Summer KiwiSaver SchemeSUMMER GLOBAL FIXED INTEREST
Vs Category Average: 5.4%
Vs Category Average: 1.19%
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 SUMMER GLOBAL FIXED INTEREST invests Claire's money
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.
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.
Want us to recommend the best KiwiSaver fund for your First Home goals?
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.