Whether you’re planning for retirement or working towards your first home, small tweaks today can make a big difference to your KiwiSaver savings. Here are four steps to help you stay on track in 2025.
Increase your contributions
Even a slight increase in your KiwiSaver contributions can have a major impact over time. If you’re an employee, you can contribute 3%, 4%, 6%, 8%, or 10% of your gross salary.
Take a moment to review your budget. Could you afford to contribute a little more? According to Sorted NZ, if you’re on an average salary, increasing your contributions from 3% to 10% over your working life could add around $229,000 to your retirement savings. That’s a significant boost to your financial future!
Thinking about increasing your contributions? Read more about how to increase them here.
Make sure you’re in the right fund
Not all funds are created equal, and choosing the right one can make a big difference in your long-term returns. Consider:
If you’re unsure whether your current fund aligns with your needs, now is the time to review your options with a Haven adviser.
Stay consistent
The key to growing your KiwiSaver balance is consistency. Regular contributions and the power of compounding returns can significantly increase your savings over time.
If you’ve taken a break from contributing, now might be a great time to restart, or make a voluntary contribution, every little bit adds up.
Get expert advice
One of the best ways to maximise your KiwiSaver account is by seeking professional financial advice. Research from the Financial Services Council (FSC) shows that people who receive financial advice tend to have 50% more in their KiwiSaver accounts than those who don’t.
Haven is here to help! If you’ve never reviewed your KiwiSaver strategy with us, now is the perfect time to chat with a Haven adviser and make sure you’re on the right track.
Get started today
Your KiwiSaver account is a powerful tool to help you achieve your financial goals. By making small, smart decisions now, you can set yourself up for a brighter future.
Ready to get your KiwiSaver account on track? Get in touch with a Haven adviser today!
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