KiwiSaver’s first-home withdrawal function is a practical solution and a reflection of the reality of New Zealand house prices, providers say. Members are able to withdraw some or all of their KiwiSaver funds to purchase a first home after at least three years’ saving. That has been criticised in the past by those who said […]
Category Archives: KiwiSaver Articles
Risk-taking pays off
KiwiSaver funds with more assets invested in growth assets shone in the December quarter, Morningstar analysis shows. The research house has released its latest quarterly KiwiSaver report, which covers the final three months of 2015. It showed a big difference between conservative and more risky options: The average return over the quarter for conservative funds […]
Auto-enrolment would only add 5% to KiwiSaver: Report
A one-off enrolment of all salary and wage-earners who are not KiwiSaver members would likely cost more than it would deliver in benefits, a Treasury report says. The report, prepared for Finance Minister Bill English last year, has been released under the Official Information Act. The Government has previously said it intended to carry out […]
Five-year KiwiSaver break too long
KiwiSaver members should not be allowed to “set and forget” a five-year contributions holiday, providers and industry commentators say. Members can choose to opt out of their contributions for five years at a time. At the end of that period, they are asked whether they want to roll over on to another contribution holiday. If […]