We’ve carried out a review of the Kiwi Wealth KiwiSaver Scheme and we’ve reduced our fees and are changing the asset allocation in some of the investment funds.
The fee changes took effect on 1 April 2019 and the asset allocation changes will take effect on or around 30 April 2019.
The table to the right shows our current fund structure and what the revised fund structure will look like once the changes are in effect.
We recommend that all members regularly review their KiwiSaver fund choice.
Choosing the right fund is about balancing your attitude to risk with the length of time you have before you withdraw your investment.
Use our free tool to work out which Kiwi Wealth KiwiSaver Scheme fund might be right for you.
All it takes is a few minutes to find out.
A number of Government changes to KiwiSaver came into effect from 1 April.
The changes include:
From 1 July
- Living or normally living in New Zealand; and
- A New Zealand citizen, or entitled to live in New Zealand permanently.
- they will usually be able to withdraw their savings no matter how long they've been a member
- they will not be eligible for Government contributions
- their employer can also stop their contributions
Please note: Anyone aged 60-64 who joined a KiwiSaver scheme for the first time before 1 July 2019 will still be subject to the five-year membership lock-in period, which means that they can be eligible for Government contributions and employer contributions for the five year period