T
hose steps include utilising
online tools and advice to
learn more about maximising
your savings. It’s about
making sure your money is working
every bit as hard as you do, now and in
the future, ANZ’s Managing Director
Wealth, Craig Mulholland, says.HARNESS THE TOOLS
ANZ’s KiwiSaver Account Calculator and
Risk Profi le Tool can help you delve
deeper and power up your savings.
The Risk Profi le Tool supports you
in deciding which fund might be right
for you by assessing your tolerance
for risk. It aids in understanding how
much volatility (ups and downs) you
want to accept.
The KiwiSaver Account Calculator
lets you test out scenarios to highlight
the sum you need to contribute to retire
with suffi cient savings.
ANZ’s Internet Banking and
goMoney app help you keep track of
your investments. Knowledge is power
with KiwiSaver.Joining a great KiwiSaver scheme is the fi rst step. But if
you want to supercharge your savings there are further
steps you can take to grow your nest egg.CS
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SAVING MORE
The more you save now the easier
funding your retirement will be,
says Mulholland. At the very least make
sure you’re contributing a minimum of
$1,043 a year in KiwiSaver in order to
get the free Government contribution
of $521.The next step to supercharge your
savings is to make sure you’re
contributing three per cent of your pay,
which when matched by your employer
doubles your savings. The icing on the
cake is to contribute even more from
your pay if you can. You can now
contribute up to 10 per cent thanks to
new KiwiSaver rules.
Ask yourself: “How much can I
actually aff ord?” It may be more thanyou think, says Mulholland. “As a nation
we need to learn to save more so we
can maintain our lifestyle in retirement.”ASK THE EXPERTS
It can be hard to get expert
personalised advice about KiwiSaver.
ANZ off ers free phone-based advice
from a team of authorised fi nancial
advisers. “The advantage of personalised
advice is that we can delve into each
individual’s situation,” Mulholland says.
“Our fi nancial advisers can go through
your goals, objectives and fi nancial
situation, assess your risk tolerance and
provide a tailored solution to help meet
your investment needs.”For more information about the
ANZ KiwiSaver Scheme, visit
anz.co.nz/joinkiwisaverSUPERCHARGE YOUR
KIWISAVER
As a nation we need to
learn to save more so
we can maintain our
lifestyle in retirement.ANZ New Zealand Investments Limited is the issuer and manager of the ANZ KiwiSaver Scheme. A product disclosure statement is available at anz.co.nz or on request from any ANZ branch.SPONSORED CONTENT
Q&A: WHAT YOU NEED TO
KNOW ABOUT REVIEWING
YOUR KIWISAVER SAVINGS
When is the best time to review
my KiwiSaver account?
Life changes, and so do your goals.
Maybe you have started a new job,
are saving for your fi rst home, have a
baby on the way, or are on the home
run to retirement. These are all
reasons to review your situation.
How can a review help me?
Reviewing your KiwiSaver account
ensures you’re in the right fund for
your stage of life. This is also a good
time to ensure you’re on track to
meeting your future goals.
Is there an easy option?
If you feel uncomfortable about
choosing a fund, ANZ’s Lifetimes
option might be for you. With this
option, your savings move gradually
from higher to lower risk funds as
you age. This gives you the best
chance to get higher returns in the
early years and dial down the risk
as you get closer to retirement.