OneAnswer KiwiSaver Scheme

NEW ZEALAND FIXED INTEREST FUND

Last 5 years average
returns

3.26% p.a.

Vs Category Average: 5.4%

Annual Fund Fees

0.59%

Vs Category Average: 1.19%

First Home Buyer - Claire

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 NEW ZEALAND FIXED INTEREST FUND invests Claire's money

  • 0% Growth Assets
  • 100% Income Assets
  • 0% Cash

This fund is a Cash fund and may be appropriate for Claire. However as she she still has 3-4 years to go before she saves up enough money, she may want to move up to a Conservative fund depending on how flexible her time frame is.

But how do I decide which Fund is best for me?

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.

Why use National Capital for First Home KiwiSaver Advice?

  • Time Frame:How long will it take you to reach your goal under different circumstances?
  • Volatility Tolerance:We check how comfortable you will be with investing and volatility?
  • Volatility Capacity:We determine what your capacity to endure the ups and downs of the market is.
  • Expertise:Our team specialise in Investment and KiwiSaver research.
  • Gift of Time:We do the hard work, so you can focus on life.
  • No Cost:Our service is at no cost to you. We are paid by the KiwiSaver providers.

Want us to recommend the best KiwiSaver fund for your First Home goals?

LET'S GET STARTED
IMPORTANT

This page does not contain financial advice, only information. Past performance is not necessarily indicative of future performance. If you want personal financial advice on which KiwiSaver fund is suitable for you, please visit www.nationalcapital.co.nz. Provided figures as on 31st Mar 2020.

More KiwiSaver articles

The Future of Financial Advice: Robots or Humans?

Modern technology is paving and changing the path of many industries. In the future, your financial advisor will most likely be..

Can my KiwiSaver go Bankrupt?

There is a lot of talk about all the potential benefits of KiwiSaver, but what about the other side of the story. What if it..

3 factors in choosing a KiwiSaver fund

In our previous posts, we showed you how we calculate what lumpsum you need at retirement, what rate of return you need from..

How much do I need to contribute?

We hear a lot about how different KiwiSaver funds are performing, who is the best, who is the worst. There is also a lot of..

How much return do I need from my KiwiSaver account?

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..

What KiwiSaver lump sum do you need at retirement?

Retirement. For some of us it may be very close, for others, it might still be 10 years away. But the question we all need to..

PO Box 2134
Shortland Street
Auckland 1010

p: +64 21 0499 703
© Copyright 2020. National Capital Limited.
A copy of our advisers' disclosure statement is available on request and free of charge. The views and opinions expressed in this newsletter are not intended to be a personalised service for an individual retail client. The views and opinions are general in nature, may not be relevant to an individual's circumstances. Before making any investment, insurance or other financial decisions, you should consult a professional financial adviser.