KiwiSaver is a savings scheme suitable for everyone, regardless of age, wealth or current employment status.
It’s a simple and affordable way to invest and save for retirement or a deposit for your first home. Plus, contributions to your savings can be increased with government contributions and by your employer.
Choosing the best KiwiSaver provider and plan is important to get right from the start. There are different fee structures and levels of return on investment. These are also influenced by how long you’ll have your KiwiSaver account.
Book your KiwiSaver session
Complete this form and we’ll get back to you for a no-obligation, 15 minute chat.
In 15 minutes we will be able to show you where you may have been leaving money on the table, and the next steps for growing your savings.
Why choose us for KiwiSaver?
- Our advice and services are free
- We’ll help you understand the options
- We use a number of different KiwiSaver providers to ensure you are matched to a scheme that suits your needs
- We keep our clients informed with regular updates, including a personal annual review over the phone or in person
KiwiSaver for buying your first home
Saving for a deposit on your first home can feel like a mountain to climb for many young people. KiwiSaver is one way you can save for a deposit, as the scheme allows you to make a withdrawal for buying your first home. Coupled with government and employer contributions, you’ll see your money grow faster.
We’ll show you how to optimise your savings so you can potentially buy your first home sooner.
KiwiSaver for retirement
KiwiSaver after retirement
If you’ve worked with us to reach your KiwiSaver and retirement savings goals, you’ll need ongoing advice about how to make that money work best for you once you get paid out.
We’ll show you how you can continue to invest your savings to support your retirement lifestyle.
Support your employees financial wellbeing
How can you support your employees with their financial wellbeing? Talk to us.
Financial Wellbeing contributes to our overall happiness. If your employees are experiencing financial stress, this is most likely impacting their work commitments and their productivity.
Login to your Booster KiwiSaver account
If you have your KiwiSaver with Booster, you can login to mybooster. This portal allows you to manage your Booster account, track your financial universe and improve your financial wellbeing with in-built tools and resources.
Working with Stacey Crispin was an absolute game-changer for us. She took the time to understand our financial situation, helped us set clear short- and long-term goals, and provided invaluable guidance every step of the way. Her knowledge, patience, and support made the entire process feel easy and achievable. We now feel more confident and in control of our finances, and we couldn’t have done it without her! She went above and beyond and was a real joy to be around and work with. We will definitely work with her again.
Julia
I can’t express enough how valuable the time I spent with Stacey was.
Thanks to Stacey’s expert guidance I now understand my investment and the steps needed to secure my financial future.
I highly recommend you have a chat with Stacey.
Owen
I have had the pleasure of knowing Ian since 2016 when he came to Work & Income promoting Cole Murray Insurance products. I was supported & guided by Ian in choosing the appropriate Life Assurance, Trauma and Kiwi Saver Booster products suitable to me and my partners needs.
In July 2019 I was diagnosed with Terminal Cancer, which is life changing. I had to undergo intense Chemotherapy sessions and reduce my working hours. Ian was amazing in supporting me professionally with all the required administrative work required to enabling the release of and accessing my financial entitlements being Life Assurance, Trauma cover & KiwiSaver Booster Funds.
In June 2020 I underwent a 14 hour massive surgical procedure in the Waikato Hospital for the cancer to further extend my life expectancy. Through all this Ian frequently called me and visited me at my private residence once home from hospital. We have continued to be guided and supported currently by Ian in regard to my partner’s financial portfolios. Ian has always been approachable and made himself available at all times to support us, never anything to much trouble.
Thank you Ian from the bottom of my heart, I would and have recommended you as a professional and caring person to co workers and friends alike.
Anon
Hayley and other Staff of Cole Murray are welcoming and friendly towards new clients. I found that Hayley is knowledgeable about their product, services and procedures. There is regular contact and feedback when required.
Wendy
I used Cole Murray for setting up my KiwiSaver. Excellent service from Hayley who explained all options and made the process easy and hassle free.
Matthys
I moved my KiwiSaver to Cole Murray as my own bank couldn’t be bothered to advise me which the best options were to divide my % of investment in. Since transferring to Cole Murray, I haven’t looked back. Hayley is an AWESOME Financial Advisor and keeps me updated. Thank you, TEAM. YOU’RE AWESOME!
Magriet
The best KiwiSaver provider depends on your own financial goals, risk tolerance, and investment timeframe. KiwiSaver providers in New Zealand each offer different fund options and fee structures. When choosing a KiwiSaver provider, consider factors like historical performance, annual fees, investment options, and customer service quality.
Another thing to consider is what you are investing in aligns with your values. You can invest in socially responsible funds.
Contact us for personalised KiwiSaver advice. We can help you compare providers and select the best KiwiSaver provider for your house deposit and retirement goals.
Choosing which KiwiSaver fund you want to invest in, depends on your age, risk tolerance, and retirement timeline. Conservative funds may suit those who want to use their money sooner rather than later or have a low risk appetite. Balanced funds usually have a moderate growth, ideal for medium-term savers. Growth and aggressive funds are for potentially for people with longer investment horizons. They are higher risk but have the potential for higher returns. You can learn more about what type of an investor you are here.
But everyone is different, so contact us for personalised KiwiSaver advice. We can help you compare the different fund types and select the best one for you.
No, KiwiSaver funds cannot be used to purchase investment properties or businesses. KiwiSaver early withdrawal is only permitted for your first home purchase (with specific eligibility criteria), permanent emigration, significant financial hardship, serious illness, or reaching retirement age (currently 65).
If you’re considering property investment or business purchases, we have Mortgage Advisers that you can talk to about financing options that don’t jeopardize your retirement savings.
KiwiSaver is New Zealand’s voluntary retirement savings scheme where eligible individuals contribute a minimum of 3%, 4%, 6%, 8%, or 10% of their gross salary. Employers must contribute a minimum of 3% (up to a salary cap), and the government provides 25cents to every $1 up to $260.72 for qualifying contributions. Your KiwiSaver contributions are invested in your chosen fund type, with returns depending on market performance and fund selection. Funds typically invest in a mix of cash, bonds, property, and shares both domestically and internationally.
Learn more about KiwiSaver here.
Come and talk to us about optimizing your KiwiSaver strategy to maximize government contributions and investment growth.
PIR (Prescribed Investment Rate) is your tax rate on KiwiSaver investment returns, ranging from 10.5% to 28% based on your income level. Your PIR rate depends on your taxable income over the previous two tax years: 10.5% for income up to $15,600 p.a., 17.5% for income between $15,601-$53,500 p.a., and 28% for income over $53,501 p.a. Using the correct PIR ensures you’re not overpaying or underpaying tax on your KiwiSaver returns.
As part of our KiwiSaver reviews your Financial Adviser will check your PIR as income changes can affect your rate.
KiwiSaver early withdrawal for financial hardship is possible but has strict criteria and should be a last resort. You can apply for hardship withdrawal if you cannot meet minimum living expenses, pay for medical treatment, are behind in your mortgage payments, or unable to pay for funeral costs. Applications require evidence of financial difficulty and exhaust other options first. Hardship withdrawals may impact your retirement savings significantly and aren’t guaranteed approval.
This all depends on everyone’s individual needs. It can vary significantly based on lifestyle expectations and other income sources, like NZ Superannuation (the pension). You need to think about housing costs, healthcare expenses, travel plans, and inflation when calculating your retirement needs. Read more here.
As KiwiSaver hasn’t been around long, many Kiwis balances alone are not enough for retirement. But starting early with higher contribution rates and appropriate fund selection dramatically improves retirement outcomes.
Give our Wealth team a call. They can give you advice on setting up your KiwiSaver or create a retirement plan to calculate your specific retirement savings target and develop a strategy to achieve it.
When you die, your KiwiSaver forms part of your estate and is distributed according to your Will or New Zealand’s intestacy laws if no Will exists. KiwiSaver funds don’t automatically transfer to spouses or family members but go through the normal estate administration process. Beneficiaries receive the full account balance including contributions, returns, and government contributions without tax penalties. The process can take several months through estate administration. Having an updated Will ensures your KiwiSaver funds go to your intended beneficiaries more smoothly.
Our Financial Advisers can connect you with professionals who can help you create a Will and ensure your retirement savings are protected and efficiently transferred to your loved ones.