You can join KiwiSaver if you’re younger than 65, living or normally living in New Zealand (with some exceptions) and are a New Zealand citizen, or entitled to live in New Zealand indefinitely. If you’re over 18 and start a new job, you’re automatically enrolled in a default scheme (where you have up to eight weeks to decide to remain or opt out). Even if you’re not currently working or are self-employed, you can still enjoy many of the benefits.
Research shows many of us don’t fully understand KiwiSaver (and many of us are in it and have had no advice!). Just under half of all members are invested in cash, default and conservative assets which may not be suitable for long term retirement savings. You could be missing out on hundreds of thousands in your retirement. KiwiSaver is potentially, your second largest asset after your house. Why not take this quick quiz to see if you know enough about your KiwiSaver?