MoneyHub NZ
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  • Investing
    • Investing Platforms
      • Reviews
        • Sharesies Review
        • Hatch Review
        • Stake Review
          • Stake Black Review
        • Tiger Brokers (NZ) Review
        • Superhero Review
        • BlackBull Markets Share Trading Platform Review
        • ASB Securities Review
        • Invest Direct Review
        • InvestNow Review
        • Kernel Review
        • Kernel Shares & ETF Investing Review
        • Interactive Brokers
        • Smart Review
        • Catalist Review
      • Comparisons
        • Best Investment Apps
        • 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
        • ETFs (Exchange Traded Funds)
        • Cash Funds
        • Index Funds vs ETFs
        • 10 Ways to Invest in New Zealand
        • Compound Interest Explained
        • 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
        • Popular Retirement Income Products in 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
        • 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
        • Investment Strategies for the Time-Poor
        • Advanced Trading Concepts
        • New and Emerging Investment Opportunities and Trends
      • Young People and Investing
        • Investing for Kids
        • Investing For Grandchildren
        • 10 Popular Investments for Young New Zealanders
        • Sharesies Kids Accounts Review
        • SquareOne Review
        • Dosh Review
      • Investing Calculators
        • Term Deposit Calculator
        • Compound Interest Calculator
        • Investment Calculator
        • Savings Calculator
        • Net Worth Calculator
        • Million Dollar Calculator
    • Managed Funds, Tax & DIY Investing
      • Guides
        • Managed Funds
          • Pie Funds Management Review
          • Booster Private Land and Property Fund Review
          • AMP Managed Funds Review
        • Our Favourite Managed Funds
        • Australian Investment Funds
        • Advisers & Wealth
          • Financial Advisers Overview
          • DIY Investing vs Investment Brokerage Firms vs Financial Advisors
          • 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
          • Craigs Investment Partners Review
          • Craigs vs Forsyth Barr vs JBWere
          • Lighthouse Financial Services Review
          • 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
        • Bank Credit Ratings
        • Depositor Compensation Scheme (DCS) Explained
        • Tax on Investments and Savings
        • Tax Efficient Investing
        • Capital Gains Tax
        • Bright-Line Test
        • Ethical Investing
        • Leading ESG Funds
        • Asset Allocations to Build Wealth
        • Managing Offshore Investments for Returning New Zealanders and Migrants
        • How to Buy and Sell Bonds
        • Buying NZ Corporate Bonds
        • Trading in a Nutshell
        • Peer to Peer Lending
        • Crowdfunding Guide
        • REITs Guide
        • Jasper Review
        • Investing & Personal Finance Podcasts
        • Emergency Funds
        • UK Pension Transfer to New Zealand
        • What Am I Entitled to If My UK Pension Scheme or Provider Makes a Mistake?
        • Returning to the UK from NZ
        • Spending Your Savings in Retirement
        • 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
        • 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
          • Forex Trading Platforms Comparison
          • Forex Trading Tools
          • Forex Trading Courses and Education
          • Forex Regulation
        • Options Trading
        • Contracts for Difference (CFDs) Guide
        • Futures Trading
        • Commodities Trading
        • Copy Trading
      • Cryptocurrency
        • Reviews
          • Easy Crypto Review
          • Swyftx Review
          • Binance Review
          • Easy Crypto vs Swyftx
          • NZDD Review
          • 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
          • Stablecoins
          • 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
    • Best Car Finance
      • Loan Types
        • Electric Vehicle Loans
        • Car Loan Refinance
        • Bad Credit Car Loans
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        • Asset Finance
      • Tools & Calculators
        • Car Finance Calculator
        • Car Loan Amortisation Calculator
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        • Motorcycle and Moped Loan Calculator
        • Asset Finance Repayment Calculator
        • Boat Financing Calculator
      • Resources
        • Car Finance Documents Checklist
        • Car Dealership Finance vs Alternatives
        • 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 Loan Brokers vs Direct Car Finance
      • Car Finance Company Reviews
        • Simplify Loans Review
        • Simplify 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
        • Better Finance Review
        • Kiwi Car Loans Review
        • Lending People Review
        • Driva Car Loans Review
      • Car Finance by Vehicle
        • Toyota Aqua Financing Guide
        • Toyota Corolla Financing Guide
        • Toyota HiAce Financing Guide
        • Toyota RAV4 Financing Guide
        • Toyota Hilux Financing Guide
      • Car Finance Add-On Insurance
        • Compare Mechanical Breakdown Insurance
        • GAP (Guaranteed Asset Protection Insurance) Insurance
        • PPI (Payment Protection Insurance)
    • Best Personal Loans
      • Loan Types
        • Debt Consolidation Loans
        • Secured Loans
        • Bad Credit Loans
        • Green Loans
        • Home Renovation Loans
        • Online Loans
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        • Low Income Loans
        • Beneficiary Loans
      • Tools & Calculators
        • Personal Loan Calculator
        • Debt Consolidation Calculator
        • Refinance Personal Loan Calculator
        • Home Renovation Loan Calculator
        • Interest Calculator
      • 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
      • Debt Solutions
        • How to Pay Down Debt Faster
        • Baycorp and Debt Collection
        • The Dangers of Debt Consolidation
        • Using Home Equity for Non-Essential Expenses
      • Buy Now Pay Later Apps
        • Afterpay Review
        • Laybuy Review
        • Humm Review
        • Zip Review
  • Insurance
    • Overview
    • Car Insurance
      • Car Insurance by Vehicle
        • Compare Toyota Aqua Insurance Costs
        • Compare Toyota Corolla Insurance Costs
        • Compare Toyota Hilux Insurance Costs
        • Compare Mazda2 and Demio Insurance Costs
        • Compare Ford Ranger Insurance Costs
        • Compare Nissan Navara Insurance Costs
        • Compare Subaru Legacy Insurance Costs
      • Reviews & Policy Comparisons
        • AMI vs AMP vs AA Insurance vs Cove vs State vs Tower vs Trade Me Insurance
        • Cove Car Insurance Review
        • Cove Car Insurance - Real Customer Reviews & Facts
        • Tower Car Insurance Review
        • Young Driver Car Insurance
        • Trade Me Car Insurance Review
        • Caravan Insurance
      • Car Insurance Guides
        • Third Party Car Insurance
        • 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
        • Most Stolen Cars
    • Home & Contents Insurance
      • House Insurance
      • House Insurance Calculator
      • Home and Contents Insurance
      • Best Holiday Home and Airbnb Insurance Policies
      • Difficult to Insure Areas
      • Sum Insured Explained
      • Area Replacement vs Sum Insured
      • Natural Disaster House Insurance
      • MAS House Insurance - Real Customer Reviews & Facts
      • Is Your Home an Insurance Risk?
      • Average Cost of Car, House, and Contents Insurance
      • Insuring Old Houses
      • Contents Insurance
      • Renters' Insurance
      • Students Insurance
      • Landlord Insurance
      • Dental Insurance and Dentist Plans
      • Phone Insurance
      • Insurance Excess
      • Insurance Company Financial Strength Ratings
      • Motorbike Insurance
      • Initio Review
    • Life & Health Insurance
      • Compare Life Insurance
        • 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 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
        • Health Insurance Explained (Videos)
        • Going to Australia for Medical Treatment
        • BMI Calculator New Zealand
      • Income Protection Insurance
        • Income Protection Insurance Explained (Videos)
        • 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
    • Travel Insurance
      • Compare Travel Insurance
      • AMEX Airpoints Platinum Travel Insurance Review
      • Travel Insurance by Destination
        • Australia and the Pacifc
          • Australia Travel Insurance
          • Fiji Travel Insurance
          • Rarotonga Travel Insurance
        • Asia
          • Bali Travel Insurance
          • China Travel Insurance
          • India Travel Insurance
          • Japan Travel Insurance
          • Malaysia Travel Insurance
          • Singapore Travel Insurance
          • South Korea Travel Insurance
          • Thailand Travel Insurance
          • Vietnam Travel Insurance
        • Americas & Africa
          • Canada Travel Insurance
          • Peru Travel Insurance
          • South Africa Travel Insurance
          • USA Travel Insurance
        • Europe
          • France Travel Insurance
          • Greece Travel Insurance
          • Italy Travel Insurance
          • UK Travel Insurance
      • Specific Risk Cover
        • Do I Need Travel Insurance?
        • Pregnancy Travel Insurance
      • Travel Insurer Reviews
        • Southern Cross Travel Insurance Review
        • AMI Travel Insurance Review
        • State Travel Insurance Review
      • Essential Information
        • Basic vs Comprehensive Travel Insurance
        • Health Insurance vs Travel Insurance
        • 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
    • 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
  • Credit Cards
    • Best Credit Cards
    • Rewards and Cashback Credit Cards
    • Credit Cards That Earn Business Class Flights
    • The Best American Express Credit Cards
    • Air New Zealand Airpoints Credit Cards
      • Kiwibank Airpoints Cards Have Ended – Best Replacement Options
      • BNZ Advantage Credit Cards Are Changing (Not Good News) – Best Replacement Options
      • ANZ vs AMEX 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
    • Frequent Flyer Credit Cards
    • Travel Credit Cards
    • Interest Free Credit Cards
    • Virtual Debit and Credit Cards
    • Credit Cards That Provide Travel Insurance
    • Reviews
      • American Express Credit Cards Review
        • American Express Airpoints Platinum Review
        • AMEX Airpoints Platinum - Real Cardholder Reviews & Facts
        • American Express Gold Rewards Card Review
        • AMEX Comparison - Airpoints Platinum vs Gold Rewards
        • Where is AMEX Accepted?
        • American Express Free Card vs Airpoints Platinum
        • American Express Membership Rewards Program Review
        • AMEX Cardholder Feedback
        • Valuing AMEX Membership Rewards Points
        • AMEX Dining Collection Program Review
        • The Best Ways to Spend AMEX Membership Rewards Points
        • Qantas Credit Cards
        • Qatar Airways 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
      • Credit Card Interest Calculator
      • Credit Card Debt Amortisation Calculator
      • How to Request a Credit Card Chargeback
    • Other Credit Cards
      • 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
  • 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
      • Private Banking
      • 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 2025 & 2026
      • 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
      • Lifetime Home Review
    • 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
      • Tips for Seniors Renting or Paying Down a Mortgage
      • 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 on the Kapiti Coast
      • Trusted Mortgage Brokers in Christchurch
      • LifeDirect Mortgages Review
    • 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
      • 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
      • Milford vs ANZ KiwiSaver Growth Funds Comparison
      • Free $500+ 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
      • 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
      • Investment Traps to Avoid When Accessing Your KiwiSaver Funds at 65
      • 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
      • QuayStreet KiwiSaver Scheme
      • Simplicity KiwiSaver Review
      • Summer KiwiSaver Scheme
      • SuperLife Review
      • Westpac KiwiSaver Scheme
    • KiwiSaver Calculators
      • KiwiSaver Calculator
      • KiwiSaver Returns Calculator
  • Business Loans & Tools
    • Business Bank Accounts
    • Business Credit Cards
      • American Express Gold Business Card Review
    • Compare Business Loans
      • Small Business Loans
      • Prospa Business Loans Review
      • Business Line of Credit
      • Business Borrowing Options
      • Business Loan Calculator
      • Business Loan Brokers Explained
      • Commercial Vehicle Finance Options
      • Invoice Finance
      • Operating Leases
      • Finance Leases
      • Operating Leases vs Financing Leases
      • Car Loan Repayment Calculator
      • Bizcap Business Loans Review
      • Taxi (Business Funding) Review
    • Wise Business Account Review
    • 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
    • PAYE & Taxes
      • PAYE Calculator
      • Provisional Tax
      • Lighthouse Accounting Services Review
      • PAYE Tax Rates 2025 & 2026
      • Tax Codes in New Zealand
      • Minimum Wage
    • Business Calculators & Resources
      • GST Calculator
      • GST Due Dates 2025
      • 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
      • Trusted Auckland SEO Companies
      • Digital Marketing Agencies Auckland
      • Video Production Auckland
      • Social Media Influencer Marketing
      • PayPal NZ Account Fees
      • Paypal vs Stripe Review
      • Hnry Review
      • n3 Trade Card Review
      • Plain English Awards
      • Retail Security Options and Costs
    • 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
      • Attending the Singapore FinTech Festival
  • MSD
    • Navigating Work and Income Benefits
    • Jobseeker Support Benefit Rates 2025 and 2026
    • Jobseeker Support Guide
    • Accommodation Supplement Guide
    • SuperGold Card Review
    • 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
    • Super Rates 2025 and 2026
    • NZ Superannuation in a Nutshell
    • Government Departments Helping New Zealanders Directly
    • 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
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    • Pet Insurance
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    • Business Insurance
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    • Find a Broker
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  • Credit Cards
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      • Kiwibank Airpoints Cards Have Ended – Best Replacement Options
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      • ANZ vs AMEX vs Westpac Platinum Airpoints Credit Cards
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    • Balance Transfer Credit Cards
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    • Reviews
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        • Where is AMEX Accepted?
        • American Express Free Card vs Airpoints Platinum
        • American Express Membership Rewards Program Review
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        • Qantas Credit Cards
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        • RewardPay Review
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    • Guides
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  • Travel Money Cards
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    • Travel Money By Country
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  • Banking & Savings
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    • Savings
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      • Booster Savvy Review
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    • Guides and Resources
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    • Reviews
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  • Mortgages
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    • Alternative Mortgage Options
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      • Saving for a House Deposit
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      • Top 10 Areas for First Home Buyers 2025
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      • What To Do if You Bought a House at the Peak of the New Zealand Market
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    • Mortgage Brokers
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      • LifeDirect Mortgages Review
    • Buying a Home
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      • New Zealand Property Types
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    • Selling a Home
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      • Bridging Finance
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      • Every Tax Deduction Property Investors Can Claim
      • Trusts vs LTCs vs Companies
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      • 20 Property Investment Risks You Can't Ignore
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    • Building a House
      • NZCB Review
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      • Construction Loans
      • Tiny Homes in New Zealand
  • KiwiSaver
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      • Is KiwiSaver Safe?
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      • KiwiSaver Must-Know Facts
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      • Feijoa Review
    • KiwiSaver Schemes
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    • KiwiSaver Calculators
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  • Business Loans & Tools
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    • For Startups
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  • MSD
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  • Motoring
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    • Car Dealerships Explained
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    • Warrant of Fitness
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  • Law
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    • Perpetual Guardian
  • Travel
    • Moving Overseas
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    • Air New Zealand Specific
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    • Lounges, Upgrades, Car Hire & More
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      • Air New Zealand Skycouch Review
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      • Car Rental Hire
      • Auckland Airport Car Parking
    • Best of New Zealand
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      • 100+ Free Things to do in Auckland
      • Queenstown Like a Local
    • Hotels & Dining
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    • Foreign Currency Exchange
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  • Mobile & SIM
    • Compare Mobile Plans
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    • Revolut eSIM – Real User Reviews, Facts & Comparison
    • Saily Review
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    • Apple Watch Buying Guide
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    • Best Power Banks
  • Broadband
    • Compare Broadband Plans
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    • Internet Speed Test
    • Broadband Provider Reviews
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      • One NZ Broadband Review
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      • Skinny Review
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  • Power
    • Compare Power Companies
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    • 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
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  • Essential Money Tips
    • Must-Read Lists & Tips
      • Fleeced Kiwi Awards 2025
      • Best and Worst Loyalty Programmes
      • 10 Things to Do Differently with Money in 2026
      • 10 Signs You’re in Financial Danger
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      • 20 Things to Stop Buying to Have More Money
      • 20 Must-Know Money Lessons (Learned From Experience)
      • 20 Frugal Decisions That Often Backfire
      • 20 Money Habits that Keep You Poor
      • 20 Ways to Save on Household Bills
      • 20 Supermarket Ripoffs
      • 10 Hidden and Exorbitant Costs of Living in New Zealand
      • 10 Simple Financial Steps with Massive Future Payoffs
    • Money & Relationships
      • Bailing Out Your Partner Financially
      • Financial Red Flags in a Relationship
      • Don’t Let Supporting Your Adult Children Ruin Your Retirement
      • Lending Money to Friends & Family
      • Guarantors - Loans and Mortgages
    • Money & Family
      • Teaching Kids About Money
      • Single Parenting and Money
      • Tips for Families on a Single Income
      • Financial Planning for Children With Disabilities
    • Valuable Insights
      • Why Am I Not Wealthy?
      • Can the Average New Zealander Become a Millionaire?
      • Money Habits Keeping You in the Rat Race
      • 15 Great Things New Zealanders Can be Optimistic About
      • How to Survive a Recession
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      • Stealth Wealth
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      • Average NZ Salary by Age
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      • Dental Costs
      • Charities in New Zealand
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    • Challenging Economic Conditions
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      • How to Protect Your Finances from Inflation
      • Impacts of Inflation in New Zealand
      • Layoffs, Redundancies and Restructures - Your Rights and Next Steps
      • Graduating Without a Job
      • Should I Stop Contributing to KiwiSaver?
  • Financial Independence
    • FIRE Guides
      • How Much Money Do You Need to Retire Comfortably in New Zealand
      • Retirement in a Nutshell
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      • 10 Habits of Quiet Millionaires
      • Financial Freedom by 50
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      • 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
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      • SortMe Review
    • Repaying Debt
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      • Bankruptcy Guide
    • Tax
      • Beginner's Guide to Tax
      • Salary Sacrifice in New Zealand
      • Tax Bracket Creep
      • Choosing an Accountant
      • Accountants in Auckland
      • Accountants in Wellington
      • Tax Refunds
  • Life Essentials
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      • Make Money Online
      • Paid Survey Websites Review
        • Ipsos iSay Review
        • Nielsen Homescan Review
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        • Valued Opinions Review
        • Opinion World Review
        • Triaba New Zealand Review
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      • Free Samples
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      • Hosting International Students
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    • Kids Eat Free
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      • HelloFresh Review
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      • Online Supermarkets
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      • Supermarket Christmas Clubs
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    • Entertainment
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      • Disney+ Review
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    • Consumer Rights
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      • Tenant and Landlord Obligations & Rights
    • School Holiday Activities
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    • Shopping Resources
      • 65+ Best Online Shopping Websites in New Zealand
      • Shoe Size Conversion Guide
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      • Temu Review
      • Affordable Online Clothes Shopping
      • Best Baby Clothes
      • Buy Books Online
      • Black Friday New Zealand Deals
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    • Living Essentials
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      • Gym Memberships Guide
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    • Senior Living
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    • Wedding Resources
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    • Home & Kitchen
      • Bathroom Renovations Guide
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How Rich New Zealanders Invest Their Money - The Definitive Guide

Our guide explores how the wealthy invest in Managed Funds, KiwiSaver and Shares as well as exploring Private Banking, Credit Cards, Patronage, Charitable Activities, Venture Capital and Political Donations.
How Wealthy New Zealanders Invest Their Money
Updated 20 November 2025
Summary
  • Our guide to how wealthy New Zealanders invest is the first of its kind and is exclusive to MoneyHub.
  • We do not define 'wealthy' in dollar terms. To do so would be disingenuous and reduce the value of our findings. Wealthy to one person will mean one amount and a very different amount to another.
  • Research has proved that wealthy people don't care about keeping up with the "Joneses". Upgrading lifestyles is not a factor - people become wealthy because they are passionate about what they do and work hard, take risks, play a long game and chase opportunities. They then stay wealthy by diversifying their investments and spending less than they earn. They tend to also ignore "tips" and "advice" from the media and family and friends. This is, unsurprisingly, very different from the decision-making process seen by many first division lottery winners.
  • Many wealthy New Zealanders also rely on financial advisors to help them plan for tomorrow and for the distant future. They, generally, don't look at what their friends are doing and instead invest for the long-term and stay calm during market ups and downs.
  • While real estate is a major driver of wealth in New Zealand, but this is not responsible for the super-wealthy. We believe real wealth has been created in productive assets such as farming, engineering, manufacturing, construction, technology, financial services, retail and tourism businesses.
  • Wealthy New Zealanders invest in assets just like anyone else; managed funds, shares, term deposits and a bank account. However, their money may go into other areas, including patronage and charitable activities, venture capital and political donations. Many also regularly contribute to KiwiSaver. Our guide explores these opportunities (and many more).
  • We have excluded obvious (and not obvious) investments favoured by wealthy New Zealanders, including, but not limited to, real estate, wine, specialist assets, property, sports team ownership and art. These areas are too broad to adequately cover, and some of them are statement assets.

Our guide focuses on:
  • Funds
  • KiwiSaver
  • Shares
  • Private Banking
  • Credit Cards
  • Patronage and Charitable Activities
  • Venture Capital (and/or buying into, or starting, other businesses)
  • Political Donations

Disclaimer: This list does not constitute financial advice, and the examples listed below are included for illustration only. Our guide is journalistic in nature. and we stand by our shortlist. There is no "best investment for wealthy people" - each asset class has specific risks, pros and cons. This is simply an exercise to raise awareness. We do not suggest you invest in any of the asset classes listed below.

Know This First: Capital Gains, FIF, Reinvestment and Wealth Creation
  • New Zealand doesn't have a stand-alone capital gains tax. If someone quits their job, works for several years building a company and sells it for $20m later on, that $20m of 'income' is untaxed.
  • The same applies for investments held for the long term in shares – someone who bought $100,000 of Xero shares in 2010 may have sold them in 2020 for $2,500,000. Again, the income generated is untaxed.
  • However, for foreign investments, Foreign Investment Fund (FIF) tax rules, introduced in 2007, are arguably a form of capital gains tax. They are intended to tax overseas shares and growth funds (although some exempt Australian shares are exempt).
  • Generally, growth FIFs are taxed on a Fair Dividend Rate (FDR) basis, which means that gains (capital gains and dividends) of up to 5% are taxed at the investor's marginal tax rate.
  • Individuals and trusts can choose between FDR and the Comparative Value (CV) method if the gains are less than 5%. This means an investor can choose either method across their whole portfolio.
  • If, for example, your gains from your overseas investments were less than 5% or negative in a tax year, you would choose to be taxed using CV. 
  • Important: The rules are not easy to understand - our guide to tax on investment and savings includes more details, and you can refer to the IRD's FIF guidance here. If you have any questions or concerns, we suggest contacting a tax accountant. 
  • Outside of FIF, it's no surprise that you can get seriously wealthy in New Zealand by reinvesting a large amount of money into quality assets over and over. However, it's not without risks, and 'good' companies can go bust quickly, almost without warning; hence diversification is always important. Our investing mistakes guide has more details.

MoneyHub Founder Christopher Walsh outlines his views on opportunities for everyday New Zealanders who want to grow their wealth:

"I continue to document what investments are available throughout New Zealand, and the good news is the wealthy are not getting 'first dibs' on the best opportunities. Investors can get into (historically) top-performing funds from Milford, Fisher Funds, Pathfinder, Harbour Asset Management and Pie Funds for as little as $250 (via InvestNow).

"The big banks all offer 'private' banking services, but I don't think there's anything materially advantageous from being a customer. You will, however, have some form of bragging rights from being a 'private' client (if you're into that kind of thing). Personally, if you need to change your bank account to impress your friends, you should probably change your friends first".

"Share issues and IPOs come and go; having a broker will always get you further up the line if there's a lot of interest in what's being sold. However, it's a double-edged sword as some recent IPOs have been disappointing at best and a wealth destroyer at worst (I'm talking about MyFoodBag and LayBuy, respectively)".

"New Zealand is in a unique and ultimately very beneficial situation for everyday investors. First, many new investing platforms have been launched, lowering the cost of investing and accessing US markets. Secondly, there are many reputable investment firms for those who want to trust an expert to manage their money - transparency and communication are high priorities".

"There will always be a 'Chairman's Fund' or a 'Diamond level' opportunity. However, and I speak from experience, larger funds targeting everyday investors have more eyes on them and, ultimately, are more valuable to an investment manager in the long term. For example, many more people have $10,000 or $50,000 to invest, but very few have $10 million. So while a 'lower' level investment may mean you're excluded from yacht invites, lunches in the Hawke's Bay or the ability to call on a personal banker and concierge service, you won't be indirectly paying for these things either".
Christopher Walsh MoneyHub Founder
Christopher Walsh
MoneyHub Founder


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Your free guide to How Wealthy New Zealanders invest their money, thanks to BlackBull Markets

​BlackBull Markets, a multi-award-winning broker, sets the benchmark in providing sophisticated trading solutions right from the heart of New Zealand. Known for their robust platform, BlackBull Markets enables wealthy New Zealanders to engage with various tradable instruments, including indices, metals, and energies, alongside forex and US market investing.

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  • Diverse Trading Instruments: Access over 300 tradeable instruments, ensuring comprehensive portfolio diversification options beyond traditional stocks and bonds.
 
​For more details, read our BlackBull Markets Review or visit their website.

How Wealthy New Zealanders Invest Their Money

How New Zealand's Most Wealthy Invest - Our List of 8 Options Reveals All:

Important: General Disclaimer
  • MoneyHub provides this guide for informational and journalistic purposes only and does not constitute personal financial advice, investment advice, or a recommendation to buy, sell, or hold any financial product, including KiwiSaver funds, investment funds or other investment options.
  • The investments highlighted on MoneyHub are selected based on historical performance data, fees, structure, and general market observations. Past performance is not a guarantee of future results.
  • Any opinions, preferences, or "favourite" designations reflect the editorial views of MoneyHub and are not guarantees of future performance. Past results are not indicative of future returns, and all investments carry inherent risks, including the potential for capital loss.
  • MoneyHub is not a financial adviser under the Financial Markets Conduct Act 2013, and we are not regulated by the Financial Markets Authority (FMA) to provide personalised financial advice. Readers should seek independent advice from a qualified, licensed financial adviser or use official tools before making any investment decisions. We strongly recommend considering your personal circumstances, risk tolerance, and financial goals, and consulting a professional to assess suitability.
  • The information in this guide is based on historical data and may become outdated as a result. We do not accept liability for any loss or damage (including consequential loss) arising from reliance on this content, errors, omissions, or changes in market conditions. While we strive for accuracy, market data and fund performance can fluctuate. We encourage regular review of official fund reports or consultation with providers to ensure accurate information. 
  • MoneyHub may have commercial arrangements with certain schemes or providers for general promotional purposes. However, fund selections are based on merit and editorial judgment, not payment. For the latest details, contact the relevant fund provider directly.

How Wealthy New Zealanders Invest Their Money

Investment Funds

There are hundreds of financial advisors, funds management companies and investment platforms who will gladly take your money. Wealthy New Zealanders know who have their interests at heart and don't waste their time (and money) with 'advisor-idiots'. These are generally 'experts' who would rather put your money in a fund that pays them the most commission and go off and play golf than spend the time constructively building your wealth. We're not cynical in saying that - the industry has some fantastic advisors, but it also has some lemons.

Our list below is unlikely to be complete - we aim to give a snapshot of what's available but there are many other options. The exclusion of any fund or fund manager does not mean it's not worthwhile - we simply cannot include everything. The good news is our list of favourite managed funds include investments that are popular with high earners and long-term investors and may be a good starting point. Our list includes active fund managers (Pie Funds, Fisher Funds, Harbour Asset Management and Milford Asset Management) and index options such as Simplicity and Smartshares.

Please be aware that there is no evidence to support
high minimum investment thresholds producing bigger returns. Nonetheless, we list popular options below:

1. Forsyth Barr and Craigs Investment Partners
Forsyth Barr and Craigs have offices throughout New Zealand. Forsyth Barr (founded in Dunedin in 1936) and Craigs (founded in Tauranga in 1984) have offices all over New Zealand. Both have been highly successful in managing their clients' money and have been around for decades. The way they operate is similar. There are low minimum investment thresholds for both, and both offer share broking services. Craigs also offers a premium investment service for anyone with more than $250,000 to invest. Many clients of both firms are wealthy and trust their advisors to make investments in their best interests. It's a loyalty that few other wealth management firms in New Zealand have been able to emulate. 

2. Financial Advisors
Wealthy New Zealanders usually have financial advisors who aren't paid large amounts of trail commission from one or two investment managers. Instead, the financial advisor will be independent, perhaps charge an upfront fee for their time and expertise and a separate annual fee based on the value of the investment.

One wealthy investor (and MoneyHub user) shares his experience:
"My wife and I have worked with the same financial advisor for over 20+ years. It's no exaggeration to say a good financial advisor is hard to come by. Many of our friends had used other firms and found themselves in products that rewarded the advisor but didn't ignite when it came to returns. I like the fact that we're not numbers but people and that we have built up a diversified portfolio that includes bank deposits, individual shares, index funds, actively managed funds and ETFs. We also own two investment properties in Queenstown, and our financial advisor helps us with financing those. I believe there are advisors, and then there are advisors. You've got to make sure you're not a pawn in the game by finding one that puts you first".

Our guide to financial advisors, first published by Mary Holm and now exclusive to MoneyHub, is a good starting point in searching for a financial advisor. We also have a guide to top Auckland financial advisors based on several qualitative factors and our independent research.

3.
Kernel Wealth
Kernel Wealth has had significant success pioneering low-fee, US-focused index funds since its launch in late 2019 and now offers over ten funds covering ethical investing, technology, New Zealand property and global infrastructure and blue-chip. Our research team has noticed considerable inflows when analysing funds under management data, and the platform now works with financial advisors around New Zealand to help diversify wealthy clients.

4. Alvarium
Alvarium Private Wealth offers a
discretionary investment management service (DIMS) which invests your money in financial products, such as global funds, and charges fees for the service. Alvarium is a global investor with a local presence in Auckland and invests in a range of asset classes. It invests on behalf of a handful of wealthy New Zealanders and typically offers Enhanced Income, Conservative, Balanced and Growth funds. Alvarium also offers co-investment opportunities, typically for anyone with at least $1m to invest, including private equity and private lending opportunities. Such investments are available on a deal-by-deal basis and sourced from Alvarium’s local and global networks.

How Wealthy New Zealanders Invest Their Money
How Wealthy New Zealanders Invest Their Money

KiwiSaver

Our ongoing research produces numerous KiwiSaver guides and resources. As part of our findings, we are confident in publishing a shortlist of KiwiSaver schemes/funds that tend to be favoured by wealthier New Zealanders. We based this on the average balances of their growth funds while considering the scheme/fund's age (the thinking being older funds are, more likely, to have higher average balances as there has been more time to contribute to them). As an added point, all of the schemes below appear in our favourite KiwiSaver funds list (KiwiWRAP is not a scheme per se so does not appear). The list, in no particular order, is as follows:

1. Milford KiwiSaver Plan
  • Milford Asset Management has a history of making money for its investors. While past performance is no indication of future returns, Milford is a well-trusted fund manager.
  • Their Active Growth Fund is Milford's signature fund, and its past returns are market-leading. Many wealthy New Zealanders have seen their KiwiSaver balances grow significantly in recent years thanks to returns and ongoing contributions.
  • Our Milford KiwiSaver review has more details

2. Simplicity KiwiSaver Scheme
  • Simplicity remains popular among many New Zealanders, from young people starting their first job to older, close-to-retirement age.
  • The main difference is that it has the lowest fees, which means you'll have more in retirement, all things being equal.
  • Simplicity won over a lot of wealthy New Zealanders when it launched who switched into its funds, and it continues to grow its reach with dozens of new members joining every day.
  • Our Simplicity KiwiSaver review has more details

3. Booster
  • Booster's popular Geared Growth fund is one of the most aggressive available; it has a target to invest 99% of its money into growth assets (equities) while also borrowing money at a fixed interest rate to invest in shares.
  • Investors comfortable with taking an aggressive approach to KiwiSaver have stayed in this fund for years and, per Morningstar data, the fund has been the #1 performer for 5-year returns and 10-year returns in its investment category, and #2 for 3-year returns.
  • Our Booster KiwiSaver review has more details.

4. KiwiWRAP
  • Consilium, a Canterbury-based financial advisor, launched a self-select KiwiSaver offering to give clients diversification rather than putting all their balance in one fund.
  • This approach is similar to how Self-Managed Super Funds (SMSF) operate in Australia. KiwiWRAP is only available for KiwiSaver balances above $50,000. 
  • More details: Visit the KiwiWRAP website

How Wealthy New Zealanders Invest Their Money
How Wealthy New Zealanders Invest Their Money

Shares

Shares, i.e. investments in sharemarkets such as the NZX, ASX, Dow Jones, S&P 500, Nasdaq and FTSE, are the most popular and proven ways to grow wealth in the long term. The funds' management industry knows this and structures its business around making opportunistic investments day after day, year after year. As a result, the world's richest people have made their fortunes in buying and selling shares in top-performing companies.

Wealthy New Zealanders have long been investing in individual shares. However, the lack of 'blockbusters' companies listed on the NZX has seen many diversify into managed funds with an overseas focus. Our research team constantly receives emails from wealthy New Zealanders wanting to invest in US markets. The reason is simple – the American technology sector (think Facebook, Google, Apple, Salesforce, Tesla, Amazon and Microsoft) has created thousands of billionaires and tens of thousands of millionaires. While most of the biggest winners have been founders and early employees, Tesla's share price has risen from $35 in 2016 to $1,000 in 2021, Microsoft has moved from $55 to $335 over the same period. Investors who pick the right companies and hold for the long-term have seen their investment exponentially increase in value.

Important: We have no data around what shares wealthy New Zealanders hold – none of this information is public, and it's impossible to collate it from third parties. So we can't (and would never) suggest what shares are worth investing in. However, we can say that Hatch, Tiger Brokers (NZ) and Stake's rapid and sustained success, all dedicated to US markets, shows how much New Zealand investor appetite there is for US-listed shares. Some investors may deposit $1,000, but we know others get going with $100,000, $500,000 and more.

The world's richest people have most of their wealth in US-listed companies; wealthy New Zealanders know this and invest alongside them. Our guide to investing in the US markets has you covered if you want to do the same.

ANZ vs Westpac vs BNZ vs ASB Private Banking Comparison NZ
How Wealthy New Zealanders Invest Their Money

Private Banking

All the main banks offer 'private banking' – we have outlined their services in a dedicated guide. In summary, the benefits generally include a personal banker you can call directly, access to a wealth management service, slightly better interest rates (for borrowing and investing), invite-only speaker evenings, sports events and other benefits.

For example, to qualify for Westpac's Private Bank & Wealth, "clients will mostly have all of their financial needs provided by Westpac NZ Private Bank & Wealth, have at least $2 million to invest or significant borrowings, have a sole base income of $300,000 or above". These numbers come from our discussions with Colin Smith (Westpac NZ's Head of Private Wealth). Even with house prices driving super-sized mortgages, the wealth to meet Westpac's threshold is considerable.

While many wealthy New Zealanders apply (or take up their bank's invite) for private banking, it is arguable that New Zealand banks are not known for their investing prowess, nor their customer innovation. For anyone looking at investing significant sums of money, managed funds from trusted investment specialists may be a better starting point. When it comes to term deposits, our guide lists the best deals offered right now - private banking clients may receive slightly higher interest rates but it usually won't be more than 0.10% or 0.20% p.a. etc.

Our view: The best bank account is one that suits your needs and gives you all the benefits you like. New Zealand isn't like the USA or England, where wealthy people favour smaller banks with townhouse offices and old family names. Such banks do not exist here - New Zealand only has 27 banks, none of which are private focused. Instead, wealthy New Zealanders who aren't looking to borrow money look for value and convenience from a bank account. Our guide to the best bank accounts reveals what's on offer and what it costs.

Know This: It's unlikely that any specific bank account has a strong appeal to the wealthy in New Zealand. 

How Wealthy New Zealanders Invest Their Money
How Wealthy New Zealanders Invest Their Money

Credit Cards

While not strictly an 'investment', the right credit card can be endlessly rewarding. There is one card a select number of wealthy New Zealanders have in their wallets – The American Express Platinum. It's a charge card similar to a credit card but has some subtle differences – our review of the card explains what you need to know. The card is aimed at those earning six-figure salaries and travelling extensively, and there is an annual fee of $1,250. However, as outlined in our review, this fee is somewhat compensated by the various benefits. There is no other card in New Zealand like it.

However, many wealthy New Zealanders use a standard Airpoints Dollars credit card issued either by American Express or their bank. Airpoints Dollars are, arguably, New Zealand's "second currency" and can be used extensively. For example, many business owners use AMEX Platinum Airpoints or the AMEX Gold Business Card for work expenses to earn points while holding a secondary card for personal expenses. It's a fast way to earn a lot from essential everyday business and personal spending.

Our view: If you have a track record of managing your finances and are disciplined in spending, a rewarding credit card is a smart investment. However, many 'secret' millionaires in New Zealand - people who have millions in shares and cash (i.e., not their house) – don't have any credit cards. Instead, they choose to spend using a debit card and not incur personal debt. Their self-control has made them wealthy in the first place, but we know this way of thinking isn't for everyone.  

One business owner, who asked to remain anonymous, explains how he earns 30,000+ Airpoints Dollars a year:
"I own three businesses that, in total, employ over 50 people. I spend around $150,000 a month on suppliers who take AMEX and don't charge any fee on top for doing so. The credit card also integrates to Xero automatically, so nothing is missed. I earn around 30,000 Airpoints Dollars per year, which goes a long way. I've also renovated properties thanks to the Mitre 10 tie-up and have been able to buy lots of gifts from the Airpoints Store. I would suggest that any business owner looks at where they can benefit from everyday supplier payments and look to get a card".

BlackBull Markets
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Visit BlackBull Markets

Your free guide to How Wealthy New Zealanders invest their money, thanks to BlackBull Markets

​BlackBull Markets, a multi-award-winning broker, sets the benchmark in providing sophisticated trading solutions right from the heart of New Zealand. Known for their robust platform, BlackBull Markets enables wealthy New Zealanders to engage with various tradable instruments, including indices, metals, and energies, alongside forex and US market investing.

Why BlackBull Markets stands out:
  • Ultra-Competitive Spreads: Starting from 0.0 pips, allowing for cost-effective trading.
  • Rapid Execution: Trade execution speed that keeps you ahead in fast-moving markets.
  • Diverse Trading Instruments: Access over 300 tradeable instruments, ensuring comprehensive portfolio diversification options beyond traditional stocks and bonds.
 
​For more details, read our BlackBull Markets Review or visit their website.

How Wealthy New Zealanders Invest Their Money
How Wealthy New Zealanders Invest Their Money

Patronage and Charitable Activities

Many wealthy New Zealanders invest some of their money in helping others, where the aim is not a financial return. However, just like in the USA (as this article outlines), a lot of this money does not go towards helping poorer New Zealanders. Instead, a lot is directed to the arts, sports teams and other cultural activities.

Know this – donations and giving are usually tax-deductible. The IRD offers a tax rebate of 33.33 cents per $1 donated to registered charities; for example, if you donated $1,000 to a registered charity, you would receive back $333.33 when your tax return is completed.

There are many patron programs in all corners of New Zealand. A handful of examples are listed below, with links to their respective patrons' programs, benefits and the starting annual contribution required to be a patron.
  • Aotearoa New Zealand Festival of the Arts (Wellington) - $2,000
  • Auckland Arts Festival - $1,000
  • Wellington Jazz Festival - $2,000
  • City Gallery Wellington - $1,000
  • Q Theatre Auckland - $1,000
  • NZ Opera - $1,000 (Gold level)
  • Auckland Writers Festival - $500

MoneyHub founder Christopher Walsh shares his views:
"Throughout the years, I've been involved in theatre patronage in London and Auckland. I'm not talking about huge amounts of money, but it can be useful depending on the theatre size or production. Alongside the involvement is the benefit is that you get involved in the community and, all going well, experience some great theatre. You also meet a lot of other people who like theatre".

"There are, however, always people who don't have an interest in the theatre but become patrons for status. I occasionally notice these people fall asleep during performances or leave just after the pre-drink reception concludes. If you are interested in supporting a charity or similar, I strongly suggest finding something that you care about – the charity sector in New Zealand exceeds over 27,000 registered charities, so there are plenty of opportunities".


Impact investing, legacy and wills
  • A select number of wealthy New Zealanders use their money to make a difference - this can be done with donations for medical research, education equipment, climate initiatives, legacy giving and helping out our most vulnerable.
  • Graeme Hart donated $10m to the University of Otago in 2018 to help create a new dental school in Auckland to minimise the ongoing dentist shortage in New Zealand.
  • Rod Drury donated $500,000 in 2021 to turn Wellington into a world-class mountain bike destination.
  • There are many other examples of impact investing regularly occurring throughout New Zealand.
  • We suggest watching this detailed video by a Queenstown law firm about philanthropy, charitable donations, legacy building and wills.

How Wealthy New Zealanders Invest Their Money
How Wealthy New Zealanders Invest Their Money

Venture Capital (and/or buying into, or starting, other businesses)

Many wealthy New Zealanders have become wealthy by selling a business. The life of a business owner, big or small, is usually very hands-on, and it's hard to find meaning and purpose after the business is sold and the founder(s) exit. You may think the next chapter would be endless holidays, but this is not usually the case. Many cashed-up ex-business owners want to start a new business, invest in businesses with potential, or do both.

While there are endless opportunities with angel investing (as our guide outlines here), more significant gains (and losses) come from direct investment. Successes like Xero, Trade Me, Pushpay and other New Zealand tech giants received early-stage investments from other business owners or professional investors.

The reality is early-stage companies are looking for both money and investor guidance. If you want to invest $10,000 or even $50,000 into an early-stage business that has a strong product and sales traction, those amounts are unlikely to be useful or strategic for the company. Instead, founders would prefer an investor with a track record of success, an extensive network of contacts/business relationships, and a decent amount of money to invest.

A handful of wealthy New Zealanders have become more wealthy by offering their services and networks to help build new businesses. The most prominent example is arguably the Huljich family, who, after selling a bacon business in the 1990s, invested in financial services, fintech, property services and other opportunities. Of course, not every investment is successful; the Huljich's foray into KiwiSaver was problematic. However, overall, the family has had significant success since selling Top Hat Bacon from reinvesting in many successful New Zealand companies.

Many wealthy New Zealanders stay under the radar and invest with precision. Examples include Rowan Simpson, Rod Drury (Xero was his third fintech business), Nick Bartlett (founder of Geo and seed investor in Hnry, Crimson Education, SafetyCulture, among others) and Shane Bradley (who, after setting up Grabone, has had success with Neighbourly, Generate KiwiSaver and Designer Wardrobe). The cycle of re-investment repeats with the founders of Pushpay investing in the aggressively growing FirstAML.

MoneyHub founder Christopher Walsh shares his views:
"If you want to be seriously wealthy in New Zealand and don't have a portfolio of properties, starting a business that can scale is arguably the best (but riskiest) way to achieve your goal. The important factor is 'scale'. Many people start a business that relies on people rather than processes and technology, limiting the number of growth opportunities. For example, opening a clothing shop is likely to be less profitable and scalable than an e-commerce clothing venture that knows its audience and markets to them on scale. Further, launching an app that solves a pain point for eCommerce retailers is likely to be even more successful.

"Ultimately, the idea is always to think big if you want to be big. As an investor friend told me, he looks for businesses with a product/service in demand first and foremost. Then, he looks at whether the selling and production of the product/service can quickly scale. Only these businesses are worth the risk. An example of where it goes wrong is when investors pile into a business with hype and no substance – even experienced and sophisticated investors get caught out, with the Theranos scandal being one example".

"One prominent businessman told me that he and his wife invest carefully but still get caught out by bad founders who may convert their investment to fund their lifestyle. Somewhat revealingly, he commented, 'once he/she knows you've worked them out, they vanish and certainly don't ask for any more money'. The good news is that as New Zealand is so small, word soon around and those with arguably less-business-focused intentions for your money get left on the side of the road".

"The road to riches via founding a business is long, twisty and uphill and downhill – there are no shortcuts when building a robust business. However, if you're passionate about what you do, have a product/service that people love to buy, and revel in the problems you're solving, the journey will likely be easier. Our startup guides have a lot more information to help you make important decisions early on".

How Wealthy New Zealanders Invest Their Money
How Wealthy New Zealanders Invest Their Money

Political Donations

While MoneyHub is non-political, many wealthy New Zealanders' invest' in political associations. For example, a donation of $1,000 to a political party may get you invited to a dinner with the leader per our discussions with two political parties. Other wealthy New Zealanders donate more - you can see a list of those who have donated more than $30,000 here. Many are well-known names - Phillip Mills (from Les Mills), Barry Colman (publications entrepreneur), Dame Jenny Gibbs (arts supporter), Christopher Reeve (property investor), Murray Chandler (Chess grandmaster), and Roshan Nauhria (entrepreneur) are some names among many. Hundreds if not thousands of others donate below the disclosure threshold every year and are active in local and central politics.

We're unable to make any further comments on this matter other than to say political power is often sought by the super-wealthy.
Nonetheless, there isn't a minimum donation to join any political party, and many people do so to meet like-minded individuals, so such involvement can bring social as well as economic benefits.

How Wealthy New Zealanders Invest Their Money

Frequently Asked Questions

How do wealthy individuals invest?

We believe wealthy New Zealanders have a combination of managed funds, shares, term deposits and property. They may also have business interests, such as shares in a small or medium-sized company that's not listed.

What is considered wealthy in New Zealand right now?

There is no single answer, and we cannot assign a number. An example explains it best; a retiree with a $10m home about to divorce is arguably less 'wealthy' than someone who owns a $2m home with a very profitable business that is aggressively growing. Both, however, are wealthy.

Do millionaires invest in managed funds and KiwiSaver?

Yes - managed funds, including KiwiSaver, are popular and proven to be a wealth accumulator. However, not all managed funds perform as they should, and our guides explain what to look for in a managed fund.

How Wealthy New Zealanders Invest Their Money

Conclusion and Next Steps

  • This guide aims to give you investing ideas. Whatever you decide to do, please make sure you always diversify. This December 2021 story of a lottery winning couple putting everything into a building company that collapsed proves why diversification is important. The wealthy can lose everything overnight.
  • If you're aspiring to be wealthy, there is no shame in that. However, staying clear of consumer debt, spending carefully and investing wisely will get you there faster.
  • There is no reason you can't enjoy some of the privileges that wealthy New Zealanders enjoy every day. For example, a rewarding credit card, patronage to a festival or arts program you're interested in, and perhaps working with a trusted financial advisor who puts your interests first if you're unsure what funds or shares to invest in.
  • Whatever you do, take your time, consider all your options and always make sure you understand what you're investing in. You work hard and smart for your money – don't let someone else trick you so that they can spend it on themselves. Unfortunately, it sadly happens with some regularity as soon as you enter the world of private investments, angel investing and venture capital.

BlackBull Markets
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​For more details, read our BlackBull Markets Review or visit their website.

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