Why it is important to review your KiwiSaver Investment?

Reviewing your KiwiSaver is a great way to understand if you are on track to either have the retirement that you want or if you would have a big enough deposit to buy your first home, whichever goal is more important to you.

Most people will have Their KiwiSaver Investment with a bank or with the provider that they were automatically enrolled with when they started working for the first time and it has never been reviewed. Often these are not the best providers and often people are not in the correct funds for the goal that they would like to achieve.

Having said that do you worry that:

• You don’t know who your KiwiSaver provider is?

• You don’t know if the fund/ funds that you currently have within your KiwiSaver Investment is aligned to the goal that you would like to achieve.

• You do not really have a plan for where you are headed with your KiwiSaver Investment.

Any review of KiwiSaver will need to involve the financial goals that you would like to achieve, and your risk tolerance taking into consideration any other investments that you might have.

Not having regular reviews of your KiwiSaver could result in not achieving your goal, be that having the retirement that you want, or having a big enough deposit to be able to buy your first home.