MySaver is a platform that matches you with an Aurora Capital KiwiSaver Specialist who can provide you with no-obligation expert advice on Aurora Capital's KiwiSaver options. We help Kiwis save better through KiwiSaver by providing information and education on the Aurora KiwiSaver Scheme, and we believe that having a KiwiSaver savings plan in place it can make a huge difference to how much money you have for buying your first home or being able to retire comfortably.
Our matching service is completely free, and there is no obligation to use the services of an Aurora Capital KiwiSaver Specialist once you are matched with one. Any fees associated with Aurora Capital's KiwiSaver options will be discussed with you directly by the specialist.
MySaver is brought to you by a team of experienced professionals who are passionate about helping Kiwis save better through KiwiSaver. We work with Aurora Capital KiwiSaver Specialists to provide you with expert advice and guidance on KiwiSaver schemes.
KiwiSaver is a voluntary savings scheme that helps you save for your retirement or first home. Your contributions are invested in a range of assets such as shares, bonds, and property, with the aim of growing your savings over time.
Anyone who is a New Zealand citizen or resident and is under the age of 65 can join KiwiSaver.
Joining KiwiSaver can help you save for your retirement or first home. By contributing regularly, you can benefit from the government contribution, employer contributions, and potential investment returns, which can help grow your savings over time.
Your contributions to KiwiSaver are invested in a range of assets such as shares, bonds, and property, with the aim of growing your savings over time. You can choose from a range of KiwiSaver funds, each with a different risk profile and investment strategy.
If your KiwiSaver provider goes bankrupt, your funds are held in a trust, which means they are separate from your provider's assets and cannot be used to pay off their debts. Your funds will be transferred to another KiwiSaver provider, and you will be able to continue saving for your retirement or first home.
To receive the maximum government contribution, you need to contribute at least $1,042.86 per year (or $20 per week) between 1 July and 30 June of the following year.
KiwiSaver is not a savings account, but rather an investment scheme that invests your contributions in a range of assets with the aim of growing your savings over time.
You can access your KiwiSaver money when you reach the age of 65, or if you meet certain criteria such as purchasing your first home or experiencing significant financial hardship.
The minimum contribution for KiwiSaver is 3% of your before-tax pay. However, you can choose to contribute more if you wish.
The right type of KiwiSaver fund for you depends on your personal circumstances, investment goals, and risk tolerance. Speaking with a Financial Adviser will help you understand this.
The fees associated with KiwiSaver can vary depending on the provider you choose and the type of fund you select. Generally, there are two types of fees: management fees and other fees. The management fee is charged as a percentage of your KiwiSaver balance and covers the cost of managing your investment. Other fees may include administration fees, performance fees, and switching fees. To find out more about the fees associated with your chosen provider, please refer to their product disclosure statement.
If you've been a KiwiSaver member for at least three years, you may be able to withdraw some of your KiwiSaver funds to put towards purchasing your first home. You will not be able to withdraw any funds from an Australian Superannuation Scheme or $1,000 Kickstart. To apply for the first home withdrawal, you'll need to contact your KiwiSaver provider and provide evidence that you meet the eligibility criteria.
To be eligible for the KiwiSaver first home withdrawal, you must have been a KiwiSaver member for at least three years and have never owned a home before. You also need to be planning to use the funds to purchase a property that will be your primary place of residence, and the property must meet certain criteria. For more information on the eligibility criteria, please visit the KiwiSaver website or contact your KiwiSaver provider.
There is no one-size-fits-all answer to this question, as the best KiwiSaver fund for a first home buyer will depend on your individual circumstances and goals. It's important to consider factors such as your risk tolerance, investment timeframe, and financial situation when selecting a fund. An Aurora Capital KiwiSaver specialist can provide expert advice and recommend a fund that's suited to your needs.
In addition to the first home withdrawal, there are other ways that KiwiSaver can help you buy your first home. For example, you may be eligible for the KiwiSaver HomeStart Grant, which can provide up to $10,000 for an existing home or up to $20,000 for a new build. You can also use your KiwiSaver funds as part of your deposit, which may help you to secure a mortgage with a lower deposit.
Yes, you can choose to stay invested in KiwiSaver after you turn 65 and continue to contribute. However, you won't be eligible for the government contributions. You can continue to make withdrawals from your KiwiSaver account as needed.
When you turn 65, you'll be eligible to withdraw your KiwiSaver funds. You can choose to withdraw the entire balance as a lump sum, set up a regular income stream, or a combination of both. You'll need to contact your KiwiSaver provider to arrange the withdrawal. Keep in mind that if you withdraw your funds as a lump sum, you may be subject to tax.
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