MoneyHub NZ
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      • Comparisons
        • Best Investment Apps
        • Kernel vs Sharesies
        • Sharesies vs Hatch vs Stake
        • Kernel vs Smart
        • Hatch vs Stake
        • Hatch vs Tiger Brokers
        • Sharesies vs Tiger Brokers
        • Stake vs Tiger Brokers
        • Comparing Sharesies vs Investnow vs Hatch vs Invest Direct and more
        • How Do I Start Investing?
        • Virtual Stocks and Shares Trading Games
      • Guides
        • How to Invest in Shares
        • Investing 101
        • 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
        • How to Invest in the NASDAQ from New Zealand
        • US Extended Hours Trading Explained
        • 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 the ASX from New Zealand
        • Investing in Asian Markets from New Zealand
        • Understand Gross vs Net
        • How to Attend the 2026 Berkshire Hathaway Annual Shareholders Meeting
    • Introduction to Investing
      • Guides
        • Index Funds
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        • How to Invest Regularly
        • Passive Investing vs Active Investing
        • Investments You Can Own Forever
        • Investing Mistakes
        • Investing in the S&P 500 from New Zealand
        • Shares vs ETFs
        • Shares vs Property Investment
        • Dollar Cost Averaging Guide
        • Margin Lending and Loans Explained
        • Borrowing to Invest in Property, Shares or Funds
        • Passive Income Strategies
        • How Wealthy New Zealanders Invest Their Money
        • 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
        • Investment Strategies for the Time-Poor
        • Advanced Trading Concepts
        • New and Emerging Investment Opportunities and Trends
      • Young People and Investing
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        • 10 Popular Investments for Young New Zealanders
        • Sharesies Kids Accounts Review
        • SquareOne Review
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      • Investing Calculators
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    • Managed Funds, Tax & DIY Investing
      • Guides
        • Our Favourite Managed Funds
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          • Pathfinder Managed Funds Review
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        • Bank Credit Ratings
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        • Bright-Line Test
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        • Managing Offshore Investments for Returning New Zealanders and Migrants
        • How to Buy and Sell Bonds
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        • Trading in a Nutshell
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        • Jasper Review
        • Investing & Personal Finance Podcasts
        • Emergency Funds
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        • How to Take Income from Investments
        • 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
        • Squirrel Review
        • Sharesight Review
        • New Zealand Financial Markets Authority (FMA)
      • Calculators
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    • Alternative Investments and Trading
      • Reviews
        • BlackBull Markets Review
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        • Plus500 Review
        • IG Review
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        • CMC Markets vs Plus500 vs IG Markets vs BlackBull Markets
      • Guides
        • How to Invest in Gold
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        • Forex Trading Guide
          • Forex Trading Platforms Comparison
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        • Futures Trading
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      • Cryptocurrency
        • Reviews
          • Swyftx Review
          • Binance Review
          • Independent Reserve Review
          • eToro Review
          • Coinbase Review
          • Vault International Bitcoin Fund Review
          • NZDD Review
        • Guides
          • How to Buy Bitcoin in New Zealand
          • Beginner's Guide to Bitcoin and Blockchain
          • Stablecoins
          • Guide to NFTs
          • Bitcoin Wallet Guide
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          • 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
    • Best Personal Loans
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      • Tools & Calculators
        • Personal Loan Calculator
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      • Lender Reviews
        • Harmoney Loans Review
        • Nectar Review
        • Avanti Finance Review
        • Money Sweetspot Review
        • Save My Bacon Review
      • Credit Health
        • How to Build Credit in New Zealand
        • Credit Scores and Credit Checks
        • Interest Rates Guide
        • Interest Rate Comparison
      • Buy Now Pay Later Apps
        • Afterpay Review
        • Laybuy Review
        • Humm Review
        • Zip Review
    • Best Car Finance
      • Loan Types
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      • Tools & Calculators
        • Car Finance Calculator
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      • Resources
        • Car Finance Documents Checklist
        • Car Dealership Finance vs Alternatives
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        • Car Loans and Collateral
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        • Paying Cash for a Car vs Car Finance
        • Balloon Payments
        • Car Loan Brokers vs Direct Car Finance
      • Car Finance Company Reviews
        • Simplify Loans Review
        • Simplify Car Loans - Real Customer Reviews & Facts
        • Better Car Loans - Real Customer Reviews & Facts
        • Toyota Finance Review
        • Mazda Finance Review
        • MTF Finance Review
        • Simplify vs MTF vs UDC vs Heartland
        • AA Money Review
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        • Kiwi Car Loans Review
        • Lending People Review
        • Driva Car Loans Review
      • Car Finance Add-On Insurance
        • Compare Mechanical Breakdown Insurance
        • GAP (Guaranteed Asset Protection Insurance) Insurance
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  • Car, Home & Pet Insurance
    • Overview
    • Car Insurance
      • Car Insurance by Vehicle
        • Compare Toyota Aqua Insurance Costs
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      • Reviews & Policy Comparisons
        • AMI vs AMP vs AA Insurance vs Cove vs State vs Tower vs Trade Me Insurance
        • Cove Car Insurance Review
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        • Car Insurers Directory
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    • Home & Contents Insurance
      • House Insurance
      • House Insurance Calculator
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      • MAS House Insurance - Real Customer Reviews & Facts
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      • Average Cost of Car, House, and Contents Insurance
      • Insuring Old Houses
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      • Dental Insurance and Dentist Plans
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      • Insurance Company Financial Strength Ratings
      • Motorbike Insurance
      • Initio Review
        • Sum Insured Explained
    • Pet Insurance
      • Is Pet Insurance Worth Buying?
      • Cat and Dog Desexing
      • Getting a Kitten
      • Buying a Puppy
      • Pet Euthanasia
      • Vet Costs in New Zealand
      • Dog Vaccination Schedule and Costs
      • Costs of Owning a Cat
      • Costs of Owning a Dog
    • Business Insurance
      • Public Liability Insurance
      • Professional Indemnity Insurance
      • Business Interruption Insurance
      • ACC CoverPlus Extra (CPX) Explained
      • Co-Shareholder Insurance Cover
    • Find a Broker
      • Trusted Insurance Brokers in Wellington
      • Trusted Insurance Brokers in Christchurch
  • Life & Health Insurance
    • Compare Life Insurance
      • Life Insurance Calculator
      • Life Insurance Policy Comparison - Cigna vs AIA vs Asteron Life vs Fidelity vs Westpac vs Partners Life
      • Life Insurance Explained (Videos)
      • Stepped vs Level Life Insurance
      • Life Insurance Claims Statistics
      • 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
      • AIA Vitality Review
    • Health Insurance
      • Health Insurance Explained (Videos)
      • Health Insurance Benefits and Limits Compared by Insurer
      • How Many New Zealanders Have Health Insurance?
      • Southern Cross Health Insurance Alternatives
      • ACC Claims Statistics
      • Pharmac Explained & Annual Review
      • Going to Australia for Medical Treatment
      • Dental Costs
      • BMI Calculator New Zealand
    • Income Protection Insurance
      • Income Protection Insurance for Self-Employed
      • ACC vs Income Protection Insurance
      • Income Protection Insurance Claims Statistics
      • Income Protection Insurance Explained (Videos)
    • Trauma Insurance
    • Mortgage Insurance
    • Redundancy Insurance
    • Funeral Insurance
  • Travel Insurance
    • Top Destinations
      • Australia Travel Insurance
      • USA Travel Insurance
      • Bali Travel Insurance
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      • Japan Travel Insurance
      • UK Travel Insurance
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      • Canada Travel Insurance
      • Other Destinations
        • Asia
          • China Travel Insurance
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        • Europe
          • France Travel Insurance
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        • Americas & Africa
          • Peru Travel Insurance
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    • Pre-Existing Medical Conditions Travel
    • Over 70s Cover
    • Annual Multi-Trip Travel Insurance
    • Cruise Travel Insurance
    • Southern Cross Travel Insurance Review
    • Specific Risk Cover
      • Do I Need Travel Insurance?
      • Travel Insurance for Unexpected Events
      • Pregnancy Travel Insurance
    • Travel Insurer Reviews
      • Southern Cross vs CoverMore vs Allianz
      • Southern Cross Travel Insurance - Real Customer Reviews and Facts
      • 1Cover vs Southern Cross vs AA Travel Insurance
      • Allianz Travel Insurance - Real Customer Reviews and Facts
      • AMI Travel Insurance Review
      • State Travel Insurance Review
    • Essential Information
      • Basic vs Comprehensive Travel Insurance
      • Health Insurance vs Travel Insurance
      • AMEX Airpoints Platinum Travel Insurance Review
      • ACC vs Travel Insurance
      • Australia NZ Reciprocal Health Care Agreement
      • Travel Insurance Excess Explained
      • Claiming on Travel Insurance
      • How to Renew a New Zealand Passport
      • What is TAANZ?
      • Travel Packing List
      • Travel Insurers Directory
      • Travel Insurance Glossary
      • Our Travel Insurance Resources
  • Credit Cards
    • Best Credit Cards
    • Rewards and Cashback Credit Cards
    • Air New Zealand Airpoints Credit Cards
      • ANZ Airpoints Visa Platinum vs AMEX Airpoints Platinum
      • Westpac Airpoints Platinum Mastercard vs AMEX Airpoints Platinum
      • ANZ vs AMEX vs Westpac Platinum Airpoints Credit Cards
      • Kiwibank Airpoints Cards Have Ended – Best Replacement Options
      • BNZ Advantage Credit Cards Are Changing (Not Good News) – Best Replacement Options
    • The Best American Express Credit Cards
    • Credit Cards That Earn Business Class Flights
    • Platinum and Gold Credit Cards
    • Frequent Flyer Credit Cards
    • Travel Credit Cards
    • Credit Cards That Provide Travel Insurance
    • Balance Transfer Credit Cards
    • Interest Free Credit Cards
    • Virtual Debit and Credit Cards
    • Best Foreign Currency Debit & Credit Cards
    • Free Credit Cards
    • Low Interest Credit Cards
    • Credit Cards for Bad Credit
    • Guides & Tools
      • Pay Off Credit Card Debt
      • Credit Card Basics
      • Credit Card Minimum Payments Explained
      • Mastercard vs Visa
      • Credit Card Interest Calculator
      • Credit Card Debt Amortisation Calculator
      • How to Request a Credit Card Chargeback
    • Other Airline Credit Cards
      • Q Card & Q Mastercard Review
      • GEM Visa Review
  • Travel Money Cards
    • Travel Money Card Reviews and Comparisons
      • 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
    • Travel Money By Country
      • Top Travel Destinations Where the NZD is Strong Right Now
      • Australia Travel Money
      • Bali Travel Money
      • Canada Travel Money
      • China Travel Money
      • Europe Travel Money
      • Fiji Travel Money
      • Japan Travel Money
      • Rarotonga Travel Money
      • Singapore Travel Money
      • South Korea Travel Money
      • Thailand Travel Money
      • USA Travel Money
      • UK Travel Money
      • United Arab Emirates Travel Money
  • Banking & Savings
    • Banking
      • Best Bank Accounts
      • Best Debit Cards
      • Best Joint Bank Accounts
      • Kids Bank Accounts
      • Cut Overdraft Costs
      • Open an Australian Bank Account from New Zealand
      • Open a UK Bank Account from New Zealand
      • Open a USD Bank Account from New Zealand
      • Sending Money to Australia
    • Savings
      • Best Term Deposits
      • Best Notice Saver Accounts
      • Booster Savvy Review
      • Booster Savvy Analytics Review
      • Best PIE Term Deposits
      • Best Call Accounts
      • Wedge Review
      • Best Savings Accounts
      • Term Deposits vs Cash Funds
      • Term Deposit Alternatives
    • Guides and Resources
      • Banks vs Credit Unions
      • Open Banking Explained
      • NZ Bank Prefix Codes
    • Reviews
      • Wise 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
      • Interest Rate Predictions 2026 & 2027
      • How Much Can I Borrow?
      • Debt to Income Ratios
      • Debt to Income Calculator
      • 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
    • Mortgage Management
      • Self-Employed Mortgage Applications
      • Interest Rate Strategies
      • Saving for a House Deposit
      • Saving for a House Deposit as a Young Professional
      • Top 10 Areas for First Home Buyers 2025
      • Buying a Home with Family and Friends
      • Pay Off Your Mortgage Faster
      • Mortgage Overpayment Calculator
      • What To Do if You Bought a House at the Peak of the New Zealand Market
      • Remortgaging Guide
      • Mortgage Relief and Holidays
      • Amortisation Calculator
      • Mortgage Break Fees & Calculator
      • Defaulting on a Mortgage
      • High Deposit Mortgages
      • Negative Equity
      • How to Manage Higher Mortgage Payments
      • Mortgage Refinance Calculator
    • Mortgage Brokers
      • Mortgage Brokers Explained
      • Auckland Mortgage Brokers
      • Whangerei Mortgage Brokers
      • Hamilton Mortgage Brokers
      • Tauranga Mortgage Brokers
      • Napier and Hastings Mortgage Brokers
      • Palmerston North Mortgage Brokers
      • Rotorua Mortgage Brokers
      • Gisborne Mortgage Brokers
      • Taupo Mortgage Brokers
      • Whanganui Mortgage Brokers
      • New Plymouth Mortgage Brokers
      • Wellington Mortgage Brokers
      • Wairarapa Mortgage Brokers
      • Kapiti Mortgage Brokers
      • Nelson Mortgage Brokers
      • Blenheim Mortgage Brokers
      • Christchurch Mortgage Brokers
      • West Coast Mortgage Brokers
      • Dunedin Mortgage Brokers
      • Queenstown Mortgage Brokers
      • Wanaka Mortgage Brokers
      • Invercargill Mortgage Brokers
      • LifeDirect Mortgages Review
    • Buying a Home
      • First Home Buyer Guide
      • 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
      • Every Tax Deduction Property Investors Can Claim
      • Trusts vs LTCs vs Companies
      • Investment Property Mortgages
      • 20 Property Investment Risks You Can't Ignore
      • Renting Directly to Tenants vs Using an Agent
      • Interest Deductibility Changes
    • Building a House
      • NZCB Review
      • 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
      • Best Performing KiwiSaver Funds
      • KiwiSaver Switching Explained
      • KiwiSaver Statistics Explained
      • Milford vs ANZ KiwiSaver Growth Funds Comparison
      • Free $260.72 Government Money for KiwiSaver
      • Is KiwiSaver Safe?
      • Choosing a KiwiSaver Fund
      • How Aggressive Should KiwiSaver Be
      • 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
      • Merging KiwiSaver and Australian Super Balances
      • 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
      • KiwiSaver First-Home Withdrawal
      • KiwiSaver First Home Grant Guide
      • KiwiSaver Hardship Applications
      • KiwiSaver in a Divorce or Separation
      • KiwiSaver for Kids
      • Feijoa Review
    • KiwiSaver Schemes
      • 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
      • Pie KiwiSaver Scheme Review
      • Kernel KiwiSaver Review
      • Kernel KiwiSaver Plan vs Superlife KiwiSaver Scheme
      • Kiwi Wealth KiwiSaver Scheme
      • kōura Wealth KiwiSaver Review
      • SBS Wealth KiwiSaver Scheme Review
      • MAS KiwiSaver Scheme
        • MAS Review
      • Mercer KiwiSaver Scheme
      • Milford KiwiSaver Plan
      • New Zealand Defence Force KiwiSaver Scheme
      • GoalsGetter KiwiSaver Scheme
      • Pathfinder KiwiSaver Review
        • Pathfinder vs ANZ KiwiSaver Growth Funds Comparison
      • QuayStreet KiwiSaver Scheme
      • Simplicity KiwiSaver Review
      • Summer KiwiSaver Scheme
      • SuperLife Review
      • Westpac KiwiSaver Scheme
    • KiwiSaver Calculators
      • KiwiSaver Calculator
      • KiwiSaver Returns Calculator
  • Retirement
    • Planning Your Retirement
      • Over-65 Entitlements - The Definitive List for New Zealanders
      • Retirement in a Nutshell
      • Retirement Budget Calculator (Budget Builder)
      • How Much Money Do You Need to Retire Comfortably in New Zealand
      • Can You Actually Retire on Just NZ Super?
      • Retirement Calculator
      • Net Worth Calculator
      • Can the Average New Zealander Become a Millionaire?
      • Million Dollar Calculator
      • Average and Median New Zealand Net Worth by Age 2024
      • Average KiwiSaver Balance by Age
      • When Can I Retire?
    • NZ Super & Pension Transfers
      • Super Rates 2026 and 2027
      • NZ Superannuation in a Nutshell
      • The Future of NZ Super
      • UK Pension Transfer to New Zealand
      • UK Pension Transfers - “Scheme Pays” Tax Rules
      • What Am I Entitled to If My UK Pension Scheme or Provider Makes a Mistake?
    • Retirement Income
      • How to Turn $100,000 Into a Retirement Income in New Zealand
      • How to Turn $500,000 Into a Retirement Income in New Zealand
      • How to Turn $2 Million Into a Retirement Income in New Zealand
      • How to Invest So You Never Run Out of Money in Retirement
      • How to Maximise Income in Retirement
      • Retirement Money Drawdown
      • Popular Retirement Income Products in New Zealand
      • Lifetime Retirement Income
      • Spending Your Savings in Retirement
    • Windfalls & Lump Sums
      • The Best Way to Invest Inheritance or a Windfall
      • How to Invest $1 Million in New Zealand
      • Investment Mistakes to Avoid When Accessing Your KiwiSaver Funds at 65
    • Getting Financial Advice
      • Financial Advisers Overview
      • Financial Advisers Directory
      • What the FMA Wants Financial Advice to Be
      • Craigs vs Forsyth Barr vs JBWere
      • Craigs Investment Partners Review
      • Lighthouse Financial Services Review
      • MAS Financial Advice Service Review
      • Free Initial Financial Advice
      • Private Banking
      • DIY Investing vs Investment Brokerage Firms vs Financial Advisors
    • Financial Advisers by City
      • Financial Advisers Auckland
      • Financial Advisers Hamilton
      • Financial Advisers Tauranga
      • Financial Advisers Napier & Hastings
      • Financial Advisers Palmerston North
      • Financial Advisers Wellington
      • Financial Advisers Lower Hutt & Hutt Valley
      • Financial Advisers Whanganui
      • Financial Advisers Kapiti
      • Financial Advisers Wairarapa
      • Financial Advisers Nelson & Tasman
      • Financial Advisers Christchurch
      • Financial Advisers Dunedin
    • Wealth Advisers by City
      • Wealth Advisers Auckland
      • Wealth Advisers Hamilton
      • Wealth Advisers Tauranga
      • Wealth Advisers Napier & Hastings
      • Wealth Advisers Palmerston North
      • Wealth Advisers Lower Hutt & Upper Hutt
      • Wealth Advisers Wellington
      • Wealth Advisers Nelson
      • Wealth Advisers Christchurch
      • Wealth Advisers Dunedin
    • Estate Planning & Later Life
      • Wills Guide
        • Enduring Power of Attorney Guide
        • Trusts Guide
        • Living Wills Guide
        • Probate
        • What to Do When a Spouse or Partner Dies
        • Funeral Costs
    • Senior Living
      • Retirement Villages
      • Rest Homes and Residential Care Facilities - Costs and Financing
      • Reverse Mortgages
      • Lifetime Home Review
      • Medical Alarms
      • Tips for Seniors Renting or Paying Down a Mortgage
      • SuperGold Card Review
    • Retire Early (FIRE)
      • FIRE Explained
      • How to Retire Early
      • Financial Freedom by 50
      • The Four Percent Rule
      • Five Types of FIRE Plans
      • Achieving Financial Independence, Faster
      • Getting FIRE’d in New Zealand
      • FIRE and NZ Real Estate
  • Law & Accounting
    • Legal Resources
      • Separation Agreements
      • Prenuptial Agreements
      • Divorce Guide
      • Agreeable Review
      • Footprint Online Wills Review
      • Perpetual Guardian
    • Choosing an Accountant
      • Accountants in Auckland
      • Accountants in Wellington, Hutt and Kapiti
    • Tax
      • Beginner's Guide to Tax
      • Salary Sacrifice in New Zealand
      • Tax Bracket Creep
      • Tax Refunds
  • Business
    • Business Bank Accounts
    • Business Credit Cards
      • American Express Gold Business Card Review
    • Compare Business Loans
      • Compare & Choose
        • Small Business Loans
        • Business Line of Credit
        • Business Borrowing Options
        • Invoice Finance
      • Calculators
        • Business Loan Calculator
        • Small Business Loan Calculator
        • Business Line of Credit Calculator
        • Business Loan vs Line of Credit Calculator
      • Vehicle & Leasing
        • Commercial Vehicle Finance Options
        • Operating Leases
        • Finance Leases
        • Operating Leases vs Financing Leases
      • Lender Reviews
        • Prospa Business Loans Review
        • Bizcap Business Loans Review
        • Taxi (Business Funding) Review
      • Guides & Data
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  • Banking & Savings
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  • KiwiSaver
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  • EVs
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  • Travel
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    • Best of New Zealand
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    • Moving Overseas
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      • Moving to Australia
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  • Mobile & SIM
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    • Apple Watch Buying Guide
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  • Power
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  • Essential Money Tips
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Search

How to Use Less Power - The Definitive New Zealand Guide

Our tips for using less power include understanding your energy plan, implementing energy-saving habits, considering key building and DIY improvements and installing Smart devices to maximise savings.
Use less Energy NZ
Updated 6 April 2025
Summary
  • Power bills are a constant and unavoidable expense. There are many energy providers in New Zealand, and we've conducted a comprehensive comparison, but regardless of what company you're with, there are many ways you can save on energy, and we outline them in this guide.
  • Some will involve the visit of a professional builder or plumber, but many are small fixes you can carry out yourself and changes to your consumption habits.
  • If you have a smart meter and are on a plan that charges you differently during peak and off-peak times, you can save further by running some of your appliances at night.
  • Know this first: By moving more power off-peak, you're not only reducing the load on New Zealand's national power grid and infrastructure, but you're also more likely to be using electricity from cleaner generation sources as there tends to be less fossil fuel generated electricity in the system overnight.

MoneyHub Founder Christopher Walsh shares his views around saving energy:

"While New Zealand has plenty of renewable power sources, nothing is guaranteed, and droughts can happen without warning - the Auckland floods may be followed in the years to come with no rain at all. Saving power involves adopting simple habits in everyday routines. This helps you lower energy bills and contribute to a more sustainable power supply".

"Saving power is surprisingly easy, and most wins don't involve any upfront cost or discomfort. Best of all, you don't need to minimise shower time or heating to save big - our guide has been published to give you all the options. Small changes in behaviours add up to lower power bills month after month".

Our must-know tips and suggestions are outlined in five categories below:
Christopher Walsh MoneyHub Founder
Christopher Walsh
MoneyHub Founder

moneyhub nz

Understand your energy plan

A good starting point when aiming to save money on energy is to familiarise yourself with the details of the plan you're on and ensure that you are making the most of it.
  • Are you a standard user or a low user?
    First of all, look at your annual energy consumption: Being on a "Low User" plan should yield better rates if your annual consumption falls within this bracket. For example, you are considered a low user if you are in a city north of Christchurch, and your consumption is below 8,000 kWh per annum; if you are south of Christchurch, the threshold is 9,000 kWh. Conversely, if your consumption exceeds those figures, you should be on a "Standard User" plan.
  • Does your plan have different prices depending on when you use energy?
    If your plan offers lower prices during night or off-peak times, you will benefit from using as much energy as possible during these windows. Energy companies call these times by different names, so check if your plan mentions a lower rate for times like "night only", "night", "off-peak", "shoulder off-peak", and weekends. Each company defines these terms differently, so check what hours are covered and schedule your appliances to run or charge at these times. Later in this guide, we will cover how to set up timers and the benefits of scheduling large appliances.
    If your plan has a constant rate throughout the day, you can still save money by using less energy, as described later in this guide.
  • Does your plan offer a time of "free power"?
    ​If your plan offers a free "hour of power", make sure you choose a time that suits you and maximise energy usage during this period.

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Implement energy-saving habits

General tips
We've put together some useful tips and general habits that can help you save energy and money:

Ventilation tips:
  • On fine days, open windows on opposite sides of your house, even in winter, for at least 20 minutes a day. Wipe away any condensation from the windows to keep the air dry.
  • Don't dry your washing inside the house; this can release up to 5L of moisture per load. If you have to dry them inside, do it in the bathroom or laundry room with the door closed and a window open.
  • Avoid unflued gas heaters (LINK); they can release up to 1L of moisture into the air per hour.
  • Use lids on pots and pans when cooking, and turn on the extractor fan to remove as much moisture as possible.
  • When showering or bathing, turn on the extractor fan and open a window.
  • Shut doors to laundry, kitchen and bathroom to avoid dampness and condensation
  • To prevent mould growth, leave wardrobes and closet doors slightly open.

​Kitchen tips:
  • When cooking, choose a pot or pan that's the appropriate size for what you're doing. For example, don't use a large pot of water to boil a couple of eggs.
  • Don't rely only on the stove and the oven – You can use other appliances that use less energy and get the job done quickly; you can boil water on the kettle much faster than on the stove; part-cook or steam vegetables in the microwave and just incorporate them into a dish; reheat pizza from the day before in the air fryer instead of the oven; use a slow cooker instead of the oven when possible.
  • Do full loads – Whether you're using the oven or the dishwasher, maximise the use. For example, if you're cooking a chicken on the top tray of the oven, don't let the bottom tray go unused: put in some vegetables to go on the side or cook some lasagna for the next day. The same goes for your dishwasher/washing machine/dryer: don't do half loads (unless your machine has a setting for that); always do a full load; otherwise, you're wasting energy. Please be careful not to overload them either, dryers need space for clothes to tumble and dry correctly, and washing machines can only hold a certain capacity.    

​Water usage:
  • Check that your water pressure isn't too high: A shower should use less than 10 litres of water per minute. The CEA recommends this simple test: hold a 2-litre container to your shower head; if it fills up in less than 15 seconds, you should consider switching to a low-flow shower head.
  • Take showers instead of baths, and keep showers to around 5 minutes.
  • Use cold water for rinsing dishes and washing clothes, and use eco settings on your dishwasher and washing machines as much as possible.
  • If you go away for more than three days, turn off your hot water cylinder.

Choosing appliances
When replacing appliances, take into consideration their star rating. Better-rated appliances may be more expensive but can be cheaper to run in the long term. Visit Genless's Efficient Appliance calculator to compare products based on their energy rating.
 
Other:
  • Trim any trees or shrubs that might block the windows on the sunny side of your home
  • Use your curtains: In winter, open them in the morning to let the heat in and close them before sundown; in summer, draw them to keep the heat out.
  • Leave a gap between furniture and walls to avoid mould growth.
  • Use timers on towel rails and heaters, so they are not in use when you don't need them.
  • If your energy company has an app, use it to track your usage and identify opportunities.

Tips per appliance
We've put together several tips on how to save energy by slightly changing your habits, starting with the most power-hungry appliances:
  • Swimming Pool and Spa pumps – Off-peak saving tip: Running your pool or spa pump overnight will keep your pool just as clean, and you will be charged a much lower price than running it at peak times.
  • Hot water cylinder – This is one of the most power-hungry appliances in a home. Insulate the water cylinder and the first 1.5 meters of hot water pipes to prevent heat loss and conserve energy. It is recommended the temperature of your hot water cylinder is set at 60°C (to avoid the risk of Legionella developing) and that the temperature from the tap does not exceed 55°C; you can run the tap and use a regular thermometer to check. If the temperature is higher, ask a professional to adjust your thermostat (if the temperature can't be selected from your water heater directly). Off-peak saving tip: Try showering at night or very early in the morning; the water cylinder will replenish the hot water you've used, and this will be less expensive if it happens during off-peak hours.
  • Electric Vehicles - Off-peak saving tip: Charge your car at night when energy is cheapest and more likely derived from renewable sources.
  • Heat pumps and heaters – Heat pumps are probably the most efficient appliances to warm your home; you don't need to overheat the place, so set your thermostat to a temperature between 18 and 21 degrees. Take out and clean the internal filters for your heat pump once a month when it's in use; you can do this using your vacuum cleaner. Heaters are suitable to warm up smaller rooms; set the thermostat to an appropriate temperature and use the timer if you have one so the heater doesn't run when it's not needed. Off-peak saving tip: heat your house during off-peak hours (before morning peak hours kick in). If your heater doesn't have a thermostat or a timer, you can get a device like a heatermate to control them.
  • Washing machine – Try using cold instead of warm water whenever possible; this will save energy and is also easier on your clothes. Off-peak saving tip: Schedule the machine to run late at night or very early in the morning so that the cycle is completed during the off-peak hours, and you can simply offload the machine in the morning.
  • Dryer – Make sure you don't overload the machine (clothes should have enough room to move around, so they dry properly) and clean the lint filter before every use; this will improve the dryer's performance and leave your clothes free of fluff. Off-peak saving tip: As for the washing machine, try to schedule this to run late at night or early in the morning when the energy is cheaper.
  • Dishwasher – Check if your machine has an option for "Eco mode", as this will likely clean your dishes well enough, try the various modes to see if it gets the job done. Only run the machine when you have a full load. If you constantly put the machine on because you're out of clean dishes and cutlery, you might be better off investing in extra dishes and cutlery so you can always do full loads. Off-peak saving tip: Schedule the machine to run at night when the energy is cheap and offload it in the morning when you wake up.
  • Oven – Ovens and stovetops consume more energy than microwaves, slow cookers and air fryers, so try to use these other appliances instead or in part to speed up the preparation of your meals. For example, if you're cooking a curry, you can quickly steam the vegetables in the microwave instead of boiling or steaming them on the stove. Air fryers are very efficient and suitable for preparing smaller food portions; they are also great for reheating meals. If you use the oven, be mindful of pre-heating temperatures and times, and don't keep the oven hot and empty for long, as it's just a waste of energy. Try to make the most of the space in the oven and cook as much as possible at once; for example, if you're cooking a chicken for tonight, use the other tray for cooking a quiche for tomorrow at the same time.
  • Fridge /Freezer – It is very important to check that the doors to these appliances seal perfectly. You can check the strength of the seal very simply: close the fridge door on a note; if it holds firm, then your seal is fine; if it slips, you should replace it. Also, you should defrost your freezer at least once a year; this will keep it working correctly and let you maximise the space for storing food.
  • Towel rails – Attach a timer to your Towel rail so it's only on when you need it.
  • Desktop computers / TVs / Gaming consoles – Switch them off at the wall if you won't use them for a while; if you leave them on "sleep mode" or "standby", they still use power.
  • Phones / Tablets / Laptops – Off-peak savings: Charge these devices at night when the power is cheaper; consider a smart plug like these to schedule when they charge.
  • Lights – Consider changing your regular lightbulbs to LED lights wherever possible. These are more expensive but last longer and use less energy, so they're a good investment. Powershop has a very detailed and helpful guide on lights.
  • Helpful resources: Trustpower has a comprehensive list of household appliances and their estimated annual cost for an average user.
moneyhub nz

Consider building improvements

  • Insulation: Having a well-insulated house will help you reduce energy costs and lower your carbon emissions. You should start with the ceiling, as this will make the most noticeable impact on reducing your bills by keeping the heat out in summer and preventing it from escaping in winter. Underfloor insulation can be done next, followed by wall insulation, if deemed necessary by a professional.
    The government's website Genless explains the benefits of insulation and how to insulate your house.  
  • Double glazing: Double-glazed windows insulate against heat and cold and can further help you reduce your energy consumption. These windows are a long-term investment but expensive; a cheaper alternative is installing window insulation kits and thermal curtains. We'll cover these in the DIY section of this guide.
  • Ventilation: Ensuring good airflow will help reduce moisture and dampness and make your home easier to heat. If not already, you should have extractor fans installed in bathrooms and range hoods. Subfloor vents should be present on all sides of the house to keep air circulating; this is an issue, especially with older houses, as building standards have been revised in the last few years.
​
You might be eligible for a grant:
If you own and live in a house built before 2008, have a Community Services Card (LINK), or live in an area identified as low-income, you might be eligible for a grant from the Warmer Kiwi Homes Programme. This could cover up to 80% of the ceiling and underfloor insulation or 80% of the cost of an approved heater.
 
Get a free assessment
You can get free advice from the CEA or a free online assessment from Homefit (if you want a visit or a certification that costs $100 to $300).
moneyhub nz

DIY improvements

You can do several things to make your house better insulated, drier and easier to warm or keep cool.
  • Windows: If you don't have double-glazed windows, you can quickly achieve a similar effect by installing insulation film on your single-pane windows. It is estimated that these can reduce glass heat loss by up to 60%. Prices range from $30 to $45 depending on the size, and you can install them easily; all you need is a hairdryer and scissors. You can find them at a hardware store or order online from CEA (The Community Energy Action Charitable Trust). 
  • Curtains: High-quality, lined curtains help you further regulate the temperature in your home by minimising heat loss in winter and keeping out the heat from the sun in the summer. Even if you have double-glazed windows, curtains can make a big difference and make your house more energy-efficient. Genless offers the following advice on choosing curtains: make sure they are double layered with a thick lining, have pelmets above them, are wider than the window frame, fit tightly against the wall or window frame and reach the floor.
    There are curtain banks around the country, and the CEA also provides free curtains. Please consider donating your curtains to these places if they are in good condition. 
  • Draught-proof your home: You can do many small fixes around the house to block draughts, close gaps and keep the warm air inside. You can affix weather strips to your windows, seal doors and window trims and fit draught excluders to the doors. Genless has a whole section on this topic, and Meridian prepared a very good guide on how to eliminate draughts. 
  • Insulate your hot water cylinder: Insulating the hot water cylinder and the pipes around it will diminish heat loss and reduce power consumption. Providing this additional insulation is especially important if your water heater is old, but even newer models will benefit from an extra layer; the CEA estimates wrapping your cylinder can save up to $45 per year (when paying 20 cents /kWh). Cylinder wrap is about $70, and pipe insulation costs about $5 a metre from hardware stores. 
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Smart devices to maximise savings

You can incorporate several gadgets into your home to make it more energy-efficient. The aim is to reduce energy waste as much as possible by scheduling on-times for your devices; you can do this with low-tech mechanical timers or wifi-enabled smart plugs; the choice is yours. These are especially useful if you are on a plan that charges cheaper prices for energy used during the night or off-peak times, but even if you're not, you'll still benefit by reducing your overall consumption.
  • Power point timers: These are simple mechanical timers that you can attach to a power plug and schedule devices to go off at certain times. You can group devices at one time to get all your mobile devices charged for 3 hours at night instead of being plugged in all night. This not only saves energy but also improves battery life. These are widely available from electrical shops.  
  • Smart plugs are Wifi-enabled power plugs that you can fit between the wall socket and any device you want to connect, so you can control "dumb" devices through an app on your phone. With the help of smart plugs, you can schedule when appliances turn on; for example, you can automate charging times for your mobile devices, turn on fans or heaters at certain times, turn on your fairy lights, etc. This Australian website has useful tips on making the most of smart plugs.  
  • Sensors: Consider installing daylight, movement or occupancy-sensor lights where appropriate so that lights are only on when needed. These are especially useful in the garden, driveways and garages.  
  • Thermostats: If your heater doesn't have a thermostat built in or you find that it's not accurate enough, you can attach an external thermostat like heatermate to further manage your heater's performance and reduce its energy consumption.
  • Towel rail timers: Attaching a timer to your towel rail will let you have warm towels when you need them and save energy when you don't.  
  • Generate solar energy: For the ultimate energy optimisation, consider installing solar panels to generate energy for yourself and sell power back into the grid. Powershop has a very detailed guide on this topic.

Further guides and resources:
  • Compare Power Prices
  • Eco Design Advisor
  • Brightr.co.nz
  • Community Energy Action
  • Gen Less
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  • Essential Money Tips
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  • Students
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