2 Smart Tips to Maximise Your KiwiSaver Account - Milford Asset

2 Smart Tips to Maximise Your KiwiSaver Account

Sarah Mitchell

Head of Marketing and Client Experience

Sarah is the Head of Marketing and Client Experience at Milford, responsible for promoting Milford’s Funds and services and the growth and enhancement our client interactions and experience. The marketing team that Sarah heads supports the various client facing areas of the business and Milford’s sponsorship program.

Since joining Milford in 2010, Sarah has held roles across Client Services, Product and Marketing.

Prior to working with Milford she was employed by Hastings Funds Management in Melbourne, Australia, working within Investor Relations and marketing.

Sarah has a Bachelor of Commerce and a Bachelor of Arts (Psychology) from the University of Auckland.

KiwiSaver is probably not something you think about very often, but your KiwiSaver account is likely to become one of your primary sources of income in the future. So it’s critical you’re making the most of it now. Here are two smart tips to help:

1. Choose the right type of fund

If you have a long time until retirement, for example 10+ years, then you should consider investing in a growth oriented fund. This is because over long time periods (e.g. 10+ years) growth funds, which mainly invest in shares and property, should produce higher returns than conservative funds, which mainly invest in bonds and cash.

If you’re unsure which fund is right for you, most KiwiSaver providers have a risk profile tool on their website which can help you work this out.

KiwiSaver Growth vs. KiwiSaver Conservative 2009 – 2019

Data sourced from Morningstar Survey June 2019. Returns are after fees and before tax. Please note past performance is not a guarantee of future performance.

 

2. Choose an expert provider with a proven track record

The investment returns achieved by KiwiSaver providers varies. Some have better track records than others. The reason this matters is because over a long working career, even a small increase in your annual return can potentially add-up to tens of thousands of dollars more to your retirement.

So, when deciding whether you should stay with your current provider or switch to a new one, it’s important to make sure you’ve chosen an expert investor with a proven track record of strong returns.

So, how does your provider compare to Milford?

In the latest KiwiSaver survey from independent investment research company Morningstar, Milford’s KiwiSaver Active Growth Fund is the best-performing KiwiSaver growth fund in the country over the past 10 years. In addition, Milford’s KiwiSaver Balanced Fund is the best-performing balanced fund over 5 years and Milford’s KiwiSaver Conservative Fund is the best-performing conservative fund over the past 5 years.

10-Year KiwiSaver Growth Fund Annual Returns

Data sourced from Morningstar Survey June 2019. Returns are after fees and before tax. Please note past performance is not a guarantee of future performance.

 

We put our excellent returns down to our world-class investment expertise combined with an insatiable curiosity that keeps us constantly asking how we can do better.

If that sounds like the kind of company you’d like looking after your KiwiSaver account, you can do something about it right now.

Join or switch to Milford in minutes

 

 

 

Disclaimer: This is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to an Authorised Financial Adviser. Please note past performance is not a guarantee of future performance. Please read the Milford KiwiSaver Plan Product Disclosure Statement (found here) before investing. 

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