North & South – June 2019

T

hosestepsincludeutilising

onlinetoolsandadviceto

learnmoreaboutmaximising

yoursavings.It’sabout

makingsureyourmoneyis working

everybitashardasyoudo,nowand

in thefuture,ANZ’sManagingDirector

WealthCraigMulhollandsays.

HARNESSTHETOOLS

ANZ’sKiwiSaverAccountCalculator

andRiskProfile Toolcanreallyhelp

youdelvedeeperandpowerup

yoursavings.

TheRiskProfile Toolsupportsyou

in decidingwhichfundmightberight

foryoubyassessingyourtolerance

forrisk.It aidsin understandinghow

muchvolatility(upsanddowns)you

wanttoaccept.

TheKiwiSaverAccountCalculator

letsyoutestoutscenariostohighlight

thesumyouneedtocontributeto

retirewithsufficientsavings.

ANZ’sInternetBankingand

goMoneyapphelpyoukeeptrackof

yourinvestments.Knowledgeis power

withKiwiSaver.

SUPERCHARGE

YOUR KIWISAVER

PROMOTION

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 per 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 percent of your

pay, which when matched by your

employerdoublesyoursavings.

Theicingonthecakeis tocontribute

evenmorefromyourpayif youcan.

Youcannowcontributeupto 10

percentthankstonewKiwiSaverrules.

Askyourself:“HowmuchcanI

actuallyafford?”It maybemorethan

you 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,” he says. “Our fi nancial

advisers can go through your goals

and objectives, fi nancial situation,

assess your risk tolerance and

provide a tailored solution to help

meet your investment needs.”

For more information about the

ANZKiwiSaverScheme,visit

anz.co.nz/joinkiwisaver

Joininga greatKiwiSaverschemeis thefirststep.

But if youwanttosuperchargeyoursavingsthere

are furtherstepsyoucantaketogrowyour nestegg.

As a nation we

need to learn to

save more so we can

maintain our lifestyle

in retirement.

ADVT2019 CS25016 05/

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.

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’ve started a new

job, are saving for your fi rst home,

have a baby on the way, or you’re

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 meet 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.