What Happens to my KiwiSaver money if I Die?
When a contributor dies, all their KiwiSaver savings are paid to their estate. The estate's personal representative would deal with these savings in accordance with the terms of the deceased's will, or intestate provisions where there was no will.
Factors to Consider When Choosing a KiwiSaver Fund
1. Your Goals
Start by identifying your primary goal – are you saving for your first home or retirement? Knowing your goal will help you narrow down which fund aligns best with your needs.
2. Your Risk Profile
Next, assess your tolerance for risk, often referred to as your ‘risk profile.’ Investment values can fluctuate, so it’s essential to understand how much risk you’re comfortable with, based on your goals and how long you plan to invest.
3. Your Timeframe
Determine how long you expect to keep your savings invested in KiwiSaver. Whether your goal is to buy a home or prepare for retirement, the length of your investment period will influence the type of fund that’s right for you.
KiwiSaver and First Home Buyer
If you've been in a KiwiSaver scheme for at least three years, you might be able to withdraw some of your money for a deposit for your very first home in New Zealand.Find out how you can use your KiwiSaver savings to take your first step up the housing ladder.
KiwiSaver & Gouvernement Contribution
What about free money for your KiwiSaver account?Get government contributions to top up your KiwiSaver account every year.
