Your KiwiSaver savings is a fund that often comprises of companies that you’ll find listed on a stock exchange be it the New..
BOOSTER KIWISAVER SCHEMESOCIALLY RESPONSIBLE INVESTMENT MODERATE FUND
Vs Category Average: 5.17%
Vs Category Average: 0.93%
Claire's current KiwiSaver Balance : $40,000
Claire is 30 years old and is looking to buy her first home within the next few years. She earns $70,000 per year and needs $75,000 from her KiwiSaver account to pay towards a first home deposit. She is contributing 10% from her salary and her employer contributes 3%.
To check if this fund is appropriate for her, we first need to calculate how long it will take Claire to reach her deposit goal and then compare that to how her current KiwiSaver fund invests her money.
How the SOCIALLY RESPONSIBLE INVESTMENT MODERATE FUND invests Claire's money
This fund is a Moderate Fund. While in therory, Claire should be able to reach her goal within 3-4 years with a Moderate fund, it may or may not be appropriate for her.
Depending on how flexible her time frame is, she might decide to remain in Moderate or move to a more conservative fund.
As in Claire’s example above, it depends on a combination of factors such as how long it will take you to reach your goal, your current contribution rates, and the flexibility of your time frame.
National Capital can help you calculate this and give you advice on which KiwiSaver fund is most suited for your personal circumstances.
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This page does not contain financial advice, only information. If you want personal financial advice on which KiwiSaver fund is suitable for you, please submit the KiwiSaver HealthCheck. Past performance is not necessarily indicative of future performance. Click here for an explanation of the calculations and sources used for the data on this page. Data is current as of quarter ended Dec 2020.
In our last post we showed you how to find the amount you need as a lump sum at retirement. Finding that goal is half the..