MoneyHub NZ
  • Search
  • Investing
    • Investing Platforms
      • Reviews
        • Sharesies Review
        • Hatch Review
        • Stake Review
        • Tiger Brokers (NZ) Review
        • Superhero Review
        • BlackBull Markets Share Trading Platform Review
        • ASB Securities Review
        • Jarden Direct Review
        • InvestNow Review
        • Kernel Review
        • Flint Wealth Review
        • Interactive Brokers
        • Smartshares Review
        • Catalist Review
      • Comparisons
        • Sharesies vs Hatch vs Stake
        • Hatch vs Stake
        • Hatch vs Tiger Brokers
        • Sharesies vs Tiger Brokers
        • Stake vs Tiger Brokers
        • Comparing Sharesies vs Investnow vs Hatch vs Jarden Direct and more
        • Best Investment Apps
        • How Do I Start Investing?
        • Virtual Stocks and Shares Trading Games
      • Guides
        • How to Invest in Shares
        • Investing in Vanguard Funds from New Zealand
        • Investing in the US Stock Market from New Zealand
          • How To Buy Tesla Shares
          • How To Buy Apple Shares
          • How To Buy Amazon Shares
          • How To Buy Alphabet Shares
          • How To Buy Netflix Shares
          • How To Buy Microsoft Shares
          • How To Buy Meta Shares
        • What Happens If Your Investing Platform Shuts Down?
        • Fractional Shares
        • Transferring Share Portfolios
        • How to Read and Understand a Share Chart
        • NZX in a Nutshell
        • Investing in Asian Markets from New Zealand
        • Understand Gross vs Net
    • Introduction to Investing
      • Guides
        • Index Funds
        • 10 Ways to Invest in New Zealand
        • How to Invest Regularly
        • Passive Investing vs Active Investing
        • Investments You Can Own Forever
        • Investing Mistakes
        • ETFs (Exchange Traded Funds)
        • Best Retirement Income Products in New Zealand
        • Index Funds vs ETFs
        • Shares vs ETFs
        • Dollar-Cost Averaging Guide
        • Passive Income Strategies
        • How Wealthy New Zealanders Invest Their Money
        • The Best Way to Invest Inheritance or a Windfall
        • Barefoot Investor-Friendly Financial Products in New Zealand
        • Investment Terms Glossary
        • IPOs
        • Investing in Dividend Shares
        • Common Shareholder Numbers in New Zealand
        • Shorting a Stock
        • Investing vs Trading vs Gambling
      • Young People and Investing
        • Investing for Kids
        • Investing For Grandchildren
        • 10 Top Investments for Young New Zealanders
        • Sharesies Kids Accounts Review
        • SquareOne Review
        • Dosh Review
      • Investing Calculators
        • Compound Interest Calculator
        • Investment Calculator
        • Savings Calculator
        • Net Worth Calculator
        • Million Dollar Calculator
    • Managed Funds, Tax & DIY Investing
      • Guides
        • Investing Guide
        • Our Favourite Funds
        • Advisers
          • Financial Advisers Overview
          • DIY Investing vs Investment Brokerage Firms vs Financial Advisors
          • Financial Advisers Auckland
          • Financial Advisers Wellington
          • Financial Advisers Christchurch
        • Bank Credit Ratings
        • Tax on Investments and Savings
        • Capital Gains Tax
        • Bright-Line Test
        • Ethical Investing
        • Best ESG Funds
        • Asset Allocations to Build Wealth
        • Managing Offshore Investments for Returning New Zealanders and Migrants
        • Managed Funds
          • Booster Private Land and Property Fund Review
        • How to Buy and Sell Bonds
        • Buying NZ Corporate Bonds
        • Trading in a Nutshell
        • Peer to Peer Lending
        • Crowd Funding Guide
        • REITs Guide
        • Jasper Review
        • Investing & Personal Finance Podcasts
        • Emergency Funds
        • UK Pension Transfer to New Zealand
        • Returning to the UK from NZ
        • Spending Your Savings in Retirement
        • How to Take Income from Investments
        • What Am I Entitled to If My UK Pension Scheme or Provider Makes a Mistake?
        • Investment Scams
        • Investing in Recession-Proof Sectors and Asset Classes During a Downturn
        • Hedging Investments
        • Top Personal Finance Books for New Zealanders
        • Top Ten Personal Finance Resources
      • Reviews
        • Simplicity Investment Funds Review
        • Lending Crowd Review
        • Squirrel Review
        • Sharesight Review
        • Lifetime Retirement Income
        • New Zealand Financial Markets Authority (FMA)
      • Calculators
        • Managed Funds Fee Calculator
        • Basis Points Calculator
        • Inflation Calculator
        • Retirement Calculator New Zealand
    • Alternative Investments and Trading
      • Reviews
        • BlackBull Markets Review
        • CMC Markets Review
        • Plus500 Review
        • IG Review
        • TMGM Review
        • CMC Markets vs Plus500 vs IG Markets vs BlackBull Markets
      • Guides
        • How to Invest in Gold
        • How to Invest in Silver
        • Forex Trading Guide
        • Options Trading
        • Contracts for Difference (CFDs) Guide
        • Futures Trading
        • Commodities Trading
        • Forex Trading Tools
        • Forex Trading Platforms Comparison
        • Forex Trading Courses and Education
        • Forex Regulation
        • Copy Trading
    • Cryptocurrency
      • Reviews
        • Easy Crypto Review
        • Swyftx Review
        • Binance Review
        • Easy Crypto vs Swyftx
        • Independent Reserve Review
        • eToro Review
        • Coinbase Review
        • Kiwi-Coin Bitcoin Exchange Review
        • Vault International Bitcoin Fund Review
      • Guides
        • How to Buy Bitcoin in New Zealand
        • Beginner's Guide to Bitcoin and Blockchain
        • Guide to NFTs
        • Bitcoin Wallet Guide
        • Bitcoin Mining
        • How to Sell Bitcoin
        • Bitcoin and Crypto Scams
        • Initial Coin Offerings
        • A Beginner’s Guide to Investing in Cryptocurrencies
        • Decentralised Finance
        • Bitcoin in New Zealand
        • New Zealand Bitcoin Exchanges
        • How to Buy Ethereum in New Zealand
        • Other Coins
          • How to Buy Ripple in New Zealand
          • How to Buy Cardano in New Zealand
          • How to Buy Dogecoin in New Zealand
          • How to Buy Litecoin in New Zealand
          • How to Buy Polkadot in New Zealand
  • Loans & Finance
    • Car Finance
      • Car Finance Calculator
      • Electric Vehicle Loans
      • How to Refinance Your Car Loan
      • Car Loan Refinance Calculator
      • Car Dealership Finance vs Alternatives
      • Bad Credit Car Loans
      • Car Finance Company Reviews
        • AA Money Review
        • Better Finance Review
        • Kiwi Car Loans Review
        • MTF Finance Review
        • Simplify Loans Review
        • Car Loan Brokers vs Direct Car Finance
      • Car Finance Must-Knows Guides
        • Buying a Car Loan vs Personal Loan?
        • Car Loans and Collateral
        • Car Loan Guarantors
        • How to Save for a Car
        • Paying Cash for a Car vs Car Finance
        • Balloon Payments
      • Car Finance Add-On Insurance Guides
        • GAP (Guaranteed Asset Protection Insurance) Insurance
        • MBI (Mechanical Breakdown Insurance)
        • PPI (Payment Protection Insurance)
    • Personal Loans
      • Debt Consolidation Loans
      • Secured Loans
      • Home Renovation Loans
      • Online Loans
      • Bad Credit Loans
      • Beneficiary Loans
      • Payday Loans
      • Cash Advance
      • Same Day Loans
      • Low Income Loans
      • Personal Loan Calculator
      • Debt Consolidation Calculator
      • Refinance Personal Loan Calculator
      • Home Renovation Loan Calculator
      • Interest Calculator
      • Harmoney Loans Review
      • Nectar Review
      • Avanti Finance Review
      • Save My Bacon Review
    • Credit Scores & Interest Rates
      • Credit Scores and Credit Checks
      • How to Build Credit in New Zealand
      • How to Pay Down Debt Faster
      • Baycorp and Debt Collection
      • Interest Rates Guide
      • Interest Rate Comparison
      • Buy Now Pay Later Apps
        • Afterpay Review
        • Laybuy Review
        • Humm Review
        • Zip Review
  • Insurance
    • Car Insurance
      • Guides
        • How to Get Cheaper Car Insurance
        • Car Insurance Calculator
        • No Claims Bonuses Explained
        • Car Insurance Excess Explained
        • Cheapest Cars to Insure
        • Modifications that Make a Car Uninsurable
        • Car Insurers Directory
        • Car Insurance Glossary
      • Reviews
        • Tower Car Insurance Review
        • Cove Car Insurance Review
        • Trade Me Car Insurance Review
      • AMI vs AA Insurance vs Cove vs State vs Tower vs Trade Me Insurance
      • Young Driver Car Insurance
      • Third Party Car Insurance
      • Caravan Insurance
    • Home, Contents and Other Insurance
      • House Insurance
      • House Insurance Calculator
      • Difficult to Insure Areas
      • Insuring Old Houses
      • Contents Insurance
      • Home and Contents Insurance
      • Renters' Insurance
      • Landlord Insurance
      • Dental Insurance and Dentist Plans
      • Phone Insurance
      • Insurance Excess
      • Motorbike Insurance
      • Initio Review
      • Insurance Brokers
        • Trusted Insurance Brokers in Wellington
        • Trusted Insurance Brokers in Christchurch
    • Pet Insurance
      • Is Pet Insurance Worth Buying?
      • Cat and Dog Desexing
      • Getting a Kitten
      • Buying a Puppy
      • Pet Euthanasia
      • Vet Costs in New Zealand
      • Costs of Owning a Cat
      • Costs of Owning a Dog
    • Life & Health Insurance
      • Life Insurance
        • Life Insurance Policy Comparison - Cigna vs AIA vs Asteron Life vs Fidelity vs Westpac vs Partners Life
        • Life Insurance Calculator
        • Pre-Existing Medical Conditions
        • Buying Life Insurance Direct vs Using an Insurance Broker
        • Life Insurance Policies - Features and Questions to Ask
        • When To Cancel Or Change a Life Insurance Policy
        • Life Insurance For Smokers and Vapers
      • Health Insurance
        • Going to Australia for Medical Treatment
      • Income Protection Insurance
        • ACC vs Income Protection Insurance
        • Income Protection Insurance for Self Employed
      • Mortgage Insurance
      • Trauma Insurance
      • Redundancy Insurance
      • Funeral Insurance
        • What to Do When a Spouse or Partner Dies
        • Funeral Costs
  • Credit Cards
    • Best Credit Cards
    • Rewards and Cashback Credit Cards
    • The Best American Express Credit Cards
    • Air New Zealand Airpoints Credit Cards
      • ANZ vs AMEX vs Kiwibank vs Westpac Platinum Airpoints Credit Cards
      • ANZ Airpoints Visa Platinum vs AMEX Airpoints Platinum
      • Kiwibank Airpoints Platinum Visa vs AMEX Airpoints Platinum
      • Westpac Airpoints Platinum Mastercard vs AMEX Airpoints Platinum
    • Balance Transfer Credit Cards
    • Platinum and Gold Credit Cards
    • Reviews
      • American Express Credit Cards Review
        • American Express Airpoints Platinum Review
        • American Express Gold Rewards Card Review
        • AMEX Comparison - Airpoints Platinum vs Gold Rewards
        • American Express Free Card vs Airpoints Platinum
        • American Express Platinum Card Review
        • American Express Membership Rewards Program Review
        • AMEX Cardholder Feedback
        • The Best Ways to Spend AMEX Membership Rewards Points
        • Qantas Credit Cards
        • Singapore Airlines KrisFlyer Credit Cards
        • Cathay Pacific Asia Miles Credit Cards
        • Emirates Skywards Credit Cards
        • RewardPay Review
      • Flight Centre Mastercard Review
    • Guides
      • Pay Off Credit Card Debt
      • Credit Card Basics
      • Mastercard vs Visa
      • Credit Card Minimum Payments Explained
      • Where is Amex Accepted?
      • Credit Card Interest Calculator
      • How to Request a Credit Card Chargeback
    • Other Credit Cards
      • Travel Money Cards
        • Australia Travel Money
        • Bali Travel Money
        • Fiji Travel Money
        • Rarotonga Travel Money
        • UK Travel Money
      • Wise Debit Card Review
      • Revolut Review
      • Revolut vs Wise - Which Is Better?
      • Travelex Money Card vs Wise Debit Card Comparison
      • OneSmart Card vs Wise Debit Card Comparison
      • Cash Passport vs Wise Debit Card Comparison
      • Best Foreign Currency Debit & Credit Cards
      • Free Credit Cards
      • Low Interest Credit Cards
      • Credit Cards for Bad Credit
      • Q Card & Q Mastercard Review
      • GEM Visa Review
      • Onecard Visa Review
      • Purple Visa Review
  • Banking & Savings
    • Banking
      • Best Bank Accounts
      • Best Debit Cards
      • Best Joint Bank Accounts
      • Kids Bank Accounts
      • Cut Overdraft Costs
      • Private Banking
      • International Money Transfers
      • Open an Australian Bank Account from New Zealand
      • Open a UK Bank Account from New Zealand
    • Savings
      • Best Term Deposits
      • Booster Savvy Review
      • Best PIE Term Deposits
      • Best Call Accounts
      • Best Savings Accounts
      • Term Deposit Alternatives
    • Guides and Resources
      • Banks vs Credit Unions
      • Open Banking Guide
      • NZ Bank Prefix Codes
    • Reviews
      • Wise International Money Transfer Review
      • Heartland Bank Review
      • First Credit Union Review
      • NZCU Baywide Review
      • The Co-operative Bank NZ Review
      • Western Union Review
  • Mortgages
    • Mortgage Essentials
      • Best Home Loans
      • Mortgage Calculator
      • How Much Can I Borrow?
      • Debt to Income Ratios
      • Equity (and Leverage) Calculator
      • Mortgage Repayment Calculator
      • Mortgage Options
      • Mortgage Cashback
    • Other Mortgage Options
      • Interest-Only Mortgages Guide
      • Interest-Only Mortgage Calculator
      • Revolving Credit Mortgages
      • Offset Mortgages
      • Offset Mortgage Calculator
      • Fixed vs Floating Mortgage Rate Calculator
      • Understanding Interest Rate Swaps
      • What is the OCR?
    • Alternative Mortgage Options
      • Low-Deposit Home Loans
      • Rent to Own Homes
      • First Home Loan Guide
      • Reverse Mortgages
    • Mortgage Management
      • Saving for a House Deposit
      • Pay Off Your Mortgage Faster
      • Mortgage Overpayment Calculator
      • Remortgaging Guide
      • Mortgage Relief and Holidays
      • Amortisation Calculator
      • Mortgage Break Fees
      • Defaulting on a Mortgage
      • High Deposit Mortgages
      • Negative Equity
      • How to Manage Higher Mortgage Payments
      • Mortgage Refinance Calculator
    • Mortgage Brokers
      • Mortgage Brokers Explained
      • Trusted Auckland Mortgage Brokers
      • Trusted Hamilton Mortgage Brokers
      • Trusted Mortgage Brokers in Tauranga
      • Trusted Mortgage Brokers in Napier and Hastings
      • Trusted Mortgage Brokers in Wellington
      • Trusted Mortgage Brokers in Christchurch
    • Buying a Home
      • First Home Buyers Checklist
      • Home Buying Glossary
      • Best House Price & Valuation Websites in New Zealand
      • New Zealand Property Types
      • Rateable Value vs Market Value
      • Leasehold Property Guide
      • Conveyancing vs Lawyers
      • Buying an Apartment in New Zealand
      • Buying vs Renting a House
    • Selling a Home
      • How to Sell Your House Privately
      • Real Estate Agent Fees
      • Bridging Finance
    • Property Investment
      • Investment Property Mortgages
      • Renting Directly to Tenants vs Using an Agent
    • Building a House
      • Average Building Cost Per Square Metre
      • Cost to Build a New House
      • Buying Land to Build a House
      • Construction Loans
      • Tiny Homes in New Zealand
  • KiwiSaver
    • KiwiSaver Basics
      • Our Favourite KiwiSaver Funds
      • Is KiwiSaver Safe?
      • Choosing a KiwiSaver Fund
      • Choosing Your KiwiSaver Scheme
      • Balanced vs Moderate vs Growth KiwiSaver Funds - What is right for me?
      • KiwiSaver Must-Know Facts
      • Opting out of KiwiSaver
      • What Do I Do With My KiwiSaver When I Retire?
      • KiwiSaver Withdrawal
      • Switching KiwiSaver Funds
      • KiwiSaver Robo and Digital Advice Tools
      • Ethical Kiwisaver Funds
      • KiwiSaver Private Equity Investments
    • KiwiSaver Contributions & Tax
      • Your KiwiSaver Contributions
      • KiwiSaver Contributions - Gross or Net?
      • Employer KiwiSaver Contributions
      • Government KiwiSaver Contributions
      • KiwiSaver Savings Suspensions
      • Voluntary Contributions
      • What's My PIR?
      • KiwiSaver and Tax
    • KiwiSaver for Life Events and Specific Situations
      • Average KiwiSaver Balance by Age
      • KiwiSaver First-Home Withdrawal
      • KiwiSaver First Home Grant Guide
      • KiwiSaver Hardship Applications
      • KiwiSaver in a Divorce or Separation
      • KiwiSaver for Kids
    • KiwiSaver Schemes
      • Amanah KiwiSaver Scheme
      • AMP KiwiSaver Scheme
      • ANZ KiwiSaver Scheme
      • ASB KiwiSaver Scheme
      • AON KiwiSaver Scheme
      • BNZ KiwiSaver Scheme
      • Booster KiwiSaver Scheme
      • Fisher Funds KiwiSaver Scheme
      • Generate KiwiSaver Scheme
      • InvestNow KiwiSaver Scheme
      • JUNO KiwiSaver Scheme
      • Kernel KiwiSaver Review
      • Kiwi Wealth KiwiSaver Scheme
      • kōura Wealth KiwiSaver Review
      • Lifestages KiwiSaver Scheme
      • MAS KiwiSaver Scheme
        • MAS Review
      • Mercer KiwiSaver Scheme
      • Milford KiwiSaver Plan
      • New Zealand Defence Force KiwiSaver Scheme
      • Nikko AM KiwiSaver Scheme
      • Pathfinder KiwiSaver Review
      • QuayStreet KiwiSaver Scheme
      • Simplicity KiwiSaver Review
      • Summer KiwiSaver Scheme
      • SuperLife Review
      • Westpac KiwiSaver Scheme
    • KiwiSaver Calculators
      • KiwiSaver Calculator
      • KiwiSaver Returns Calculator
  • Business
    • Compare Business Loans
      • Business Line of Credit
      • Business Borrowing Options
      • Small Business Loans
      • Operating Leases
      • Finance Leases
      • Operating Leases vs Financing Leases
      • Prospa Business Loans Review
      • Bizcap Business Loans Review
    • Business Insurance
      • Public Liability Insurance
      • Business Interruption Insurance
      • Professional Indemnity Insurance
    • Business Credit Cards
    • Business Essentials
      • Money Saving Tips For Businesses
      • Get Debtors to Pay Overdue Invoices
      • Working Capital
      • Liquidations and Receiverships
      • Can't Make Payroll Guide
      • Buying out a Business Partner
      • Business Brokers
    • Business Calculators
      • Business Loan Calculator
      • ROI Calculator
      • IRR Calculator
      • Internal Rate of Return
      • Percent Off Calculator
      • Profit Margin Calculator
      • Current Ratio Calculator
      • Quick Ratio Calculator
    • Online Services
      • Domain Names
      • Trusted Web Designers
        • Auckland Web Designers
        • Hamilton Web Designers
        • Wellington Web Designers
        • Christchurch Web Designers
        • Tauranga Web Designers
        • Lower Hutt Web Designers
        • Dunedin Web Designers
      • Digital Identity Programs and Online Verification Tools
      • Social Media Influencer Marketing
      • PayPal NZ Account Fees
      • Paypal vs Stripe Review
      • Hnry Review
      • n3 Trade Card Review
      • Plain English Awards
    • For Startups
      • How to Start a Business in New Zealand
      • Raising Capital
      • Product Market Fit
      • Crowdfunding vs Bank Financing
      • Blackbird vs Movac
      • How to Become an Angel Investor
      • How to Raise Money from Angel Investors
      • Alternatives to VC Funding
      • Hiring for a Startup
      • VCFO (Virtual CFO)
      • New Zealand Startup and Founder Incubators
      • Expanding Offshore
      • New Zealand Invoice Template
      • Business Podcasts
  • MSD
    • Navigating Work and Income Benefits
    • Jobseeker Support Benefit Rates 2023 and 2024
    • Jobseeker Support Guide
    • Accommodation Supplement Guide
    • Disability Allowance
    • MyMSD
    • Community Services Card
    • Hardship Assistance - Urgent Costs and Living Expense Assistance
    • Loans for Unemployed
    • Working for Families Guide
    • Childcare Subsidies in New Zealand
    • NZ Superannuation in a Nutshell
    • Superannuation Rates 2023
    • Government Departments Helping New Zealanders Directly
    • COVID-19 Help
    • Food Grants Guide
    • Food Banks Directory
      • Food Banks Auckland
      • Food Banks Northland
      • Food Banks Hamilton Waikato
      • Food Banks Wellington
      • Food Banks Christchurch
  • Motoring
    • Buying and Selling a Car
      • Car Valuations
      • Buying a Used Car
      • Selling a Car
      • CarJam Review
      • CarJam vs MotorWeb Car Report Comparison
      • Top Cars that Hold Their Value
      • Vehicle Leasing
      • Car Registration in New Zealand
    • Everyday Driving
      • Costs of Owning a Car
      • 20 Ways to Make Driving Cheaper
      • Gaspy App Review
      • Parking Tickets
      • AA Membership Review
      • Best Car Batteries
      • Best Electric Cars
    • Warrant of Fitness
      • Guide to Warrant of Fitness
      • Warrant of Fitness Auckland
      • Warrant of Fitness Hamilton
      • Warrant of Fitness Tauranga
      • Warrant of Fitness Lower Hutt
      • Warrant of Fitness Wellington
      • Warrant of Fitness Christchurch
      • Warrant of Fitness Dunedin
  • Law
    • Wills Guide
    • Separation Agreements
    • Prenuptial Agreements
    • Divorce Guide
    • Trusts Guide
    • Enduring Power of Attorney Guide
    • Living Wills Guide
    • Probate
    • Agreeable Review
    • Footprint Online Wills Review
    • Perpetual Guardian
  • Job Hunting
    • Job Applications
      • CV Templates & Tips
      • Cover Letters
      • Common Interview Questions
    • Guides & Resources
      • How to Improve Your LinkedIn Profile
      • Part-Time Jobs Guide
      • Redundancy Payouts and Entitlements
      • How to Get Promoted
      • Self-Employment Guide
      • Workplace Bullying
    • Recruitment Agencies
      • Recruitment Agencies Auckland
      • Recruitment Agencies Wellington
      • Recruitment Agencies Christchurch
  • Travel
    • How to Get Access to Airport Lounges
    • Flybuys Review
    • Fastest Way To Earn Air NZ Status Points
    • How to Redeem Air New Zealand Airpoints Dollars
    • Air New Zealand Koru Membership Review
    • Air New Zealand Travel Tips
    • Air NZ Upgrade Guide
    • Airpoints Flexipay Guide
    • No Nonsense Upgrade Guide
    • Cheap Domestic Flights
    • Car Rental Hire
    • Auckland Airport Car Parking
    • First Table Guide
    • Accor Plus Review
    • Queenstown Like a Local
    • Auckland Travel for Less
    • Hotel Booking Sites Compared
    • 100+ Free Things to do in Auckland
    • Layby Flights Guide
    • Airbnb Refunds (Coronavirus)
    • Air New Zealand Refunds & Credits
    • Google Flights Guide
    • Skyscanner Guide
    • Working Holiday Visas
    • Currency Converter
    • Qatar Airways Travel Tips
    • Foreign Currency Exchange
      • Australian Dollars Exchange Rate
      • American Dollars Exchange Rate
      • British Pound Exchange Rate
      • Canadian Dollars Exchange Rate
      • Euro Exchange Rate
      • Fijian Dollars Exchange Rate
      • Hong Kong Dollar Exchange Rate
      • Korean Won Exchange Rate
      • Indian Rupee Exchange Rate
      • Japanese Yen Exchange Rate
      • Malaysian Ringgit Exchange Rate
      • South African Rand Exchange Rate
      • Singapore Dollars Exchange Rate
      • Thai Baht Exchange Rate
      • Chinese Yuan Exchange Rate
  • Broadband
    • Compare Broadband Plans
    • No Contract Broadband
    • Rural Broadband Plans
    • Internet Speed Test
    • Broadband Provider Reviews
      • 2degrees Broadband Review
      • Bigpipe Broadband Review
      • Compass Broadband Review
      • Contact Broadband Review
      • Electric Kiwi Broadband Review
      • Farmside Broadband Review
      • Flip Broadband Review
      • Mercury Broadband Review
      • MyRepublic Broadband Review
      • NOW Broadband Review
      • One NZ Broadband Review
      • Orcon Broadband Review
      • Spark Broadband Review
      • Skinny Review
      • Slingshot Broadband Review
      • Starlink Review
      • Voyager Broadband Review
      • Wireless Nation Broadband Review
  • Power
    • Compare Power Companies
    • Power and Broadband Bundles
    • How to Lower Your Power Bills
    • Fixed Contracts vs Open Power Plans – What You Need to Know
    • Electric Vehicle Power Plans
    • How to Use Less Power
    • Power Companies
      • Contact Energy Review
      • Ecotricity Review
      • Electric Kiwi Review
      • Flick Electric Review
      • Frank Energy Review
      • Genesis Energy Review
      • Globug Review
      • Mercury Review
      • Meridian Energy Review
      • Nova Energy Review
      • Powershop Review
      • Z Energy Power Review
  • Financial Independence
    • FIRE Guides
      • Retirement in a Nutshell
      • How to Retire Early
      • FIRE Explained
      • The Four Percent Rule
      • Achieving Financial Independence, Faster
      • Five Types of FIRE Plans
      • Getting FIRE’d in New Zealand
      • FIRE and NZ Real Estate
    • FIRE Tools
      • Budgeting Apps
      • Debt Repayment Apps
      • Free Financial Literacy Classes
      • Free Financial Products
      • 50/30/20 Budget Calculator
      • Budget Planner
    • Tax
      • Beginner's Guide to Tax
      • Salary Sacrifice in New Zealand
      • Tax Bracket Creep
      • Tax Refunds
    • Money Tips
      • 20 Things to Stop Buying to Have More Money
      • 20 Indicators You're Doing Well Financially
      • 20 Must-Know Money Lessons (Learned From Experience)
      • 20 Money Habits that Keep You Poor
      • Saving on Household Bills
      • Debt Help
      • CAP (Christians Against Poverty) Review
      • Debtfix Review
      • Getting into Debt to Meet Short Term Living Costs
      • How to Survive a Recession
      • Average NZ Salary by Age
      • How to Maximise Income in Retirement
      • How to Handle Rising Interest Rates
      • Free Money from the Government
      • Bankruptcy Guide
      • Unclaimed Money in New Zealand
      • Financial Planning for Children With Disabilities
      • Should I Stop Contributing to KiwiSaver?
      • Teaching Kids About Money
      • Single Parenting and Money
      • How to Protect Your Finances from Inflation
      • Impacts of Inflation in New Zealand - 2022 and Beyond
      • Tips for Families on a Single Income
      • Side Hustles
      • Charities in New Zealand
      • Lending Money to Friends & Family
      • Guarantors - Loans and Mortgages
  • Trade & Professional Services
    • Auckland Trade & Professional Services
      • Acupuncture Auckland
      • Arborists Auckland
      • Asbestos Removal Auckland
      • Auto Electricians Auckland
      • Bathroom Renovations Auckland
      • Builders Auckland
      • Building Inspectors Auckland
      • Cabinet Makers Auckland
      • Car Detailing Auckland ​
      • Catering Auckland
      • Cattery Auckland
      • Chimney Sweep Auckland
      • Chiropractors Auckland
      • Cleaners Auckland
      • Computer Repair Experts Auckland
      • Concreters Auckland
      • Dentists Auckland
      • Dog Boarding Kennels Auckland
      • Dog Daycare Auckland
      • Dog Grooming Auckland
      • Dry Cleaners Auckland
      • Electricians Auckland
      • Eyelash Extensions Auckland
      • Firewood Auckland
      • Flooring Companies Auckland
      • Fridge Repair Auckland
      • Garage Door Repair Auckland
      • Glaziers Auckland
      • Graphic Design Auckland
      • Gutter Cleaning Auckland
      • Gym Memberships Auckland
      • Hair Salons Auckland
      • Heat Pump & AC Specialists Auckland
      • Home Security Systems Auckland
      • Korean BBQ Auckland
      • Land Surveyors Auckland
      • Landscapers Auckland
      • Lawn Mowing Services Auckland
      • Locksmiths Auckland
      • Mechanics Auckland
      • Makeup Artists Auckland
      • Naturopaths Auckland
      • Optometrists Auckland
      • Painters Auckland
      • Panel Beaters Auckland
      • Personal Trainers Auckland
      • Pest Control Auckland
      • Plumbers Auckland
      • Podiatrists Auckland
      • Puppy School Auckland
      • Roofing Auckland
      • Scaffolding Auckland
      • Screen Printing Auckland
      • Solar Panels Auckland
      • Quality Tyres Auckland
      • Wedding Car Hire Auckland
      • Wedding Celebrant Auckland
      • Wedding Photographers Auckland
      • Wedding Videographers Auckland
      • Window Tinting Auckland
    • Wellington Trade Services
      • Arborists Wellington
      • Bathroom Renovations Wellington
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The Best Retirement Income Products in New Zealand - Funds, Term Deposits and Bonds

Our definitive guide outlines the most popular retirement income products in New Zealand, including funds, term deposits, and bonds, to help supplement your NZ Super and secure your financial future.
Retirement Income Products NZ
Updated 17 April 2023
Summary:​
  • With financial markets experiencing sharp declines in the last few years, many investors are looking for alternative options that offer higher returns whilst reducing downside risk.
  • Additionally, with an increasing number of Kiwis getting close to retirement age, many will be reviewing their finances and figuring out whether they’ll have enough expected income to support themselves in retirement.
  • We receive many emails every week asking,"Should I invest in a fund or go with a term deposit - I can't afford to lose any capital but don't want to miss out on returns". As the cost of living crisis filters through all ages, retirees have few income-earning options.
  • While NZ Super payments help to contribute to the cost of living in retirement for many Kiwis, NZ Super alone usually isn’t enough income to meet all needs.
  • As a result, retirement income products (which we define as specialist funds and term deposits or similar) have become popular for those retirees looking to generate additional income. However, there are risks, pros and cons to each.

Our guide is designed to help you learn about trusted options  to make informed decisions for a comfortable retirement. We cover:
  • What are Retirement Income Products, and How Do They Work?
  • Which Types of Kiwis Benefit the Most from Income Products?
  • Understanding the Most Common Retirement Income Products in New Zealand
  • The Pros and Cons of Investing in Retirement Income Products
  • Must-Know Facts about Income Products
  • Frequently Asked Questions

MoneyHub Founder Christopher Walsh shares his views on income funds and other related options:

"Income-focused products such as retirement income funds, term deposits, and bonds are popular among retirees, risk-averse investors, and those with dependants. However, too many older New Zealanders lack certainty around retirement income - the products discussed in this guide aim to offer a stable income stream while being designed to preserve capital best".  

"However, there are many risks out there. Because generating an income from your investment is essential, please ensure you understand the risks and how you'll get your money back in any investment you make. In the past few years, many retirees have been lured into investments that sound like term deposits but are very different. Some advertising for property finance investments has led to action from the FMA".

"Please proceed carefully, and avoid making mistakes that are near-impossible to recover from. Always know exactly who you are investing with - legitimate investing companies don't chase you to send them money. In early 2023 there was a term investment scam heavily promoted over New Zealand - the results lost investors millions per this Fair Go story".
Christopher Walsh MoneyHub Founder
Christopher Walsh
MoneyHub Founder


Retirement Income Products Explained

What are Retirement Income Products, and How Do They Work?

Retirement income products are financial vehicles designed to provide a steady income during retirement. They're intended to supplement other retirement income sources such as NZ Super, rental income or personal savings you're comfortable spending. Retirement income products can either be invested in a single asset (such as cash) or in multiple different assets that generate income (such as a mix of equities, bonds and term deposits). Generally, a retirement income product pays income to investors based on the assets it holds.

What are the main types of retirement income products in New Zealand?

Because of the broad definition of retirement income products, many different investment vehicles are covered. However, if we assume that retirement income products are predominantly focused on generating income in retirement, these are the most common retirement income products in New Zealand:
  • Retirement Income Funds (also known as Retirement Investment Funds): These funds invest in a variety of assets that generate and distribute dividends, providing a regular income to supplement NZ Super etc. An example retirement income fund might look like this - 1) a small portion is invested in equities and properties, both domestically and internationally, whereas 2) a larger portion is invested in bonds and term deposits. Many different fund managers offer them - Fisher Funds, Mint and Milford Asset Management all being examples.
  • Term Deposits: These generate interest payments each month, quarter or whatever the agreement, paid into a nominated bank account or re-invested and compounded.
  • Bonds: Bonds generate a quarterly coupon payment e.g. a cash amount, although direct investing in bonds is less common among retirees.
  • Annuities: There aren’t many specific annuity programmes in New Zealand, and we don't expect to see any more established given a recent player (and New Zealand's largest provider) recently wound down their fund and replaced their guaranteed retirement income option with a simple service to calculate and monitor individual’s annuity factors.

Why do retirees prefer investing in income products?

Compared to other types of investments (like shares, ETFs or managed funds), retirement income products are specifically created to generate stable cash flow (in the form of either dividends, interest or income) for investors that need it.

Retirees are, arguably, most in need of stable income hence their general preference and desire to invest in income products in retirement. Retirees will generally be trading off higher potential returns than they would traditionally be getting if they invested in growth-oriented investments (like shares and growth funds) for stability and cash flow. Most retirees are happy to make this trade-off, given their essential need for income to supplement their ongoing costs.

Retirement Income Products Suitable Investors

Which Types of Kiwis Benefit the Most from Income Products?

Income products won't be ideal for all Kiwi investors, given there's generally less upside than long-term investments in growth funds. However, a few investor segments get the most benefit from income products: Retirees, risk-averse investors and Kiwis with dependants.

1. Retirees

​Because retirees have likely stopped working full-time, coupled with the earlier fact that NZ Super alone is likely not enough to meet most Kiwis' living costs, investing in income products that generate stable cash flow/income (through dividends or interest) on a monthly or quarterly basis are crucial to pay down essential expenses in retirement (such as food or utilities).

2. Risk-averse investors

Risk-averse investors are the type of investors that would prefer slow, steady, reliable gains compared to higher gains that are more uncertain. Due to this characteristic, many risk-averse investors are attracted to the stability of income products that usually invest more defensively (e.g. bonds, term deposits, cash or dividend shares). This stability, coupled with the high certainty of regular income payments, means income products are popular with more risk-averse Kiwis. 

3. Kiwis with dependants

Kiwis with dependants have obligations that go beyond just paying for themselves, e.g. providing for others who don't have an inherent ability to support themselves (think children or Kiwis with disabilities). With this responsibility to provide for someone else, Kiwis with dependants naturally invest more defensively. Additionally, not receiving an income or stable cash flow could be the difference between being able to afford life-saving treatments, medicine or other health needs. With this in mind, income products are an extremely attractive investment option for Kiwis with dependants that need to support their family's needs.

Retirement Income Products Suitable Investors

Understanding the Most Common Retirement Income Products in New Zealand

The three most common income products retired Kiwis choose to invest in are income investment funds, bonds, term deposits and specialist retirement income funds that consider your mortality to calculate an income to last a lifetime.

1. Income Investment Funds

Income investment funds are designed for those looking for a diversified income-focused investment option, offering a blend of fixed-income and equity investments. Income investment funds in New Zealand are generally closed-end mutual funds that focus on generating a steady income stream for investors. Income investment funds typically invest in multiple asset classes, including bonds, cash, and other fixed-income securities (although they sometimes include individual companies).

The goal of an income investment fund is to provide regular income payments to investors, such as dividends or interest payments, while also preserving capital. They may also offer exposure to equities, real estate, and other assets to help diversify the portfolio and provide the potential for long-term growth.

Income investment funds will typically not appreciate as much as other ETFs with a higher weighting to equities but will usually be far more defensive than individual stocks. Some of the most popular income funds in New Zealand include:
  • Fisher Income Fund
  • Devon Funds Diversified Income Fund
  • Superlife Income Fund
  • Milford Diversified Income Fund
  • Lifetime Retirement Income Fund
  • Squirrel Monthly Income Fund
  • Mint Diversified Income Fund
  • Harbour Income Fund
  • Nikko Asset Management Income Fund

Retirement Income Funds in Detail:

​Fund
​Minimum Investment
​Distribution Options
​Total Fees
Fisher Income Fund
$100 per month
No regular distribution options
However, regular withdrawals are available (minimum $100 each time). 

0.93% per annum
Devon Funds Diversified Income Fund
$10,000
Paid out quarterly (and can be reinvested)
Three fee types: 
  1. Management Fee (0.65% per annum + GST). 
  2. Trustee, custody and administration fee (Capped at 0.25% per annum plus GST). 
  3. Other Fund expenses - Abnormal or one-off costs, brokerage, all taxes that may be incurred by the Fund. 
No Entry, Exit, Switch or Performance Fees. 
Superlife Income Fund
No minimum
N/A
Total management and fund administration charges of 0.46% per annum of the fund’s Net Asset Value. 
Which are made up of:
  1. Manager’s basic fee (0.44% per annum). 
  2. Other management  And administration charges (0.02% per annum).
  3. Administration fee ($12 per annum). 
Milford Diversified Income Fund
$1,000
1.45 cents per unit (Quarterly)
Total Fund Fees of 0.85% per annum (includes an estimated performance fee). 
Total Fund Fees are broken down into: 
  1. Base Fund Fee  of 0.65% per annum. 
  2. Performance Fee Of 10% of the Fund's returns above the Benchmark, subject to the high watermark. 
Squirrel Monthly Income Fund
$100
Once per month. These distributions can be either reinvested or paid into your bank account
Total Management Fees of 1.70% per annum (including GST). 
This includes the service margin deducted by Squirrel at the platform level.
Mint Diversified Income Fund
$250 per month or a lump sum amount of $5,000
Distribution varies (no fixed distribution schedule)
Total Fund Fees of 0.92% per annum (Inclusive of GST).
Harbour Income Fund
Direct investment minimum for individual investors is $100,000
Monthly. Estimated distribution rate of 4% per annum
Estimated Fund Fees of 0.63% per annum (excluding GST).
Nikko Asset Management Income Fund
Minimum initial investment of $250
Quarterly. Distributions in four equal instalments (March, June, September and December). 
Defined distribution rate is set each year (2023 is currently set at 5.5% per annum)
Estimated Fund Charges of 0.80% per annum (including GST).
Lifetime Retirement Income Fund
Minimum initial investment amount is $25,000
Every fortnight or monthly (the same as NZ Super)
​Annual Management Fee of 1.35% per annum. This fee includes personalised annual income reviews.
*All figures included are in New Zealand Dollars unless stated otherwise.
**While every effort has been taken to ensure these fund fees and statistics are up to date, fund fees may change without notice. 

Understanding Lifetime Retirement Income

MoneyHub users have written to us to better understand Lifetime Retirement Income and the fund it operates, given its transformation from an annuity to an income fund. We answer the most common questions below:
  1. My understanding is that it just runs as a retirement income fund without an annuity or with any insurance provisions.
  2. What kind of fees are paid on Lifetime Income?
  3. My understanding is that I need to spend my own money. How much does it cost to do so?

To answer these questions:
  1. Lifetime Retirement Income offers a decumulation product, which is the natural next stage in an investor’s life cycle after they’ve spent their working life accumulating savings for retirement. Decumulation simply means the drawing down of savings over a calculated time horizon (generally the investor’s expected life span). In this way, Lifetime Retirement Income combines investment returns with a portion of the investor’s original capital to provide a stable retirement income. This requires careful management and regular oversight of an investor’s expected investment horizon. Lifetime calculates a unique annuity factor for each of its investors and then revisits it annually to make sure it remains accurate. The annuity factor is made up of the investor’s age, gender, tax rate and expected mortality. By applying the factor to the investor’s capital Lifetime Retirement Income can calculate how much capital and investment earnings can be drawn down each fortnight or 4-weekly to last a retiree (or couple) into their nineties.
  2. The fees on Lifetime Retirement Income are 1.35% per annum, and are made up of 1.00% for investment management and 0.35% for ongoing annual income monitoring. Lifetime Retirement Income’s fund is a Portfolio Investment Entity (PIE) investment so Lifetime pays PIE tax on the investor’s behalf at their Prescribed Investor Rate (PIR).
  3. Any money invested in Lifetime Retirement Income remains the investor’s. Lifetime does not penalise investors for withdrawing their money; they can make both partial and full withdrawals at any time, with no limit on the number of partial withdrawals allowed. However, there is a minimum balance that needs to be maintained to remain invested in the Lifetime Income fund (unless agreed otherwise). Withdrawals are generally paid within 30 days of submitting a withdrawal request.

Similar to other income funds, Lifetime Retirement Income focuses on downside risk as opposed to growth, targeting medium to long term gross return of 5.50% per annum and risk as measured by volatility of 7.50% per annum.

The Lifetime Retirement Income team has created an Income Calculator to model various scenarios that can impact potential income, including investment horizon and approach, age, gender and starting capital.. This can give you a good feel for how things might work if you choose to invest with Lifetime Retirement Income.

For more information, check out some relevant links here:
  • Lifetime Retirement Income Brochure/Marketing Information
  • Lifetime Retirement Income Product Disclosure Statement (PDS)
  • Lifetime Retirement Income Questionnaire
  • Lifetime Retirement Income Frequently Asked Questions

2. Term Deposits

Many retirees invest in term deposits. It's a popular option and provides certainty in both the return and the time your money is locked away. More details on term deposits can be found in our guides:
  • Compare the Best Term Deposit Rates in New Zealand
  • Compare PIE Term Deposits 
  • Term Deposit Calculator
  • Term Deposit Alternatives

Warning: Term deposits vs 'fixed return' investments
  • Many 'investment opportunities' have come to market in the past few years promising fixed returns well above what term deposits offer. These investments are not term deposits and you may lose your money.
  • Between 2006 and 2012, 60+ finance companies collapsed, taking retiree savings (and other investor money) with them. In recent years, there has been many firms offering 'wholesale investment' opportunities in property, promising high returns and then, in one case, being unable to pay the money back at the agreed time. This is after a series of FMA warnings about advertising the investments.
  • Anyone can promise high returns - knowing your money is safe and secure and will be returned is what matters. Any non-bank can promise "10% p.a, paid quarterly" or a "secured investment"; but they're not without risks. Too often, pensioners are caught out more than any other investor when a property finance company or something similar goes bust.

3. Bonds and Savings Accounts

More details on bonds, savings accounts and interest rates:
  • Compare Savings Accounts in New Zealand
  • Compare the Best Call Accounts in New Zealand
  • Interest Rates Guide
  • Compare Interest Rates
  • How to Buy and Sell Bonds
  • Buying New Zealand Corporate Bonds

Know This: How are retirement income products compared and benchmarked?

Similar to how actively managed ETFs benchmark to an index like the S&P 500 or NASDAQ, fund managers that create retirement income products will usually set a performance goal, usually either to beat a benchmark or, in some cases, a target such as the Consumer Price Index (CPI) plus 3%.

Fund managers will develop a target asset allocation for retirement income products that determine where the money will be invested, including income assets (cash and fixed interest) and growth assets (property and shares). Generally, these investments are diversified both domestically and internationally. Once the benchmark and asset allocation are set, any income received from investments is usually distributed to investors quarterly or monthly. Then, if desired, the income can be reinvested into the fund to improve the overall return.

The Lifetime Retirement Income Fund is different in that its asset allocation and performance are based on achieving the greatest probability of an investor’s income level lasting their lifetime. At the current settings Lifetime has in place, there is an 80% probability the income levels calculated on their website will remain unchanged for 30 years.

Retirement Income Products Pros and Cons NZ

The Pros and Cons of Investing in Retirement Income Products?

Pros

  • Provide a steady stream of income.
    Retirement income products are generally filled with bonds and other blue chip dividend-paying stocks that provide a steady income stream. This income can help retirees meet their daily expenses in addition to NZ Super without worrying about market volatility.
  • Less likely to experience substantial drawdowns (lower risk).
    Retirement income products can provide diversification to an investment portfolio, which can help reduce risk. A well-diversified portfolio can help retirees weather market fluctuations and ensure they have a stable income source. Additionally, compared to growth investments like stocks, retirement income products are generally considered lower risk than single-share investments. While returns may be lower, the risk of losing money is also lower, making income products a more stable investment choice for retirees.
  • Returns are likely to be more predictable and stable.
    ​Due to the types of investments that income products invest in, many income products offer predictable returns, which can help Kiwi retirees plan their budget and income needs accordingly. This predictability makes it easier for them to manage their expenses and maintain a comfortable lifestyle in retirement.

Cons

While there are some great benefits to investing in retirement income products, they also have their fair share of downsides:
  • Lower returns versus growth stocks.
    Retirement income products tend to provide lower returns compared to growth investments. However, because income products are designed to provide a steady income stream to retirees, this typically means that the investments themselves are more conservative and lower risk. While this  may be attractive for risk-averse people, it may not be ideal for those looking for higher returns to meet their retirement goals. The exception is Lifetime Retirement Income who calculate the maximum level of income which can be drawn down over a long period of time (25 - 30 years) using both capital and investment income.
  • Potentially high fees.
    Fees associated with retirement income products can be relatively high, which can eat into the returns. These fees include management fees, administration fees, and other charges, which may add up over time and impact the overall value of the investment.
  • Higher risk of negative real returns (return after factoring in inflation).
    ​
    Retirement income products may not provide as much growth as other investments, such as equities or property. This means that the investments may not keep pace with inflation, which can erode the purchasing power of the income generated. As a result, it’s important to balance the need for a steady income with the need for growth to ensure that the investment portfolio provides enough income to last through retirement. The Lifetime Retirement Income Fund includes an option to inflation adjust income levels. Income levels are lower in the early years of retirement then increase each years in line with a predetermined and monitored long term inflation factor.

Retirement Income Products Must-Know Facts

Must-Know Facts about Income Products

1. Income funds aren't the same as bank term deposits but have a similar purpose.

It's important to understand that income funds are not similar to bank term deposits (or government bonds). However, while income funds are more complex and sophisticated in their structure, they do fulfil the same need. Over the past few years, income funds have performed well, partly due to investments in shares.

Know This: Investing in income funds also involves some risk, as the value of your capital may fluctuate and even decrease during negative market conditions, which is not the case with traditional bank deposits. But if you have a long-term investment horizon and can tolerate some volatility, then an income fund may be a good option.

2. Just because an income fund targets a certain return doesn’t mean it will always pay that amount out.

The final return from an income fund is not guaranteed, and the value of the investment may change as market conditions vary. Despite this, with careful evaluation of your finances, investing in an income fund may offer the potential to outperform low-interest rates.

3. Buying in and selling out of income funds may take longer than investing in ETFs through share trading platforms.

Because income funds are generally actively managed and packaged as products rather than traded as ETFs, they generally have less liquidity than funds traded on public stock exchanges. This lack of liquidity can mean that there’s a lag between when you want to buy/sell out of an income fund and when you receive your funds. 

Retirement Income Products Frequently Asked Questions NZ

Frequently Asked Questions

I've invested in individual shares and have just hit retirement age. I'm far more comfortable investing in shares - is it mandatory to invest in a retirement income product in New Zealand?

No, investing in a retirement income product in New Zealand is not mandatory. The decision to invest in a retirement income product is personal and should be based on your circumstances and retirement goals.

Can I withdraw my money from a retirement income product?

​The ability to withdraw money from a retirement income product will depend on the specific product and the terms of the investment. For example, some products, such as annuities, have penalties for early withdrawals, while others may have more flexible withdrawal options. 

Can I change my retirement income product?

​The ability to change a retirement income product will depend on the specific product and the terms of the investment. For example, some products may restrict changes or transfers, while others may be more flexible.

Related Guides:
  • ​How to Maximise Income in Retirement
  • Compare the Best Term Deposit Rates in New Zealand
  • Compare PIE Term Deposits 
  • Term Deposit Calculator
  • Term Deposit Alternatives
  • Compare Savings Accounts in New Zealand
  • Compare the Best Call Accounts in New Zealand
  • How to Buy and Sell Bonds
  • Buying New Zealand Corporate Bonds
  • Best Managed Funds
Financial Independence Guides:
  • Retirement in a Nutshell
  • FIRE Explained
  • Five Types of FIRE Plans
  • Getting FIRE’d in New Zealand
  • FIRE and NZ Real Estate
  • Achieving Financial Independence, Faster

Financial Independence Tools:
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  • 50/30/20 Budget Calculator
  • Budget Planner
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  • Search
  • Investing
    • Investing Platforms
      • Reviews
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      • Comparisons
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        • Comparing Sharesies vs Investnow vs Hatch vs Jarden Direct and more
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    • Alternative Investments and Trading
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        • Other Coins
          • How to Buy Ripple in New Zealand
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  • Loans & Finance
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  • Insurance
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    • Life & Health Insurance
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        • Life Insurance Policy Comparison - Cigna vs AIA vs Asteron Life vs Fidelity vs Westpac vs Partners Life
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      • Health Insurance
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  • Credit Cards
    • Best Credit Cards
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      • ANZ vs AMEX vs Kiwibank vs Westpac Platinum Airpoints Credit Cards
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    • Balance Transfer Credit Cards
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    • Reviews
      • American Express Credit Cards Review
        • American Express Airpoints Platinum Review
        • American Express Gold Rewards Card Review
        • AMEX Comparison - Airpoints Platinum vs Gold Rewards
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        • American Express Platinum Card Review
        • American Express Membership Rewards Program Review
        • AMEX Cardholder Feedback
        • The Best Ways to Spend AMEX Membership Rewards Points
        • Qantas Credit Cards
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        • RewardPay Review
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    • Other Credit Cards
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      • Wise Debit Card Review
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      • Revolut vs Wise - Which Is Better?
      • Travelex Money Card vs Wise Debit Card Comparison
      • OneSmart Card vs Wise Debit Card Comparison
      • Cash Passport vs Wise Debit Card Comparison
      • Best Foreign Currency Debit & Credit Cards
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      • Q Card & Q Mastercard Review
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  • Banking & Savings
    • Banking
      • Best Bank Accounts
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      • International Money Transfers
      • Open an Australian Bank Account from New Zealand
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    • Savings
      • Best Term Deposits
      • Booster Savvy Review
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    • Guides and Resources
      • Banks vs Credit Unions
      • Open Banking Guide
      • NZ Bank Prefix Codes
    • Reviews
      • Wise International Money Transfer Review
      • Heartland Bank Review
      • First Credit Union Review
      • NZCU Baywide Review
      • The Co-operative Bank NZ Review
      • Western Union Review
  • Mortgages
    • Mortgage Essentials
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      • Revolving Credit Mortgages
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      • Fixed vs Floating Mortgage Rate Calculator
      • Understanding Interest Rate Swaps
      • What is the OCR?
    • Alternative Mortgage Options
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      • First Home Loan Guide
      • Reverse Mortgages
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      • Amortisation Calculator
      • Mortgage Break Fees
      • Defaulting on a Mortgage
      • High Deposit Mortgages
      • Negative Equity
      • How to Manage Higher Mortgage Payments
      • Mortgage Refinance Calculator
    • Mortgage Brokers
      • Mortgage Brokers Explained
      • Trusted Auckland Mortgage Brokers
      • Trusted Hamilton Mortgage Brokers
      • Trusted Mortgage Brokers in Tauranga
      • Trusted Mortgage Brokers in Napier and Hastings
      • Trusted Mortgage Brokers in Wellington
      • Trusted Mortgage Brokers in Christchurch
    • Buying a Home
      • First Home Buyers Checklist
      • Home Buying Glossary
      • Best House Price & Valuation Websites in New Zealand
      • New Zealand Property Types
      • Rateable Value vs Market Value
      • Leasehold Property Guide
      • Conveyancing vs Lawyers
      • Buying an Apartment in New Zealand
      • Buying vs Renting a House
    • Selling a Home
      • How to Sell Your House Privately
      • Real Estate Agent Fees
      • Bridging Finance
    • Property Investment
      • Investment Property Mortgages
      • Renting Directly to Tenants vs Using an Agent
    • Building a House
      • Average Building Cost Per Square Metre
      • Cost to Build a New House
      • Buying Land to Build a House
      • Construction Loans
      • Tiny Homes in New Zealand
  • KiwiSaver
    • KiwiSaver Basics
      • Our Favourite KiwiSaver Funds
      • Is KiwiSaver Safe?
      • Choosing a KiwiSaver Fund
      • Choosing Your KiwiSaver Scheme
      • Balanced vs Moderate vs Growth KiwiSaver Funds - What is right for me?
      • KiwiSaver Must-Know Facts
      • Opting out of KiwiSaver
      • What Do I Do With My KiwiSaver When I Retire?
      • KiwiSaver Withdrawal
      • Switching KiwiSaver Funds
      • KiwiSaver Robo and Digital Advice Tools
      • Ethical Kiwisaver Funds
      • KiwiSaver Private Equity Investments
    • KiwiSaver Contributions & Tax
      • Your KiwiSaver Contributions
      • KiwiSaver Contributions - Gross or Net?
      • Employer KiwiSaver Contributions
      • Government KiwiSaver Contributions
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      • Voluntary Contributions
      • What's My PIR?
      • KiwiSaver and Tax
    • KiwiSaver for Life Events and Specific Situations
      • Average KiwiSaver Balance by Age
      • KiwiSaver First-Home Withdrawal
      • KiwiSaver First Home Grant Guide
      • KiwiSaver Hardship Applications
      • KiwiSaver in a Divorce or Separation
      • KiwiSaver for Kids
    • KiwiSaver Schemes
      • Amanah KiwiSaver Scheme
      • AMP KiwiSaver Scheme
      • ANZ KiwiSaver Scheme
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      • AON KiwiSaver Scheme
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      • Fisher Funds KiwiSaver Scheme
      • Generate KiwiSaver Scheme
      • InvestNow KiwiSaver Scheme
      • JUNO KiwiSaver Scheme
      • Kernel KiwiSaver Review
      • Kiwi Wealth KiwiSaver Scheme
      • kōura Wealth KiwiSaver Review
      • Lifestages KiwiSaver Scheme
      • MAS KiwiSaver Scheme
        • MAS Review
      • Mercer KiwiSaver Scheme
      • Milford KiwiSaver Plan
      • New Zealand Defence Force KiwiSaver Scheme
      • Nikko AM KiwiSaver Scheme
      • Pathfinder KiwiSaver Review
      • QuayStreet KiwiSaver Scheme
      • Simplicity KiwiSaver Review
      • Summer KiwiSaver Scheme
      • SuperLife Review
      • Westpac KiwiSaver Scheme
    • KiwiSaver Calculators
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  • Business
    • Compare Business Loans
      • Business Line of Credit
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      • Small Business Loans
      • Operating Leases
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      • Operating Leases vs Financing Leases
      • Prospa Business Loans Review
      • Bizcap Business Loans Review
    • Business Insurance
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    • Business Credit Cards
    • Business Essentials
      • Money Saving Tips For Businesses
      • Get Debtors to Pay Overdue Invoices
      • Working Capital
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      • Can't Make Payroll Guide
      • Buying out a Business Partner
      • Business Brokers
    • Business Calculators
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      • ROI Calculator
      • IRR Calculator
      • Internal Rate of Return
      • Percent Off Calculator
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    • Online Services
      • Domain Names
      • Trusted Web Designers
        • Auckland Web Designers
        • Hamilton Web Designers
        • Wellington Web Designers
        • Christchurch Web Designers
        • Tauranga Web Designers
        • Lower Hutt Web Designers
        • Dunedin Web Designers
      • Digital Identity Programs and Online Verification Tools
      • Social Media Influencer Marketing
      • PayPal NZ Account Fees
      • Paypal vs Stripe Review
      • Hnry Review
      • n3 Trade Card Review
      • Plain English Awards
    • For Startups
      • How to Start a Business in New Zealand
      • Raising Capital
      • Product Market Fit
      • Crowdfunding vs Bank Financing
      • Blackbird vs Movac
      • How to Become an Angel Investor
      • How to Raise Money from Angel Investors
      • Alternatives to VC Funding
      • Hiring for a Startup
      • VCFO (Virtual CFO)
      • New Zealand Startup and Founder Incubators
      • Expanding Offshore
      • New Zealand Invoice Template
      • Business Podcasts
  • MSD
    • Navigating Work and Income Benefits
    • Jobseeker Support Benefit Rates 2023 and 2024
    • Jobseeker Support Guide
    • Accommodation Supplement Guide
    • Disability Allowance
    • MyMSD
    • Community Services Card
    • Hardship Assistance - Urgent Costs and Living Expense Assistance
    • Loans for Unemployed
    • Working for Families Guide
    • Childcare Subsidies in New Zealand
    • NZ Superannuation in a Nutshell
    • Superannuation Rates 2023
    • Government Departments Helping New Zealanders Directly
    • COVID-19 Help
    • Food Grants Guide
    • Food Banks Directory
      • Food Banks Auckland
      • Food Banks Northland
      • Food Banks Hamilton Waikato
      • Food Banks Wellington
      • Food Banks Christchurch
  • Motoring
    • Buying and Selling a Car
      • Car Valuations
      • Buying a Used Car
      • Selling a Car
      • CarJam Review
      • CarJam vs MotorWeb Car Report Comparison
      • Top Cars that Hold Their Value
      • Vehicle Leasing
      • Car Registration in New Zealand
    • Everyday Driving
      • Costs of Owning a Car
      • 20 Ways to Make Driving Cheaper
      • Gaspy App Review
      • Parking Tickets
      • AA Membership Review
      • Best Car Batteries
      • Best Electric Cars
    • Warrant of Fitness
      • Guide to Warrant of Fitness
      • Warrant of Fitness Auckland
      • Warrant of Fitness Hamilton
      • Warrant of Fitness Tauranga
      • Warrant of Fitness Lower Hutt
      • Warrant of Fitness Wellington
      • Warrant of Fitness Christchurch
      • Warrant of Fitness Dunedin
  • Law
    • Wills Guide
    • Separation Agreements
    • Prenuptial Agreements
    • Divorce Guide
    • Trusts Guide
    • Enduring Power of Attorney Guide
    • Living Wills Guide
    • Probate
    • Agreeable Review
    • Footprint Online Wills Review
    • Perpetual Guardian
  • Job Hunting
    • Job Applications
      • CV Templates & Tips
      • Cover Letters
      • Common Interview Questions
    • Guides & Resources
      • How to Improve Your LinkedIn Profile
      • Part-Time Jobs Guide
      • Redundancy Payouts and Entitlements
      • How to Get Promoted
      • Self-Employment Guide
      • Workplace Bullying
    • Recruitment Agencies
      • Recruitment Agencies Auckland
      • Recruitment Agencies Wellington
      • Recruitment Agencies Christchurch
  • Travel
    • How to Get Access to Airport Lounges
    • Flybuys Review
    • Fastest Way To Earn Air NZ Status Points
    • How to Redeem Air New Zealand Airpoints Dollars
    • Air New Zealand Koru Membership Review
    • Air New Zealand Travel Tips
    • Air NZ Upgrade Guide
    • Airpoints Flexipay Guide
    • No Nonsense Upgrade Guide
    • Cheap Domestic Flights
    • Car Rental Hire
    • Auckland Airport Car Parking
    • First Table Guide
    • Accor Plus Review
    • Queenstown Like a Local
    • Auckland Travel for Less
    • Hotel Booking Sites Compared
    • 100+ Free Things to do in Auckland
    • Layby Flights Guide
    • Airbnb Refunds (Coronavirus)
    • Air New Zealand Refunds & Credits
    • Google Flights Guide
    • Skyscanner Guide
    • Working Holiday Visas
    • Currency Converter
    • Qatar Airways Travel Tips
    • Foreign Currency Exchange
      • Australian Dollars Exchange Rate
      • American Dollars Exchange Rate
      • British Pound Exchange Rate
      • Canadian Dollars Exchange Rate
      • Euro Exchange Rate
      • Fijian Dollars Exchange Rate
      • Hong Kong Dollar Exchange Rate
      • Korean Won Exchange Rate
      • Indian Rupee Exchange Rate
      • Japanese Yen Exchange Rate
      • Malaysian Ringgit Exchange Rate
      • South African Rand Exchange Rate
      • Singapore Dollars Exchange Rate
      • Thai Baht Exchange Rate
      • Chinese Yuan Exchange Rate
  • Broadband
    • Compare Broadband Plans
    • No Contract Broadband
    • Rural Broadband Plans
    • Internet Speed Test
    • Broadband Provider Reviews
      • 2degrees Broadband Review
      • Bigpipe Broadband Review
      • Compass Broadband Review
      • Contact Broadband Review
      • Electric Kiwi Broadband Review
      • Farmside Broadband Review
      • Flip Broadband Review
      • Mercury Broadband Review
      • MyRepublic Broadband Review
      • NOW Broadband Review
      • One NZ Broadband Review
      • Orcon Broadband Review
      • Spark Broadband Review
      • Skinny Review
      • Slingshot Broadband Review
      • Starlink Review
      • Voyager Broadband Review
      • Wireless Nation Broadband Review
  • Power
    • Compare Power Companies
    • Power and Broadband Bundles
    • How to Lower Your Power Bills
    • Fixed Contracts vs Open Power Plans – What You Need to Know
    • Electric Vehicle Power Plans
    • How to Use Less Power
    • Power Companies
      • Contact Energy Review
      • Ecotricity Review
      • Electric Kiwi Review
      • Flick Electric Review
      • Frank Energy Review
      • Genesis Energy Review
      • Globug Review
      • Mercury Review
      • Meridian Energy Review
      • Nova Energy Review
      • Powershop Review
      • Z Energy Power Review
  • Financial Independence
    • FIRE Guides
      • Retirement in a Nutshell
      • How to Retire Early
      • FIRE Explained
      • The Four Percent Rule
      • Achieving Financial Independence, Faster
      • Five Types of FIRE Plans
      • Getting FIRE’d in New Zealand
      • FIRE and NZ Real Estate
    • FIRE Tools
      • Budgeting Apps
      • Debt Repayment Apps
      • Free Financial Literacy Classes
      • Free Financial Products
      • 50/30/20 Budget Calculator
      • Budget Planner
    • Tax
      • Beginner's Guide to Tax
      • Salary Sacrifice in New Zealand
      • Tax Bracket Creep
      • Tax Refunds
    • Money Tips
      • 20 Things to Stop Buying to Have More Money
      • 20 Indicators You're Doing Well Financially
      • 20 Must-Know Money Lessons (Learned From Experience)
      • 20 Money Habits that Keep You Poor
      • Saving on Household Bills
      • Debt Help
      • CAP (Christians Against Poverty) Review
      • Debtfix Review
      • Getting into Debt to Meet Short Term Living Costs
      • How to Survive a Recession
      • Average NZ Salary by Age
      • How to Maximise Income in Retirement
      • How to Handle Rising Interest Rates
      • Free Money from the Government
      • Bankruptcy Guide
      • Unclaimed Money in New Zealand
      • Financial Planning for Children With Disabilities
      • Should I Stop Contributing to KiwiSaver?
      • Teaching Kids About Money
      • Single Parenting and Money
      • How to Protect Your Finances from Inflation
      • Impacts of Inflation in New Zealand - 2022 and Beyond
      • Tips for Families on a Single Income
      • Side Hustles
      • Charities in New Zealand
      • Lending Money to Friends & Family
      • Guarantors - Loans and Mortgages
  • Trade & Professional Services
    • Auckland Trade & Professional Services
      • Acupuncture Auckland
      • Arborists Auckland
      • Asbestos Removal Auckland
      • Auto Electricians Auckland
      • Bathroom Renovations Auckland
      • Builders Auckland
      • Building Inspectors Auckland
      • Cabinet Makers Auckland
      • Car Detailing Auckland ​
      • Catering Auckland
      • Cattery Auckland
      • Chimney Sweep Auckland
      • Chiropractors Auckland
      • Cleaners Auckland
      • Computer Repair Experts Auckland
      • Concreters Auckland
      • Dentists Auckland
      • Dog Boarding Kennels Auckland
      • Dog Daycare Auckland
      • Dog Grooming Auckland
      • Dry Cleaners Auckland
      • Electricians Auckland
      • Eyelash Extensions Auckland
      • Firewood Auckland
      • Flooring Companies Auckland
      • Fridge Repair Auckland
      • Garage Door Repair Auckland
      • Glaziers Auckland
      • Graphic Design Auckland
      • Gutter Cleaning Auckland
      • Gym Memberships Auckland
      • Hair Salons Auckland
      • Heat Pump & AC Specialists Auckland
      • Home Security Systems Auckland
      • Korean BBQ Auckland
      • Land Surveyors Auckland
      • Landscapers Auckland
      • Lawn Mowing Services Auckland
      • Locksmiths Auckland
      • Mechanics Auckland
      • Makeup Artists Auckland
      • Naturopaths Auckland
      • Optometrists Auckland
      • Painters Auckland
      • Panel Beaters Auckland
      • Personal Trainers Auckland
      • Pest Control Auckland
      • Plumbers Auckland
      • Podiatrists Auckland
      • Puppy School Auckland
      • Roofing Auckland
      • Scaffolding Auckland
      • Screen Printing Auckland
      • Solar Panels Auckland
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