Ever wondered how every dollar you pop into your KiwiSaver translates into a bigger nest egg down the line? It’s not just about the dollars—it’s about the time they’re given to grow. Each contribution you make is like planting a seed in your financial garden. The longer you let it grow, the more fruit it’ll bear when you finally reach retirement.
If you’re a Kiwi between 18 and 65 living in New Zealand, there’s $521.43 up for grabs from the government each year. To get the full amount, all you need to do is make sure you’ve contributed at least $1,042.86 ($21 per week) to your KiwiSaver between July 1st and June 30th. It’s as simple as that! $521 may not sound like a lot – but…
It’s an immediate 50% return on the $1,042 you invest.
You get to keep the money that is made off of that $521.
IT’S FREE MONEY.
Now, you might be thinking, “Why should I care about all this?” Well, here’s the thing: we’re all living longer, healthier lives. That’s awesome, right? But it also means we need more money to enjoy those extra years.
Superannuation is great, but it’s not always enough to live comfortably, especially if you want to maintain a certain lifestyle. That’s where your KiwiSaver comes in. It’s not just a savings account; it’s your ticket to a more relaxed, choices-packed retirement.
First, make sure you’re contributing enough to your KiwiSaver to take full advantage of the government’s contributions. If you’re unsure, check in with your provider or with the IRD to make sure you’re on track.
And if you’re not sure if your current fund is the best fit, don’t stress. Just touch base with us, and we’ll help you figure it all out. After all, the sooner you start, the more time your money has to grow—and the better off you’ll be when it’s time to kick back and enjoy the fruits of your labour.
So, what are you waiting for? Time’s ticking!
