Question 1

How much do I need to save for retirement in New Zealand?

Accepted Answer

The honest answer is that it depends on your lifestyle, your spending in retirement, and how long you expect to be retired. KiwiSaver and NZ Super are only part of the picture, and most people want their own savings on top. WorthNav gives general information to help you model your own numbers rather than a target figure that applies to everyone.

Question 2

When can I access my KiwiSaver money?

Accepted Answer

KiwiSaver is designed as a long-term retirement tool and your money is generally locked away until your first home purchase, serious hardship, or the eligibility age that applies when you can withdraw it. The specific rules and eligibility ages are set by the government and can change, so confirm the current position with your provider before making plans.

Question 3

How do KiwiSaver and NZ Super work together?

Accepted Answer

NZ Super is the state pension funded from general taxation, while KiwiSaver is your own personal savings scheme built from your contributions, your employer's contributions and the government contribution. Many Kiwis treat KiwiSaver as the starting point for retirement savings and add other investments on top. Eligibility rules and amounts change, so treat any figure as illustrative.

Question 4

Are these retirement guides financial advice?

Accepted Answer

No. WorthNav provides general financial information only and does not take your personal circumstances into account. For advice tailored to your situation, talk to a licensed financial adviser.

Retirement

Introduction to Retirement

KiwiSaver projection calculator

KiwiSaver funds, fees and providers

KiwiSaver vs investing outside it

Retirement Income

Retirement income in NZ

Investments & Accounts

Investments and accounts for retirement