Updated 8 August 2021
- Returns are for the three years to 30 October 2020.
- Source of data: Morningstar KiwiSaver Reports.
- Returns do not account for additional sums invested beyond the original amount specified.
- Our calculator helps you to quickly calculate previous returns in seconds, making financial decisions easier. Frequently asked questions below have been included to help further explain the KiwiSaver options for New Zealanders.
KiwiSaver is a long-term investment; no fund choice decision should ever be rushed. Additionally, everyone's KiwiSaver situation is unique. Generally, New Zealanders have stayed in long-term underperforming funds out on apathy, unawareness or unwillingness to move.
We don't provide any form of financial advice. Our view is simple - like any financial decision, if you feel you can get a better return somewhere else, do the research and make an informed decision. Many market-leading and historically high-performing funds are available - this list of our favourite KiwiSaver funds can be a good starting point.
Investing in KiwiSaver is a long-term commitment - selecting the right fund can make a significant difference by the time you retire. To compare the options comprehensively, consider:
This depends on your financial circumstances, and how much money you want in your retirement. Generally, KiwiSaver contributions compound year after year, so investing $1 when you're 25 years old could be worth $7 by the time you retire.
We take the view that the majority of New Zealanders are not saving enough for their retirement. This is because KiwiSaver contributions are, for most people, around 6% of their salary whereas in Australia the minimum is 9.50%. Also, balances can be withdrawn to buy a first home, something which is prohibited in Australia.
Once you retire, it's near-impossible to accumulate more savings without a large investment balance. For this reason, it's a good idea to consider contributing above the minimum to KiwiSaver for long-term benefits.