How much do you know about your KiwiSaver account?

There’s a lot more to it than people think.

Answer the next four questions to see how taking advice now could mean the difference of hundreds of thousands of dollars in your retirement.

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Do you know the difference between a conservative and a growth fund?

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That's Great!

Growth funds hold more growth assets than conservative funds. Over time growth funds should increase more in value than conservative funds but they do have more risk.

Here’s what Sarah’s KiwiSaver account could be worth after 35 years

Sarah 30 years with a salary of $55,000 and a starting KiwiSaver balance of $15,000
1.5% $149k Defensive
2.5% $177k Conservative
3.5% $212k Balanced
4.5% $257k Growth
5.5% $314k Aggresive
* Click to see the numbers behind the example

Sarah is aged 30 on a salary of $55,000 p.a. and already has a Kiwi Saver balance of $15,000. She remains employed and contributing 3% of her before tax pay until she reaches retirement at age 65. She continues to receive the full Government contribution each year. In her first year on $55,000 her 3% contributions will work out to $32p.w. Her salary is assumed to grow by 3.5% p.a. Inflation is assumed to average 2% p.a. Her employer’s contributions are net of employer superannuation contribution tax. The returns are set by the Government and are used for illustrative purposes only and do not reflect the prospective performance of the Generate KiwiSaver Scheme or of any fund. They include tax of 28% (the highest and most common tax rate for KiwiSaver members) and average fees for the relevant sector. The returns are subject to investment and other risks (including potential losses). No returns are guaranteed or assured, and returns can at times be negative, particularly given the length of the investment period shown in the illustration. Past performance is not necessarily an indicator of future performance and returns over different periods may differ.

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Do you know which KiwiSaver fund you are in?

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Many Kiwis don't know which fund they are in or that there could be big differences in outcomes between funds

Many people who have joined KiwiSaver were automatically put into a default fund. These default funds are intended by the Govt to be “parking spaces” before you work out the type of fund appropriate for you.

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Do you know how Government contributions work?

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Your Govt contribution could be adding $521.43 to your KiwiSaver account every year.

Millions are being left on the table every year by people who either contribute nothing or just a small amount of money. It’s important you don’t miss out on this Govt contribution unnecessarily as over time it adds up to a big difference to your KiwiSaver account.

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Do you know what your KiwiSaver account Prescribed Investor Rate is?

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Your Prescribed Investor Rate is the tax rate on your KiwiSaver account.

It is either 10.5%, 17.5% or 28% based on your income over the last 2 years.

If your PIR is too high you may end up paying too much tax from your KiwiSaver account, although you may be entitled to a refund. If you are paying too little tax you are liable to pay the difference back to Inland Revenue.

Thanks for taking the Quiz! Now check out our 5 key strengths to see why you should get in touch with us to discuss your KiwiSaver account.

Our key strengths

We have some compelling points of difference that are worth sharing:

Gold Rating every year 2016 to 2020 by SuperRatings
Consistent Top 5 Performance in the Morningstar KiwiSaver category rankings
We invest in a way that incorporates environmental, social and governance (ESG) issues.
95% of customers rank our advisers 4 or 5 out of 5
NZ Owned & Operated KiwiSaver Specialists

The fine print

By entering my contact details I consent to be contacted by Generate Investment Management Limited and any of their authorised agents or distributors to promote their products and services. My information will be held securely and may be used for statistical purposes. You have the right to access the information held by us and you may also request that any incorrect information be corrected.

This survey has been prepared by Generate Investment Management Limited for general information only. I understand that neither the Manager nor the Supervisor has represented or implied that any particular Fund or investment strategy is appropriate for my particular circumstances and has not provided me with financial advice.

For further details on Generate’s KiwiSaver performance, please see: