What do you want to achieve?
Your appetite for risk
This figure can vary dramatically and will depend on a wide variety of factors such as how much you choose to contribute, how early you sign up and whether you make any early withdrawals. It also depends on which KiwiSaver provider you choose. Although there are no guarantees, a provider with a history of delivering strong returns may give you a better chance of a comfortable retirement (although past performance does not guarantee future returns).
You may find our KiwiSaver Calculator helpful to see if you are on track for a comfortable retirement.
KiwiSaver members may be able to withdraw all or part of their KiwiSaver savings early if they are buying a first home; however terms and conditions do apply. An application form must be completed along with supporting documentation. Please see the Member Guide for more detail.
How are the funds transferred out of my KiwiSaver account for a first home purchase?
If your withdrawal is approved, your KiwiSaver funds will be transferred into your solicitor’s trust account prior to settlement and will be used as part of the purchase price payable to the vendor on the settlement date. If the agreement is not completed then your solicitor will repay the funds back to Milford to be reinvested back into your KiwiSaver account.
You may also be eligible for the first home owner’s subsidy from Housing New Zealand. To find out more please visit them at http://www.hnzc.co.nz/ways-we-can-help-you-to-own-a-home/kiwisaver-homestart-grant-and-savings-withdrawal/
For more information, or to obtain a First Home Withdrawal Form, please contact Milford at [email protected] or phone 09 921 4700 or 0800 662 346.
Define your goal
This will reveal what sort of average return you’ll need to achieve to reach that goal, and whether your goal is realistic.
This information forms the basis of your investment strategy, but any goal setting will need to include the following steps:
Find your appetite for risk
Use our interactive tool.