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What KiwiSaver Actually Needs to Change, According to an Adviser

Dela

Five minutes could be enough to add hundreds of thousands of dollars more to your KiwiSaver.

There are simple, low-hanging fruit changes that can mean serious money landing in your account - but simple changes cut both ways. There are costly traps to avoid, and easy tweaks to your settings that can make a massive difference to your balance over time.

This week on Ask the Experts, Katie Wesney from EnableMe joins Frances Cook to answer your KiwiSaver questions, from splitting funds to self-employed strategies and tax checks.

In this episode we’re talking:

  • Why you don't have to be all-or-nothing: how splitting across multiple funds protects your money and matches your personal timeline
  • Why getting caught up in scary economic news headlines hurts your long-term growth
  • The three questions you must ask yourself before choosing or switching a KiwiSaver fund
  • Why waiting for "perfect market timing" to switch providers is a trap
  • Smart KiwiSaver and retirement strategies for self-employed people who don't get employer contributions
  • The 3-letter tax setting (PIR) you need to check today so you don't accidentally overpay tax
  • Big policy changes that could make KiwiSaver fairer for everyday New Zealanders


If you have a letter you’d like us to answer, please send it through to ask@francescook.co.nz and you might feature on our next episode!

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Production and video editing by Lana Byrne

Audio engineering by Tash Chittock

Filmed by Fanaticals

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