How much do you know about your Kiwisaver account ?
There’s a lot more to it than people think.
Answer the next four questions to see how taking advice now could mean the difference of hundreds of thousands of dollars in your retirement.
1. It’s free to start and fun to watch
Opening a new KiwiSaver account is free and even if your kids only contribute a small amount each week, watching it grow over time can be really exciting.
2. Money Habits are set by age 7
According to researchers in the US, by the time kids reach the age of 7 many of their money habits are already set! Setting your kids up with a KiwiSaver account early is a great way to teach them about money and the importance of saving
3. Help with their first home
With house prices in New Zealand seeming only to go up and up, it’s scary to think what houses may cost when your kids are older! Use KiwiSaver to start saving now to help your kids later, when they’re ready to buy their first home