feels right for you.

Which one is right for me?

• KiwiSaver is good if your main goal is retirement savings or buying your first home.

• Managed Funds is great if you want to invest but have the ability to access your money at any time.

If you’d like to talk through your options, you can submit your details here and one of our friendly team will be in touch.